{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-001321","form_type":"8-K","ticker":"TR","cik":"0000098677","company_name":"TOOTSIE ROLL INDUSTRIES INC","filed_at":"2023-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.701605+00:00","generated_at":"2026-06-19T12:51:58.736909+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Tootsie Roll Q4 net sales up 13% to $188.2M; FY sales +20% to $681.4M","bullets":["Q4 2022 net sales $188.2M (+13% YoY); net earnings $25.3M ($0.37 EPS) vs $20.0M ($0.29) in Q4 2021.","FY 2022 net sales $681.4M (+20% YoY); net earnings $75.9M ($1.10 EPS) vs $65.3M ($0.94) in FY 2021.","Higher input costs (ingredients, packaging, freight) partially offset sales gains; gross margins compressed.","Expect even higher input costs in 2023; price increases may not fully restore margins to historical levels.","Supply chain and labor shortages persisted; stock buybacks reduced shares outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-001321","json":"https://secwatch.observer/filing/0001558370-23-001321.json","markdown":"https://secwatch.observer/filing/0001558370-23-001321.md","text":"https://secwatch.observer/filing/0001558370-23-001321.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/98677/000155837023001321/0001558370-23-001321-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/98677/000155837023001321/tr-20230214x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T12:51:58.736909+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"26cb75ab36765a20f9eba0a1ab19b631a1fb2b28","claim":"TOOTSIE ROLL INDUSTRIES INC reported twelve months ended December 31, 2022 results: revenue $681,440,000, net income $75,937,000, EPS $1.10.","evidence_excerpt":"Twelve months 2022 net sales were $681,440,000 compared to $566,043,000 in twelve months 2021, an increase of $115,397,000 or 20%. Twelve months 2022 net earnings were $75,937,000 compared to $65,326,000 in twelve months 2021, and net earnings per share were $1.10 and $0.94 in twelve months 2022 and 2021, respectively, an increase of $0.16 per share or 17%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/98677/000155837023001321/0001558370-23-001321-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"twelve months ended December 31, 2022"},{"label":"Revenue","value":"$681,440,000"},{"label":"Net income","value":"$75,937,000"},{"label":"EPS","value":"$1.10"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"65ef4ff7d2c048dc291434c0cafccd31078d7f3f","claim":"TOOTSIE ROLL INDUSTRIES INC reported fourth quarter ended December 31, 2022 results: revenue $188,180,000, net income $25,344,000, EPS $0.37.","evidence_excerpt":"Fourth quarter 2022 net sales were $188,180,000 compared to $166,598,000 in fourth quarter 2021, an increase of $21,582,000 or 13%. Fourth quarter 2022 net earnings were $25,344,000 compared to $20,032,000 in fourth quarter 2021, and net earnings per share were $0.37 and $0.29 in fourth quarter 2022 and 2021, respectively, an increase of $0.08 per share or 28%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/98677/000155837023001321/0001558370-23-001321-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$188,180,000"},{"label":"Net income","value":"$25,344,000"},{"label":"EPS","value":"$0.37"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}