Turning Point Brands, Inc. (TPB) Q2 2023 Earnings Call Transcript


Turning Point Brands, Inc. (NYSE:TPB) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET

Company Participants

Louie Reformina – CFO

Graham Purdy – 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’ Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. All lines have been placed on mute to prevent any background noise. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. Please note that this event is being recorded.

I would now like to turn the conference over to Louie Reformina, Chief Financial Officer. Please go ahead.

Louie Reformina

Thank you. Good morning, everyone. This is Louie Reformina, Chief Financial Officer. Joining me are Turning Point Brands’ President and CEO, Graham Purdy; and Chief Revenue Officer, Summer Frein. This morning, we issued the news release covering our second quarter results. This release is located in the IR section of our website, www.turningtpointbrands.com. During this call, we will discuss our consolidated and segment operating results and provide a perspective on the operating environment and our progress against the strategic plan.

As discussed, may I direct your attention to the discussion of forward-looking and cautionary statements in today’s press release and the risk factors in our filings with the SEC. On the call today, we will reference certain non-GAAP financial measures. These measures and reconciliations to GAAP can be found in today’s earnings release, along with reasons why management believes that they provide useful information.

I will now turn the call over to our CEO, Graham Purdy.

Graham Purdy

Thanks, Louie. Good morning, everyone, and thank you for joining our call. Our second quarter results demonstrated continued progress against



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