Filing Flows › Turning Point Brands (TPB) › Q4 2024
Turning Point Brands (TPB) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 6, 2025
Turning Point Brands (TPB) reported revenue of $93.7M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +3% from the quarter before. Operating margin was 19.1%, net earnings $2.4M (2.6% of revenue).
Turning Point Brands, Q4 2024: revenue $93.7M (+13% year over year), operating margin 19.1%, net earnings $2.4M, operating cash flow $17.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $93.7M | +3% | +13% |
| Gross profit | $52.4M | +4% | +11% |
| Operating profit | $17.9M | -14% | -27% |
| Net earnings | $2.4M | -80% | -76% |
| Operating cash flow | $17.7M | +34% | -34% |
| Free cash flow | $16.6M | +32% | -34% |
What changed
Revenue was $93.7M in Q4 2024, up 13% year over year and up 3% from the previous quarter.
Gross margin was 56.0%, down 1.1 points from a year earlier. Operating profit was $17.9M, a 19.1% margin (down 10.5 points year over year). Operating profit fell $6.7M even though revenue rose $10.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 52% against revenue growth of 13%. The fastest-growing cost line was SG&A (+133%). Net earnings were $2.4M, down 76% year over year. The effective tax rate was 57.4%.
Operating cash flow was $17.7M (down 34% year over year), 581% of net income including minority interests. Non-cash charges added back $1.5M of share-based compensation. Working capital and other items added $13.2M. Capital expenditures of $1.1M left free cash flow of $16.6M.
Questions
What was Turning Point Brands' revenue in the fourth quarter 2024?
Turning Point Brands (TPB) reported revenue of $93.7M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +3% from the quarter before.
Was Turning Point Brands profitable in the fourth quarter 2024?
Operating profit was $17.9M (19.1% of revenue) and net earnings $2.4M.