Tootsie Roll Q3 net sales up 17% to $248.3M; EPS rises to $0.49 from $0.37

TOOTSIE ROLL INDUSTRIES INC

Q3 net sales $248.3M (+17% YoY); net earnings $34.4M (+29%); EPS $0.49 vs $0.37.
Nine-month net sales $567.9M (+15%); net earnings $62.5M (+23.6%); EPS $0.89 vs $0.71.
Higher input costs for ingredients/packaging partially offset sales gains; price increases phased in.
Earlier pre-Halloween timing expected to adversely affect Q4 2023 sales and earnings vs Q4 2022.
Share repurchases reduced shares outstanding, providing EPS benefit.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TOOTSIE ROLL INDUSTRIES INC reported nine months ended September 30, 2023 results: revenue $567,884,000, net income $62,509,000, EPS $0.89.

Period: nine months ended September 30, 2023
Revenue: $567,884,000
Net income: $62,509,000
EPS: $0.89
Result: reported results

Exact text from the filing

Nine months 2023 net sales were $567,884,000 compared to $493,260,000 in nine months 2022, an increase of $74,624,000 or 15%. Nine months 2023 net earnings were $62,509,000 compared to $50,593,000 in nine months 2022, and net earnings per share were $0.89 and $0.71 in nine months 2023 and 2022, respectively, an increase of $0.18 per share or 25%.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TOOTSIE ROLL INDUSTRIES INC reported the third quarter ended September 30, 2023 results: revenue $248,336,000, net income $34,382,000, EPS $0.49.

Period: the third quarter ended September 30, 2023
Revenue: $248,336,000
Net income: $34,382,000
EPS: $0.49
Result: reported results

Exact text from the filing

Third quarter 2023 net sales were $248,336,000 compared to $211,888,000 in third quarter 2022, an increase of $36,448,000 or 17%. Third quarter 2023 net earnings were $34,382,000 compared to $26,577,000 in third quarter 2022, and net earnings per share were $0.49 and $0.37 in third quarter 2023 and 2022, respectively, an increase of $0.12 per share or 32%.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

TOOTSIE ROLL INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001558370-23-016791

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.