Exhibit 99.1 Turning Point Brands Announces First Quarter 2024 Results -Q1 2024 Adjusted EBITDA of $25.3 million, up 22% over prior year - Net Sales for Q1 2024 Zig-Zag and Stoker's Products Increased 10% Year-Over-Year -Company reaf irms full-year 2024 adjusted EBITDA guidance of $95 to $100 million. LOUISVILLE, KY – May 2, 2024 – Turning Point Brands, Inc. ("TPB" or "the Company") (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories ...

× | NYSE: TPB | 5201 INTERCHANGE WAY, LOUISVILLE KY | TURNINGPOINTBRANDS.COM | FORWARD LOOKING STATEMENTS NON-GAAP RECONCILIATION × TURNING POINT™ B R A S N D Q4 2023 | N Y S E : T P B | 5 2 0 1 I N T E R C H A N G E W A Y , L O U I S V I L L E K Y | T U R N I N G P O I N T B R A N D S . C O M | This presentation includes industry and market data derived from internal analyses based upon publicly available data or proprietary research and analysis, surveys or studies conducted by third parties and industry ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______________ to ________________ Commission file number: 001-37763 TURNING POINT BRANDS, INC. (Exact name of registrant as specified in its charter) (State or ot ...

Turning Point Brands, Inc. (NYSE:TPB) Q4 2023 Earnings Conference Call February 28, 2024 10:00 AM ET Company Participants Louie Reformina – Chief Financial Officer Graham Purdy – President and CEO Summer Frein – Chief Revenue Officer Conference Call Participants Scott Fortune – Roth MKM Michael Legg – Benchmark Eric Des Lauriers – Craig-Hallum Capital Group Operator Ladies and gentlemen, good morning, and welcome to the Turning Point Brands' Fourth Quarter 2023 Earnings Conference Call. All participants wil ...

Exhibit 99.1 Turning Point Brands Announces Fourth Quarter and Full Year 2023 Results -Net Sales for Q4 2023 Zig-Zag and Stoker's Products Increased 5.9 Percent Year-Over-Year -Adjusted EBITDA for Q4 2023 of $24.8 Million Increased 7.5 Percent Year-Over-Year -FY 2023 Free Cash Flow of $61.2 Million LOUISVILLE, KY – February 28, 2024 – Turning Point Brands, Inc. ("TPB" or "the Company") (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessori ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Securities registered pursuant to Section 12(b) of the Act: Commission file number: 001-37763 TURNING POINT BRANDS, INC ...

Turning Point Brands, Inc. (NYSE:TPB) Q3 2023 Results Conference Call November 8, 2023 10:00 AM ET Company Participants Louie Reformina - CFO Graham Purdy - President and CEO Summer Frein - Chief Revenue Officer Conference Call Participants Vivien Azer - TD Cowen Michael Legg - The Benchmark Company Eric Des Lauriers - Craig-Hallum Operator Good morning, and welcome to the Turning Point Brands' Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I ...

Pont Pont Brands (NSE: T TURNING POINT™ B R A S N D × INVESTOR PRESENTATION Q2 2023 | NYSE: TPB | 5201 INTERCHANGE WAY, LOUISVILLE KY | TURNINGPOINTBRANDS.COM | 1 | N Y S E : T P B | 5 2 0 1 I N T E R C H A N G E W A Y , L O U I S V I L L E K Y | T U R N I N G P O I N T B R A N D S . C O M | FORWARD LOOKING STATEMENTS DisclaimerTurning Point Brands (NYSE: TPB) This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may generally be ...

