| Market Capitalization (Millions $) |
1,632 |
| Shares
Outstanding (Millions) |
20 |
| Employees |
1,127 |
| Revenues (TTM) (Millions $) |
506 |
| Net Income (TTM) (Millions $) |
60 |
| Cash Flow (TTM) (Millions $) |
83 |
| Capital Exp. (TTM) (Millions $) |
12 |
Business Description
Turning Point Brands Inc (TPB) is a consumer products company that specializes in manufacturing and marketing smokeless tobacco, smoking accessories, and lifestyle products in the United States. The company operates in three segments: Smokeless Products, Smoking Products, and NewGen Products.
The Smokeless Products segment primarily includes moist snuff, loose-leaf chewing tobacco, and dry snuff. Within this segment, TPB offers several brands, including Stokeres, Zig-Zag, and Beech-Nut. These products are primarily sold to distributors, wholesalers, and retailers, including convenience stores, grocery stores, and tobacco outlets.
The Smoking Products segment includes cigars, cigarillos, and little cigars. Within this segment, TPB offers brands such as Night Owl, Havana Honeys, and Old Whiskey River. These products are sold primarily to tobacco outlets and other specialty retailers.
The NewGen Products segment includes electronic vaping products and other non-combustible nicotine alternatives. This segment includes brands like VaporBeast and VaporFi, which offer a wide range of e-cigarettes, vaping devices, and e-liquids. This segment also includes other non-nicotine lifestyle products, such as CBD-infused products and hemp-derived products.
Turning Point Brands Inc has a strong distribution network that spans across the United States. The company operates from its headquarters in Louisville, Kentucky, and has regional offices in New York City, Los Angeles, and Manila. TPB employs over 1,000 people and generated $422 million in revenue in 2020.
TPB has a commitment to using sustainable practices in its operations and products. The company has an environmental policy that outlines its commitment to reducing its carbon footprint, promoting sustainable sourcing, and using eco-friendly packaging.
Overall, Turning Point Brands Inc is a well-established consumer products company that offers several popular brands in the smokeless tobacco, smoking accessories, and lifestyle products categories. The company has a strong distribution network and has shown a commitment to sustainability, making TPB a strong player in the industry.
Company Address: 5201 Interchange Way Louisville 40229 KY
Company Phone Number: 778-4421 Stock Exchange / Ticker: NYSE TPB
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50.4 %