---
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"
generated_at: "2026-06-19T12:51:58.736909+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Tootsie Roll Q4 net sales up 13% to $188.2M; FY sales +20% to $681.4M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-001321
- JSON: https://secwatch.observer/filing/0001558370-23-001321.json
- Plain text: https://secwatch.observer/filing/0001558370-23-001321.txt

## Key facts
- Earnings Releases
  TOOTSIE ROLL INDUSTRIES INC reported twelve months ended December 31, 2022 results: revenue $681,440,000, net income $75,937,000, EPS $1.10.
  - Period: twelve months ended December 31, 2022
  - Revenue: $681,440,000
  - Net income: $75,937,000
  - EPS: $1.10
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/98677/000155837023001321/0001558370-23-001321-index.htm
- Earnings Releases
  TOOTSIE ROLL INDUSTRIES INC reported fourth quarter ended December 31, 2022 results: revenue $188,180,000, net income $25,344,000, EPS $0.37.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $188,180,000
  - Net income: $25,344,000
  - EPS: $0.37
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/98677/000155837023001321/0001558370-23-001321-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.