Turning Point Brands Announces Third Quarter 2020 Results, Increases 2020 Guidance

LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands, Inc. (“TPB”) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products with active ingredients, today announced financial results for the third quarter ended September 30, 2020. Results at a Glance Third Quarter 2020 (Comparisons vs. same period year-ago) Net sales increased 7.6% to $104.2 million; Gross profit increased 12.8% to $48.3 million; Net income increased $1.5 million to $7.8 million despite PMTA costs in