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.