Tootsie Roll Q4 net sales up 4% to $195M; FY 2023 EPS $1.32 (+23%)

TOOTSIE ROLL INDUSTRIES INC

Q4 net sales $195.4M (+4% YoY); net earnings $29.4M ($0.42 EPS vs $0.36).
FY 2023 net sales $763.3M (+12% YoY); net earnings $91.9M ($1.32 EPS vs $1.07, +23%).
Significant input cost increases in 2023 offset by price hikes; margins not yet at historical levels.
Supply chain improved in 2023; company expects continued improvement in 2024.
Share buybacks reduced outstanding shares, benefiting EPS.

item 2.02 item 9.01

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 financial results for the fourth quarter ended December 31, 2023.

Period: the fourth quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On February 16, 2024, Tootsie Roll Industries, Inc. issued a press release (the "release") announcing its results of operations and financial condition for the fourth quarter ended December 31, 2023.

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

TOOTSIE ROLL INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001558370-24-001338

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