Financial Data and Key Metrics Changes - Q2 2023 sales increased by 2.6% to $105.6 million, with adjusted EBITDA rising by 2.2% year-over-year to $25.3 million [14][15] - Adjusted gross margin decreased by 30 basis points to 49.7% due to segment and product mix [14] - The company raised its annual EBITDA guidance to $90 million to $95 million from a previous outlook of $88 million to $94 million [4][18] Business Line Data and Key Metrics Changes - Zig-Zag sales increased by 1.1% year-over-year to $46.7 million, with strong growth in e-commerce, particularly B2B alternative sales, which grew double-digits [14][15] - Stoker's products net sales rose by 7.3% to $36.1 million, with a 0.7% volume increase and a 6.6% price mix increase [15] - The modern oral product FRE showed positive consumer feedback and results in recent test markets, indicating optimism for future growth [8][24] Market Data and Key Metrics Changes - The alternative channel is expanding due to more states legalizing medical and recreational cannabis, contributing to a 30% increase in Zig-Zag B2B e-commerce sales [6][7] - Stoker's market share in the MST category grew by 60 basis points year-over-year to 6.9%, with the brand becoming the number one manufacturer of loose leaf products for the first time [7][15] Company Strategy and Development Direction - The company is focused on solidifying Zig-Zag as a lifestyle brand, particularly in the expanding alternative channel [9][10] - Partnerships with top multi-state dispensary operators are aimed at increasing in-store presence and brand awareness [10][11] - The company is committed to optimizing its capital structure and has repurchased $15.1 million of convertible notes during the quarter [8][17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from prolonged inflation and higher interest rates but expressed confidence in the strength of the Zig-Zag brand and market demand [4][5] - The company expects continued sequential improvement in Zig-Zag sales in Q3 and beyond, despite some inventory adjustments from wholesale customers [21][22] Other Important Information - The company plans to spend $12 million to $15 million on capitalized software implementation costs related to ERP and CRM systems, expected to be completed by the end of the year [18] - The company maintains a strong cash balance of $100.5 million and $124.1 million of available liquidity, providing flexibility for future capital deployment [17] Q&A Session Summary Question: Can you quantify potential inventory headwinds for Zig-Zag in the upcoming quarters? - Management indicated that they expect sequential improvement in Q3, despite some inventory adjustments still being observed [21] Question: How is the gross margin progression for Zig-Zag? - Management noted that the gross margin improved in Q2 due to a rebound in higher-margin products, but future growth may face headwinds from lower-margin products [22][23] Question: What insights can you provide on the competitive landscape in MST? - Management highlighted that the value category continues to perform well, while premium brands are struggling, indicating a favorable environment for Stoker's [25][26] Question: Can you discuss the penetration and growth potential for CLIPPER? - Management stated that distribution is expanding, and they are optimistic about growth in both traditional and alternative markets [30] Question: What is the marketing strategy for new products like CLIPPER and FRE? - The marketing approach includes traditional in-store promotions and online engagement through social media channels [46][47] Question: How does the company test new products in the market? - Management explained that they utilize e-commerce channels to test products and gauge consumer interest before wider distribution [42][43]

