Recent Updates — TPB

Turning Point Brands announced that Graham Purdy resigned as President and CEO on September 21, 2026, effective September 30, for personal reasons. The Board appointed Executive Chairman David E. Glazek as the new CEO effective October 1, 2026. Concurrently, the company reaffirmed its full-year 2026 Modern Oral gross sales guidance of $330 million to $350 million and net sales guidance of $260 million to $270 million. It also tightened EBITDA guidance to $70 million–$80 million from $70 million–$90 million, citing no margin benefit from onshoring until 2027 and higher freight costs. Turning Point Brands manufactures, markets, and distributes branded consumer products including alternative smoking accessories and consumables.

Turning Point Brands reported second quarter 2026 results with total consolidated net sales increasing 22.6% to $142.9 million, driven by a 54.5% surge in its Stoker's segment and a 128% increase in Modern Oral net sales to $68.4 million. Net income attributable to the company decreased 75.2% to $3.6 million (diluted EPS of $0.18), while Adjusted EBITDA fell 50.0% to $15.2 million due to strategic sales and marketing investments. The company raised its full-year Modern Oral guidance, projecting gross sales of $330-$350 million and net sales of $260-$270 million. As of June 30, 2026, the firm held $268.3 million in cash and total liquidity of $339.0 million. Turning Point Brands is a manufacturer, marketer, and distributor of branded consumer products including alternative smoking accessories and consumables.