Note 23 - Selected Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2024

(Per-share amounts in dollars)	*First Quarter*						*Second Quarter*						*Third Quarter*						*Fourth Quarter*
	*2024*			*2023*			*2024*			*2023*			*2024*			*2023*			*2024*			*2023*
Net sales	$	83,064		$	75,549		$	93,225		$	82,778		$	90,704		$	83,670		$	93,667		$	83,067
Gross profit	$	48,354		$	41,855		$	50,398		$	46,390		$	50,395		$	47,317		$	52,418		$	47,380
Operating income	$	19,270		$	17,581		$	22,872		$	20,085		$	20,805		$	20,697		$	17,885		$	24,597
Income from continuing operations	$	12,181		$	7,147		$	12,961		$	9,363		$	12,525		$	11,211		$	10,360		$	10,345
(Loss) Income from discontinued operations, net of tax	$	(2	)	$	195		$	(41	)	$	345		$	(165	)	$	(345	)	$	(7,309	)	$	(480	)
Net income	$	12,179		$	7,342		$	12,920		$	9,708		$	12,360		$	10,866		$	3,051		$	9,865
Net income (loss) attributable to non-controlling interests	$	169		$	(255	)	$	(87	)	$	(217	)	$	(16	)	$	35		$	635		$	(244	)
Net Income attributable to Turning Point Brands, Inc.	$	12,010		$	7,597		$	13,007		$	9,925		$	12,376		$	10,831		$	2,416		$	10,109

Net Earnings per share
Basic
Continuing operations	$	0.68		$	0.42		$	0.74		$	0.54		$	0.71		$	0.64		$	0.55		$	0.60
Discontinued operations		(0.00	)		0.01			(0.00	)		0.02			(0.01	)		(0.02	)		(0.41	)		(0.03	)
Basic earnings per share	$	0.68		$	0.43		$	0.74		$	0.56		$	0.70		$	0.62		$	0.14		$	0.57

Diluted
Continuing operations	$	0.63		$	0.40		$	0.68		$	0.51		$	0.69		$	0.59		$	0.53		$	0.56
Discontinued operations		(0.00	)		0.01			(0.00	)		0.02			(0.01	)		(0.01	)		(0.40	)		(0.03	)
Diluted earnings per share	$	0.63		$	0.41		$	0.68		$	0.53		$	0.68		$	0.58		$	0.13		$	0.53

The amounts presented in the table above are computed independently for each quarter. As a result, their sum may not equal the total year amounts.

Turning Point Brands, Inc. 10-K