Shares of Turning Point Brands (NYSE: TPB) surged 5.04% in premarket trading on Thursday, March 6, 2025, following the company's better-than-expected fourth-quarter earnings and an optimistic outlook for fiscal 2025.

The Louisville-based manufacturer of consumer products reported adjusted earnings per share of $0.98 for the quarter ended December 31, 2024, beating Wall Street's consensus estimate of $0.91. Although revenue of $93.7 million fell slightly short of analysts' expectations of $95.1 million, the company's strong bottom-line performance was cheered by investors.

Looking ahead, Turning Point Brands issued an upbeat guidance for fiscal 2025, projecting adjusted EBITDA in the range of $108 million to $113 million. The company also expects its Modern Oral segment, which includes alternative smoking accessories, to generate sales between $60 million and $80 million.

The positive earnings results and forward guidance suggest that Turning Point Brands is poised for continued growth, driven by robust demand for its core product lines and potential expansion into new markets. The company's ability to navigate macroeconomic challenges and capitalize on emerging consumer trends has bolstered investor confidence in its long-term prospects.