Turning Point Brands reaffirms 2026 adjusted EBITDA forecast of $70 million-$80 million
TPB•Turning Point Brands reaffirmed its 2026 adjusted EBITDA forecast of $70 million to $80 million. Third-quarter revenue rose 27% to $151.1 million, while adjusted EBITDA fell 41.3% to $18.4 million.
1. Guidance and third-quarter results
Turning Point Brands reaffirmed its 2026 adjusted EBITDA guidance of $70 million to $80 million, unchanged from its September 21, 2026 update. Its Modern Oral forecasts remain $330 million to $350 million in gross sales and $260 million to $270 million in net sales. Third-quarter consolidated net revenue rose 27% to $151.1 million, primarily driven by Modern Oral growth, while adjusted EBITDA fell 41.3% to $18.4 million as the company continued investing in strategic sales and marketing initiatives.