PART I—FINANCIAL INFORMATION [Financial Statements (Unaudited)](index=5&type=section&id=ITEM%201%20Financial%20Statements%20(Unaudited)) This section presents the unaudited consolidated financial statements for Turning Point Brands, Inc. as of June 30, 2023, and for the three and six-month periods then ended, compared to the prior year. For the six months ended June 30, 2023, the company reported net sales of **$206.6 million** and net income of **$17.1 million**. Total assets decreased slightly to **$559.7 million** from **$572.1 million** at year-end 2022, while total liabilities also decreased, leading to an increase in stockholders' equity to **$129.2 million** Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Current Assets** | $251,699 | $257,654 | | **Total Assets** | $559,674 | $572,106 | | **Total Current Liabilities** | $41,705 | $41,376 | | **Total Liabilities** | $430,428 | $458,726 | | **Total Stockholders' Equity** | $129,246 | $113,380 | Consolidated Income Statement Highlights (in thousands, except per share data) | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $105,595 | $102,925 | $206,551 | $203,819 | | **Gross Profit** | $52,478 | $51,469 | $101,095 | $103,263 | | **Operating Income** | $20,545 | $18,146 | $38,387 | $37,375 | | **Consolidated Net Income** | $9,708 | $5,206 | $17,050 | $15,977 | | **Diluted EPS** | $0.53 | $0.30 | $0.94 | $0.86 | Consolidated Cash Flow Highlights (Six Months Ended June 30, in thousands) | Cash Flow Activity | 2023 | 2022 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $27,533 | $7,149 | | **Net cash used in investing activities** | $(2,990) | $(15,709) | | **Net cash used in financing activities** | $(30,431) | $(22,507) | | **Net decrease in cash** | $(5,888) | $(31,067) | [Notes to Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Provides detailed explanations of the accounting policies and financial data presented in the consolidated financial statements, including three operating segments, FDA regulatory risks, **$379.2 million** in long-term debt, a proposed **$5.0 million** legal settlement, and segment performance breakdowns - The company operates in three segments: (i) Zig-Zag Products, (ii) Stoker's Products, and (iii) Creative Distribution Solutions. Its products are available in over **217,000 retail outlets** in North America[25](index=25&type=chunk) - The company faces significant regulation from the FDA, which now has jurisdiction over tobacco-derived and non-tobacco nicotine products. The company has submitted Premarket Tobacco Applications (PMTAs) for certain products to remain on the market, but there is no guarantee of approval[46](index=46&type=chunk)[47](index=47&type=chunk)[48](index=48&type=chunk) - The company has discontinued product lines covered by the Master Settlement Agreement (MSA) and is not required to make future escrow deposits. As of June 30, 2023, the fair value of funds in the MSA escrow account was **$28.2 million**[39](index=39&type=chunk) - In Q2 2023, the company recorded an impairment loss of **$3.8 million** on its investment in Docklight Brands, bringing the fair value to zero. This followed a **$4.9 million** impairment in Q1 2023[70](index=70&type=chunk) - A proposed settlement was reached in a stockholder lawsuit, where defendants' insurers will pay **$5.0 million** into an escrow account. After legal fees (up to **$1.5 million**), the remaining funds will be paid to the company. The settlement is subject to court approval[113](index=113&type=chunk) Segment Net Sales (in thousands) | Segment | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Zig-Zag products | $46,722 | $46,226 | $88,609 | $91,898 | | Stoker's products | $36,056 | $33,588 | $69,718 | $65,291 | | Creative Distribution Solutions | $22,817 | $23,111 | $48,224 | $46,630 | | **Total** | **$105,595** | **$102,925** | **$206,551** | **$203,819** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=37&type=section&id=Item%202%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance for the three and six months ended June 30, 2023, covering segment results, non-GAAP measures, liquidity, capital resources, and debt, noting modest net sales increase and adequate liquidity [Results of Operations](index=39&type=section&id=Results%20of%20Operations) For Q2 2023, consolidated net sales increased **2.6%** YoY to **$105.6 million**, driven by **7.3%** growth in Stoker's Products, with net income rising **83.0%** to **$9.9 million**; H1 2023 net sales increased **1.3%** to **$206.6 million**, with net income up **6.7%** to **$17.5 million** Q2 2023 vs Q2 2022 Segment Performance (in thousands) | Segment | Net Sales Q2 2023 | Net Sales Q2 2022 | % Change | Gross Profit Q2 2023 | Gross Profit Q2 2022 | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Zig-Zag products | $46,722 | $46,226 | 1.1% | $26,422 | $26,430 | 0.0% | | Stoker's products | $36,056 | $33,588 | 7.3% | $19,968 | $18,079 | 10.4% | | Creative Distribution Solutions | $22,817 | $23,111 | -1.3% | $6,088 | $6,960 | -12.5% | H1 2023 vs H1 2022 Segment Performance (in thousands) | Segment | Net Sales H1 2023 | Net Sales H1 2022 | % Change | Gross Profit H1 2023 | Gross Profit H1 2022 | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Zig-Zag products | $88,609 | $91,898 | -3.6% | $48,812 | $52,773 | -7.5% | | Stoker's products | $69,718 | $65,291 | 6.8% | $39,433 | $35,765 | 10.3% | | Creative Distribution Solutions | $48,224 | $46,630 | 3.4% | $12,850 | $14,725 | -12.7% | - Selling, general, and administrative (SG&A) expenses decreased **4.8%** to **$62.7 million** in H1 2023, primarily due to lower expenses related to PMTA applications, corporate restructuring, and ERP/CRM system scoping compared to the prior year[179](index=179&type=chunk) - Investment loss for H1 2023 was **$8.9 million**, an increase from **$6.1 million** in H1 2022. The 2023 loss was driven by a **$6.5 million** impairment charge on the company's investment in Docklight[181](index=181&type=chunk) [EBITDA and Adjusted EBITDA](index=43&type=section&id=EBITDA%20and%20Adjusted%20EBITDA) The company uses non-GAAP measures EBITDA and Adjusted EBITDA to