---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-001338"
form_type: "8-K"
ticker: "TR"
cik: "0000098677"
company_name: "TOOTSIE ROLL INDUSTRIES INC"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:45:05.105195+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-001338
- form_type: 8-K
- ticker: TR
- cik: 0000098677
- company_name: TOOTSIE ROLL INDUSTRIES INC
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/98677/000155837024001338/0001558370-24-001338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98677/000155837024001338/tr-20240216x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001338
- JSON: https://secwatch.observer/filing/0001558370-24-001338.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001338.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/98677/000155837024001338/0001558370-24-001338-index.htm

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