Slide 1: Turning Point Brands Announces Second Quarter 2026 Results
Turning Point Brands Announces Second Quarter 2026 Results ● Q2 2026 Modern Oral Gross Revenue increased 149% to $87.0 million and Net Sales increased 128% to $68.4 million. Accounting for 48% of total company net sales, up from 26% in Q2 2025 ● Raising FY 2026 Modern Oral Gross and Net Sales guidan
Slide 2: Stoker's and Zig-Zag Products Segments
Stoker’s Products Segment (75% of total net sales in the quarter) For the second quarter, Stoker’s segment net sales increased 54.5% from the prior year to $107.6 million, driven by triple-digit growth in Modern Oral net sales. For the quarter, Stoker’s segment gross profit increased 63.3% from the
Slide 3: 2026 Outlook
2026 Outlook ● Projected full year Modern Oral Gross Sales of $330-$350 million up from $280-$300 million ● Projected full year Modern Oral Net Sales of $260-$270 million up from $210-$225 million ● Projected full year Adjusted EBITDA of $70-90 million, inclusive of investment in Modern Oral sales,
Slide 4: Forward-Looking Statements
Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may generally be identified by the use of words such as "anticipate," "believe," "expect," "intend," "plan" and "will" or, in each case, the
Slide 5: Consolidated Statements of Income
Turning Point Brands, Inc. Consolidated Statements of Income (dollars in thousands except share data) (unaudited) Three Months Ended June 30, 2026 2025 Net sales $ 142,960 $ 116,634 Cost of sales 49,256 50,011 Gross profit 93,704 66,623 Selling, general, and administrative expenses 76,991 40,296 Ope
Slide 6: Consolidated Balance Sheets
Turning Point Brands, Inc. Consolidated Balance Sheets (dollars in thousands except share data) (unaudited) June 30, December 31, ASSETS 2026 2025 Current assets: Cash $ 268,307 $ 222,760 Accounts receivable, net of allowances of $244 in 2026 and $206 in 2025 22,698 25,726 Inventories, net 133,434 1
Slide 7: Consolidated Statements of Cash Flows
Turning Point Brands, Inc. Consolidated Statements of Cash Flows (dollars in thousands) (unaudited) Six Months Ended June 30, 2026 2025 Cash flows from operating activities: Consolidated net income $ 24,243 $ 32,751 Adjustments to reconcile net income to net cash provided by operating activities: Lo
Slide 8: Non-GAAP Financial Measures
Non-GAAP Financial Measures To supplement our financial information presented in accordance with generally accepted accounting principles in the United States, or U.S. GAAP, we use non-U.S. GAAP financial measures, including EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted EPS, and Adj
Slide 9: Reconciliation of GAAP Net Income to Adjusted EBITDA
Schedule A Turning Point Brands, Inc. Reconciliation of GAAP Net Income to Adjusted EBITDA (dollars in thousands) (unaudited) Three Months Ended June 30, 2026 2025 Net income attributable to Turning Point Brands, Inc. $ 3,598 $ 14,480 Add: Interest expense, net 4,388 5,140 Income tax expense 3,974 4
Slide 10: Reconciliation of GAAP Net Income to Adjusted Net Income
Schedule B Turning Point Brands Reconciliation of GAAP Net Income to Adjusted Net Income and Diluted EPS to Adjusted Diluted EPS (dollars in thousands except share data) (unaudited) Three Months Ended Three Months Ended June 30, 2026 June 30, 2025 Adjusted Net Adjusted Adjusted Net Adjusted Income D