---
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"
generated_at: "2026-06-16T15:14:08.484146+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tootsie Roll Q1 net sales up 15% to $160.7M; EPS $0.19 vs $0.17; input costs pressure margins

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006760
- JSON: https://secwatch.observer/filing/0001558370-23-006760.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006760.txt

## Key facts
- Earnings Releases
  TOOTSIE ROLL INDUSTRIES INC reported first quarter ended March 31, 2023 results: revenue $160,711,000, net income $13,401,000, EPS $0.19.
  - Period: first quarter ended March 31, 2023
  - Revenue: $160,711,000
  - Net income: $13,401,000
  - EPS: $0.19
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/98677/000155837023006760/0001558370-23-006760-index.htm

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