Turning Point Brands, Inc. (TPB) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Turning Point Brands second quarter 2025 earnings conference call. All participants are in a listen only mode. All lines have been placed on mute to prevent any background noise. Should you need assistance, please signal a conference specialist by pressing the star and the number zero. After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. It is now my pleasure to turn the conference call over to Andrew Flynn, Chief Financial Officer. Please go ahead. Good morning, everyone. A short while ago we issued a press release covering our Q2 results. This release is located in the IR section of our website at .TurningPointBrands.com. During this call, we will discuss our consolidated and segment operating results and provide some perspective on the operating environment and progress against our strategic plan. As is customary, I direct your attention to discussion of forward looking and cautionary statements in today's press release and the risk factors that are finalized with the Securities and Exchange Commission. On the call today, we will reference certain non-GAAP financial measures. These measures and reconciliations to GAAP are in today's earnings release, along with reasons why management believes they provide useful information. I will now turn the call over to our CEO, Graham Pardee. Thanks, Andrew. Good morning, everyone, and thank you for joining our call. Our consolidated second quarter results were better than expected and demonstrated continued progress against our plan. Revenue increased 25% to $116.6 million for the quarter, including $30.1 million in modern oral revenue. Modern oral now accounts for 26% of our total revenue. Adjusted EBITDAI increased 15% to $30.5 ...