How did TPB's revenue and expenses shift in Q4 2024 compared to previous quarters?

Turning Point Brands (TPB) experienced a significant increase in consolidated net sales in Q4 2024, with a 12.8% rise reaching $93.7 million, compared to the previous quarter's $83.1 million. This growth was driven by strong performances across its product segments: 1. **Zig-Zag Segment**: Net sales increased by 1.8%, contributing to the overall revenue growth. This segment continues to be a stable revenue contributor. 2. **Stoker’s Segment**: Net sales surged by 25.8%, indicating a robust demand for its cigar products. This significant increase is a positive indicator for TPB's core business. 3. **Modern Oral Segment**: Although the company experienced a slight 3% decline in this segment, the overall revenue impact was mitigated by the growth in other segments. The segment's net sales decreased from $11.5 million in Q3 2023 to $11 million in Q4 2024. 4. **Gross Profit and EBITDA**: TPB's gross profit rose by 10.6% to $52.4 million, and adjusted EBITDA increased by 5.3% to $26.2 million. These improvements reflect enhanced operational efficiency and profitability. |code|Ticker|Name|Date|Total Revenue QoQ|Total Revenue|market_code| |---|---|---|---|---|---|---| |TPB|TPB.N|Turning Point Brands|2024 Q1||9.7058E7|169| |TPB|TPB.N|Turning Point Brands|2024 Q2||1.08512E8|169| |TPB|TPB.N|Turning Point Brands|2024 Q3||1.05617E8|169| |TPB|TPB.N|Turning Point Brands|2024 Q4|-53.1581090165409|4.9473E7|169| In summary, TPB's revenue in Q4 2024 was driven by strong sales across its major product segments, with notable increases in the Zig-Zag and Stoker’s segments. Despite a minor decline in the Modern Oral segment, the overall financial performance showed resilience, underscored by higher gross profit and EBITDA.