secwatch.observer — SEC 8-K summary
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Issuer:     TOOTSIE ROLL INDUSTRIES INC (TR)
CIK:        0000098677
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001558370-24-001338
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98677/000155837024001338/0001558370-24-001338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98677/000155837024001338/tr-20240216x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001338

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