Zig-Zag Rolling Papers Segment Drives 47% Of Turning Point Brands' Q3 Sales, CEO Predicts Sustainable Growth
Zig-Zag Rolling Papers Segment Drives 47% Of Turning Point Brands' Q3 Sales, CEO Predicts Sustainable Growth
Turning Point Brands, Inc. (NYSE:TPB), a maker of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced its financial results Thursday for the third quarter ended Sept. 30, 2024.
包括替代煙具和含活性成分的消耗品在內的品牌消費品製造商Turning Point Brands, Inc.（紐約證券交易所代碼：TPB）週四公佈了截至2024年9月30日的第三季度財務業績。
The company behind Zig-Zag, a brand of rolling papers in the cannabis industry, said total consolidated net sales increased 3.8% year over year to $105.6 million.
大麻行業捲紙品牌Zig-Zag背後的公司表示，合併淨銷售總額同比增長3.8％，達到1.056億美元。
Zig-Zag products' net sales, which accounted for 47% of total net sales in the quarter, increased 5.5% over the same period to $49.3 million, driven by strong performance in our North American Papers & Wraps business and solid growth in cigars.
Zig-Zag產品的淨銷售額佔本季度總淨銷售額的47％，同期增長5.5％，達到4,930萬美元，這得益於我們北美紙張和包裝業務的強勁表現以及雪茄的穩步增長。
Graham Purdy, the company's president and CEO, said Zig-Zag is on "a sustainable growth trajectory."
該公司總裁兼首席執行官格雷厄姆·珀迪表示，Zig-Zag正處於 「可持續增長的軌道上」。
Zig-Zag Products segment gross profit increased 2.2% to $27.3 million. Gross margin declined 180 basis points to 55.4% driven primarily by product mix.
Zig-Zag產品板塊的毛利增長了2.2％，達到2730萬美元。毛利率下降180個點子至55.4％，這主要是由產品組合推動的。
Read Also: Zig-Zag Segment On Sustainable Growth Trajectory, Turning Point CEO Reports 7% YoY Improvement In Adjusted EBITDA, Raises 2024 Guidance
另請閱讀：關於可持續增長軌跡的曲折線段，Turning Point首席執行官報告調整後的息稅折舊攤銷前利潤同比增長7％，上調了2024年的預期
Other Q3 Financial Highlights
第三季度其他財務亮點
- Gross profit totaled $53.7 million, up from $51.6 million in the prior year's quarter.
- Selling, general and administrative expenses amounted to $33.2 million, compared to $31.4 million in the third quarter of last fiscal year.
- Net loss attributable to non-controlling interest totaled $16 000, compared to net income attributable to non-controlling interest of $35 000 in the prior year's quarter.
- Net income attributable to Turning Point Brands amounted to $12.4 million, up from $10.8 million.
- Total gross debt as of Sept. 30, 2024 was $250 million.
- Net debt as of Sept. 30, 2024 was $216.4 million.
- Ended the quarter with total liquidity of $92.4 million, comprised of $33.6 million in cash and $58.8 million of asset-backed revolving credit facility capacity.
- 毛利總額爲5,370萬美元，高於去年同期的5,160萬美元。
- 銷售、一般和管理費用爲3,320萬美元，而上一財年第三季度爲3,140萬美元。
- 歸屬於非控股權益的淨虧損總額爲1.6萬美元，而去年同期歸屬於非控股權益的淨收益爲3.5萬美元。
- 歸屬於Turning Point Brands的淨收入爲1,240萬美元，高於1,080萬美元。
- 截至2024年9月30日，債務總額爲2.5億美元。
- 截至2024年9月30日，淨負債爲2.164億美元。
- 本季度末，總流動性爲9,240萬美元，其中包括3,360萬美元的現金和5,880萬美元的資產支持循環信貸額度容量。
2024 Outlook
2024 年展望
Turning Point increased its previous full-year 2024 adjusted EBITDA guidance from $98 million to $102 million to $101 million to $103 million, excluding CDS.
Turning Point將其之前的2024年全年調整後息稅折舊攤銷前利潤預期從9,800萬美元上調至1.02億美元，至1.01億美元至1.03億美元，不包括CDS。
During the quarter, the company repurchased 26,978 shares of common stock for $1.1 million.
在本季度，該公司以110萬美元的價格回購了26,978股普通股。
On Nov. 6, 2024, the board of directors of the company increased the company's share repurchase authorization by $77.9 million to an aggregate amount of $100 million.
2024 年 11 月 6 日，公司董事會將公司的股票回購授權增加了 7,790 萬美元，總金額爲 1 億美元。
- Zig-Zag Rolling Paper Sales Made 48% Of Total Turning Point Brands Sales In First Quarter
- Zig-Zag 捲紙銷售額佔第一季度轉折點品牌總銷售額的48％
TPB Price Action
TpB 價格走勢
Turning Point Brands' shares traded 1.31% lower at $50.37 per share at the time of writing on Thursday.
在週四撰寫本文時，Turning Point Brands的股價下跌1.31％，至每股50.37美元。
譯文內容由第三人軟體翻譯。
