OverviewSuggest Edit

Turning Point Brands manufactures and markets smokeless and smoking tobacco products in the United States. It operates in three segments: Smokeless Products, Smoking Products, and NewGen Products. The Smokeless Products segment manufactures and markets moist snuff; and contracts for and markets loose leaf chewing tobacco products. The Smoking Products segment imports and markets cigarette papers, tubes, and related products; processes, packages, and markets make-your-own (MYO) cigarette tobaccos; imports and markets MYO cigar wraps and loose cigar smoking tobacco, as well as finished cigars; and processes, packages, and markets traditional pipe tobaccos. The NewGen Products segment markets and distributes liquid vapor products, tobacco vaporizer products, and other products without tobacco and nicotine, including markets e-cigarettes, e-liquids, vaporizers, and other related products; and distributes various assortments of vaping products to non-traditional retail outlets through VaporBeast.
TypePublic
Founded2004
HQLouisville, KY, US
Websiteturningpointbrands.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Feb 2020)466(-10%)
Job Openings15
Revenue (FY, 2020)$405.1 M(+12%)
Share Price (Sept 2021)$49(-1%)
Cybersecurity ratingCMore

Key People/Management at Turning Point Brands

Lawrence S. Wexler

Lawrence S. Wexler

President and CEO
Gregory H. A. Baxter

Gregory H. A. Baxter

Director
Louie Reformina

Louie Reformina

Chief Financial Officer
H. C. Charles Diao

H. C. Charles Diao

Director
Marc Waxman

Marc Waxman

President & COO Vape
Brittani N. Cushman

Brittani N. Cushman

General Counsel and Secretary
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Turning Point Brands Office Locations

Turning Point Brands has an office in Louisville
Louisville, KY, US (HQ)
5201 Interchange Way
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Turning Point Brands Financials and Metrics

Turning Point Brands Revenue

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Turning Point Brands's revenue was reported to be $405.11 m in FY, 2020
USD

Revenue (Q1, 2021)

107.6m

Gross profit (Q1, 2021)

53.3m

Gross profit margin (Q1, 2021), %

49.5%

Net income (Q1, 2021)

11.5m

EBIT (Q1, 2021)

24.3m

Market capitalization (9-Sept-2021)

933.5m

Closing stock price (9-Sept-2021)

49.0

Cash (31-Mar-2021)

167.4m

EV

1.2b
Turning Point Brands's current market capitalization is $933.5 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

206.2m285.8m332.7m362.0m405.1m

Cost of goods sold

105.9m160.9m190.1m225.2m215.5m

Gross profit

100.4m124.9m142.6m136.7m189.6m

Gross profit Margin, %

49%44%43%38%47%
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.9m2.6m3.3m95.3m41.8m

Accounts Receivable

3.2m2.6m6.9m9.3m

Prepaid Expenses

10.3m14.7m

Inventories

62.2m63.3m91.2m71.0m79.8m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

2.9m3.6m4.4m2.2m1.7m4.2m3.8m3.4m1.6m1.7m2.1m81.1m99.4m64.2m67.4m167.4m

Accounts Receivable

2.6m5.2m3.4m4.0m2.8m3.0m2.3m5.7m6.6m4.3m6.3m7.0m4.3m5.1m8.8m6.6m

Prepaid Expenses

9.4m9.9m9.3m13.0m11.2m9.5m12.4m19.2m14.6m11.7m18.2m15.7m

Inventories

48.0m51.8m51.7m60.9m67.8m64.8m58.1m76.9m89.4m90.9m94.6m98.7m69.2m75.6m73.3m98.4m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

17.1m19.7m25.3m13.8m33.0m

Depreciation and Amortization

1.2m2.3m3.1m4.1m5.0m

Inventories

(12.5m)495.0k(20.6m)21.0m(7.6m)

Accounts Payable

3.6m(5.7m)2.5m6.6m(5.1m)
USDQ1, 2016

Debt/Equity

-3.7 x

Debt/Assets

1.2 x

Financial Leverage

-3 x
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Turning Point Brands Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Turning Point Brands Online and Social Media Presence

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Turning Point Brands News and Updates

Turning Point Brands Makes Strategic Investment into dosist™ A World-Class and Globally Recognized Cannabis Brand

LOUISVILLE, Ky., Oct. 27, 2020 /PRNewswire/ -- Turning Point Brands, Inc. ("TPB") (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products with active ingredients, today announced a $15 million strategic investment in leading global cannabinoid company dosist™...

Turning Point Brands shares jump premarket after earnings blow past estimates

Turning Point Brands Inc. shares jumped more than 6% in premarket trade Tuesday, after the maker of cigarette rolling papers and vapes blew past earnings estimates for the third quarter. Louisville, Kentucky-based Turning Point posted net income of $7.8 million, or 40 cents a share, in the quarter,…

Global E-Cigarette Market (Vape & HNB) Insights & Forecast 2020-2024 with Profiles of Leading Players - Imperial Brands, BAT, Japan Tobacco, Altria, Philip Morris and Turning Point Brands

Dublin, Oct. 26, 2020 (GLOBE NEWSWIRE) -- The "Global E-Cigarette Market (Vape & HNB): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering.

Pyxus Signs Agreement with Turning Point Brands Initiating PMTA Project Collaboration

An exclusive supply agreement was also announced MORRISVILLE, N.C. and LOUISVILLE, Ky., Feb. 5, 2020 /PRNewswire/ -- Pyxus International, Inc. (NYSE: PYX), a global value-added agricultural company, announced today its collaboration with Turning Point Brands, Inc. (NYSE: TPB), a leading U....

Turning Point Brands Frequently Asked Questions

  • When was Turning Point Brands founded?

    Turning Point Brands was founded in 2004.

  • Who are Turning Point Brands key executives?

    Turning Point Brands's key executives are Lawrence S. Wexler, Gregory H. A. Baxter and Louie Reformina.

  • How many employees does Turning Point Brands have?

    Turning Point Brands has 466 employees.

  • What is Turning Point Brands revenue?

    Latest Turning Point Brands annual revenue is $405.1 m.

  • What is Turning Point Brands revenue per employee?

    Latest Turning Point Brands revenue per employee is $869.3 k.

  • Who are Turning Point Brands competitors?

    Competitors of Turning Point Brands include Cheyenne International, Boveda and Universal Corporation.

  • Where is Turning Point Brands headquarters?

    Turning Point Brands headquarters is located at 5201 Interchange Way, Louisville.

  • Where are Turning Point Brands offices?

    Turning Point Brands has an office in Louisville.

  • How many offices does Turning Point Brands have?

    Turning Point Brands has 1 office.