{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-006760","form_type":"8-K","ticker":"TR","cik":"0000098677","company_name":"TOOTSIE ROLL INDUSTRIES INC","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.986265+00:00","generated_at":"2026-06-16T15:14:08.484146+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Tootsie Roll Q1 net sales up 15% to $160.7M; EPS $0.19 vs $0.17; input costs pressure margins","bullets":["Net sales $160.7M (+15% YoY); net earnings $13.4M (+11.4%); EPS $0.19 vs $0.17.","Higher input costs (ingredients, packaging, repairs) significantly offset sales gains; margins not restored to historical levels.","Supply contracts expired end of 2022; new agreements at higher prices effective Q1 2023; spot purchases at substantially higher costs.","Price increases phased in from H2 2021 into 2023; company mindful of limits on passing through all higher costs.","Supply chain improved but labor shortages persist; stock buybacks reduced shares outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-006760","json":"https://secwatch.observer/filing/0001558370-23-006760.json","markdown":"https://secwatch.observer/filing/0001558370-23-006760.md","text":"https://secwatch.observer/filing/0001558370-23-006760.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/98677/000155837023006760/0001558370-23-006760-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/98677/000155837023006760/tr-20230425x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T15:14:08.484146+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":"c2bac72f1bf1fa9e42be53513991ec8536e6afc0","claim":"TOOTSIE ROLL INDUSTRIES INC reported first quarter ended March 31, 2023 results: revenue $160,711,000, net income $13,401,000, EPS $0.19.","evidence_excerpt":"First quarter 2023 net sales were $160,711,000 compared to $139,291,000 in first quarter 2022, an increase of $21,420,000 or 15%. First quarter 2023 net earnings were $13,401,000 compared to $12,027,000 in first quarter 2022, and net earnings per share were $0.19 and $0.17 in first quarter 2023 and 2022, respectively, an increase of $0.02 per share or 12%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/98677/000155837023006760/0001558370-23-006760-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$160,711,000"},{"label":"Net income","value":"$13,401,000"},{"label":"EPS","value":"$0.19"},{"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"}