Turning Point Brands Reports Preliminary Q4 Net Sales, Plans $300 Million Debt Offering

MT Newswires Live
02-11

Turning Point Brands (TPB) reported preliminary Q4 net sales of $93.1 million to $94.1 million.

Four analysts polled by FactSet expect $102.3 million.

The preliminary data showed adjusted EBITDA in the three months ended Dec. 31 will be $25.3 million to $26.3 million, Turning Point Brands said Monday in a regulatory filing.

Four analysts surveyed by FactSet project $23.9 million, if applicable.

The results will be released no later than March 15.

The company released the estimates in connection with its proposed private offering of $300 million of senior secured notes due 2032.

Proceeds will be used to redeem or refinance all of its existing notes and for general corporate purposes.

Price: 68.49, Change: +1.30, Percent Change: +1.93

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