Filing Flows › Turning Point Brands (TPB) › Q1 2025
Turning Point Brands (TPB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Turning Point Brands (TPB) reported revenue of $106M for the first quarter 2025 (Q1 2025), +28% from a year earlier and +14% from the quarter before. Operating margin was 21.8%, net earnings $14.4M (13.5% of revenue).
Turning Point Brands, Q1 2025: revenue $106M (+28% year over year), operating margin 21.8%, net earnings $14.4M, operating cash flow $17.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $106M | +14% | +28% |
| Gross profit | $59.6M | +14% | +23% |
| Operating profit | $23.2M | +30% | +20% |
| Net earnings | $14.4M | +496% | +20% |
| Operating cash flow | $17.4M | -2% | -23% |
| Free cash flow | $15.2M | -8% | -32% |
What changed
Revenue was $106.4M in Q1 2025, up 28% year over year and up 14% from the previous quarter.
Gross margin was 56.0%, down 2.2 points from a year earlier. Operating profit was $23.2M, a 21.8% margin (down 1.4 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, below the 23% margin then. Operating expenses grew 25% against revenue growth of 28%. Net earnings were $14.4M, up 20% year over year. The effective tax rate was 11.4%.
Operating cash flow was $17.4M (down 23% year over year), 110% of net income including minority interests. Non-cash charges added back $1.7M of share-based compensation. Capital expenditures of $2.2M left free cash flow of $15.2M.
Questions
What was Turning Point Brands' revenue in the first quarter 2025?
Turning Point Brands (TPB) reported revenue of $106M for the first quarter 2025 (Q1 2025), +28% from a year earlier and +14% from the quarter before.
Was Turning Point Brands profitable in the first quarter 2025?
Operating profit was $23.2M (21.8% of revenue) and net earnings $14.4M.