Turning point brands posts q2 eps of $0.47

Turning point brands announces second quarter 2020 results, increases 2020 guidance.q2 sales $105 million versus refinitiv ibes estimate of $95.4 million.q2 earnings per share $0.47.sees q3 2020 sales $90 million to $95 million.sees fy 2020 sales $370 million to $382 million.supply chain has remained operational other than a brief shutdown at our third-party manufacturer for myo cigar wraps.continue to monitor for additional disruptions due to covid-19.experienced some temporary benefits during q2 in newgen segment.expect volatility around vape distribution business in second half of year.project 2020 adjusted ebitda of $78 million to $83 million.capital expenditures for 2020 are anticipated to be approximately $4 to $6 million.
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