evaluate operating performance, with Q2 2023 Adjusted EBITDA at **$25.3 million** and H1 2023 at **$46.1 million**, adjusted for items like stock-based compensation (**$2.8M** in H1), FDA PMTA costs (**$0.8M** in H1), and non-cash asset impairments (**$9.0M** in H1) Reconciliation of Net Income to Adjusted EBITDA (in thousands) | Metric | Three Months Ended June 30, 2023 | Six Months Ended June 30, 2023 | | :--- | :--- | :--- | | Net income attributable to TPB, Inc. | $9,925 | $17,522 | | EBITDA | $18,212 | $33,057 | | **Adjusted EBITDA** | **$25,279** | **$46,064** | [Liquidity and Capital Resources](index=44&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2023, the company had **$100.5 million** in cash and **$23.6 million** available under its revolving credit facility, with net cash from operations significantly increasing to **$27.5 million** for H1 2023, indicating adequate liquidity for upcoming obligations - As of June 30, 2023, the company had **$100.5 million** of cash on hand and **$23.6 million** of availability under its 2021 Revolving Credit Facility[194](index=194&type=chunk) - Net cash provided by operating activities increased by **$20.4 million** to **$27.5 million** for the six months ended June 30, 2023, compared to the same period in 2022, primarily due to timing of changes in inventory and other working capital[197](index=197&type=chunk) - Net cash used in financing activities was **$30.4 million** for H1 2023, mainly due to **$27.4 million** in repurchases of Convertible Senior Notes. This compares to **$22.5 million** used in H1 2022, which included **$19.4 million** in common stock repurchases[199](index=199&type=chunk) - A dividend of **$0.065 per common share** was paid on July 7, 2023. The company has **$27.2 million** remaining available under its share repurchase program as of June 30, 2023[200](index=200&type=chunk)[201](index=201&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=48&type=section&id=Item%203%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This section states there have been no material changes in the company's exposure to market risks, including foreign currency, credit, and interest rate risks, since the 2022 Annual Report, with fixed-rate debt mitigating interest rate changes - There have been no material changes in exposure to foreign currency fluctuation risk or credit risk during the first six months of 2023[225](index=225&type=chunk)[226](index=226&type=chunk) - The company's Senior Secured Notes and Convertible Senior Notes bear interest at fixed rates, minimizing financial statement risk associated with changes in interest rates[227](index=227&type=chunk) [Controls and Procedures](index=48&type=section&id=Item%204%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were not effective as of June 30, 2023, due to previously disclosed material weaknesses in IT general controls and risk assessment processes, with ongoing remediation efforts including new hires and ERP system implementation - Management concluded that disclosure controls and procedures are not effective as of June 30, 2023, due to material weaknesses in internal controls over financial reporting disclosed in the 2022 Form 10-K[228](index=228&type=chunk) - The material weaknesses relate to IT general controls (user access, program change-management) and the risk assessment component of the internal control framework (segregation of duties)[229](index=229&type=chunk) - Remediation efforts are in progress, including hiring experienced accounting and internal control specialists, redesigning key controls, and implementing a new enterprise resource planning (ERP) system[231](index=231&type=chunk) PART II—OTHER INFORMATION [Legal Proceedings](index=49&type=section&id=Item%201%20Legal%20Proceedings) This section details a proposed settlement for a stockholder lawsuit filed in 2020 concerning the merger with Standard Diversified, Inc. (SDI), involving a **$5.0 million** payment from defendants' insurers, with the remainder paid to the company after legal fees, pending court approval on November 9, 2023 - The company has reached a proposed settlement in the Paul-Emile Berteau stockholder lawsuit related to the 2020 merger with SDI[234](index=234&type=chunk) - The settlement terms include a **$5.0 million** payment by the defendants' insurers. Plaintiff's counsel will seek up to **$1.5 million** in fees and expenses from this amount, with the remainder paid to the company[235](index=235&type=chunk) - The proposed settlement is subject to court approval, with a hearing scheduled for November 9, 2023. The financial impact to the company is not expected to be material[235](index=235&type=chunk) [Risk Factors](index=49&type=page&id=Item%201A%20Risk%20Factors) The company states that there have been no material changes to the risk factors previously disclosed in its 2022 Annual Report on Form 10-K - There have been no material changes to the Risk Factors set forth in the 2022 Annual Report on Form 10-K[238](index=238&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=50&type=section&id=Item%202%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company discusses its share repurchase program, with **$27.2 million** remaining available as of June 30, 2023, noting no shares were repurchased under the public program during Q2 2023, but **4,431 shares** were acquired for tax withholding obligations - As of June 30, 2023, approximately **$27.2 million** remains available for share repurchases under the company's authorized program[141](index=141&type=chunk) Share Repurchase Activity for Quarter Ended June 30, 2023 | Period | Total Shares Purchased | Average Price Paid per Share | Shares Purchased as Part of Publicly Announced Program | | :--- | :--- | :--- | :--- | | April 1 to April 30 | 4,431 | $23.65 | - | | May 1 to May 31 | - | - | - | | June 1 to June 30 | - | - | - | | **Total** | **4,431** | | **-** | - The **4,431 shares** purchased were withheld by the company to cover statutory withholding taxes for holders of vested stock-based awards and were not part of the publicly announced repurchase program[242](index=242&type=chunk)