TPB Turning Point Brands

Turning Point Brands to Deliver Free Hand Sanitizer Bottles to Local Communities Through Nu-X Sanitizer Products

Turning Point Brands (NYSE:TPB) repurposed select manufacturing infrastructure to produce free hand sanitizer to communities in California, Kentucky and Tennessee. In what is being called Project Blue Horizon, Nu-X Ventures, a division of Turning Point Brands, is planning to leverage the company’s agile manufacturing resources to produce, deliver and supply thousands of bottles of free hand sanitizer over the next few weeks to local communities.

Nu-X distributed the first few thousand hand sanitizer bottles and bulk gallons this Tuesday in an emergency production run, to the UCLA Ronald Reagan Medical Center. “We saw an opportunity to contribute and help. We hope other companies with the capacity to do so will do the same,” said Lorenzo De Plano, Senior Director of Nu-X.

Turning Point Brands will have two vans delivering Nu-X products around the Los Angeles area every day until all available inventory is depleted. Turning Points brands is also looking for opportunities to provide needed materials to other organizations out of their Louisville, Kentucky, facility. Hospitals and elderly homes will have priority of hand sanitizer products. All hand sanitizer bottles produced will be under the brand Nu-X and will not be for resell purposes.

“Our company takes very seriously our role in providing support to the communities where we operate. We hope that through this action we can both help those impacted by the COVID-19 situation and inspire others to act,” said Larry Wexler, President and CEO of Turning Point Brands.

To request a delivery of hand sanitizer bottles to your address or location please follow the below link (limit of 10 bottles of 30ml hand sanitizer per household, while supplies last):

About Turning Point Brands, Inc.

Louisville, Kentucky-based Turning Point Brands, Inc. (NYSE: TPB) is a leading U.S. provider of Other Tobacco Products and adult consumer alternatives. TPB, through its focus brands generates solid cash flow which it uses to finance acquisitions, increase brand support and strengthen its capital structure. TPB does not sell cigarettes. More information about the company is available at its corporate website, .

EN
25/03/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Turning Point Brands

 PRESS RELEASE

Turning Point Brands Announces Fourth Quarter and Full Year 2024 Resul...

LOUISVILLE, Ky.--(BUSINESS WIRE)-- . (“TPB” or “the Company”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients, today announced financial results for the fourth quarter and full year ended December 31, 2024. Q4 2024 vs. Q4 2023 Total consolidated net sales increased 12.8% to $93.7 million Zig-Zag Product Segment net sales increased 1.8% Stoker’s Product Segment net sales increased 25.8% Gross profit increased 10.6% to $52.4 million Adjusted EBITDA increased 5.3% to ...

 PRESS RELEASE

Turning Point Brands Increases Common Stock Dividend

LOUISVILLE, Ky.--(BUSINESS WIRE)-- The Board of Directors of Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, declared a regular quarterly dividend of $0.075 per common share. This is a 7% increase over the regular quarter dividend declared in November 2024. The dividend is payable on April 11, 2025, to shareholders of record on the close of business on March 21, 2025. About Turning Point Brands, Inc. Turning Point Brands (NYSE: TPB) is a m...

Turning Point Brands, Inc.: Update to credit analysis following affirm...

Our credit view of Turning Point reflects its small revenue scale and high exposure to regulatory and secular risks related to tobacco offset by its good cash flow and very good liquidity.

 PRESS RELEASE

Turning Point Brands to Host Q4 and Fiscal Year 2024 Conference Call

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Turning Point Brands, Inc. (NYSE: TPB) announced the date and time for its conference call to review fourth quarter and fiscal year 2024 results. The conference call will be on Thursday, March 6, 2024 at 10:00 a.m. Eastern. Interested analysts and professional investors can register and participate through one of these call-in numbers: (800) 715-9871 (U.S., toll-free) (646) 307-1963 (International) Event ID: 6640134 Participants should dial in at least 10 minutes in advance and follow the audio prompts after typing in the Event ID. The call will also be br...

Moody's Ratings affirms Turning Point's B1 CFR, assigns B1 to new note...

Moody's Ratings (Moody's) affirmed Turning Point Brands, Inc.'s ("Turning Point") B1 Corporate Family Rating ("CFR"), B1-PD Probability of Default Rating ("PDR") and B1 rating on the company's existing senior secured notes. We assigned a B1 rating to the new proposed senior secured notes due 2032. W...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch