{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-005692","form_type":"8-K","ticker":"TR","cik":"0000098677","company_name":"TOOTSIE ROLL INDUSTRIES INC","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.599373+00:00","generated_at":"2026-06-03T09:08:57.702463+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Tootsie Roll Q1 net sales down 6% to $151.5M; EPS rises 16% to $0.22","bullets":["Net earnings of $15.8M ($0.22 EPS) vs $13.4M ($0.19 EPS) in Q1 2023, a 16% increase.","Net sales fell 6% to $151.5M; management cites customer inventory adjustments and seasonal timing.","Price realization and plant efficiencies boosted gross profit; higher cocoa/chocolate costs expected to pressure margins in 2024-2025.","Effective tax rate dropped to 21.4% from 23.8% due to lower state income taxes.","Share repurchases over past 12 months reduced outstanding shares, benefiting EPS."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-005692","json":"https://secwatch.observer/filing/0001558370-24-005692.json","markdown":"https://secwatch.observer/filing/0001558370-24-005692.md","text":"https://secwatch.observer/filing/0001558370-24-005692.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/98677/000155837024005692/0001558370-24-005692-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/98677/000155837024005692/tr-20240424x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T09:08:57.702463+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"55dfa968a872c707c06f28a35e5edb8d81d9fdc7","claim":"TOOTSIE ROLL INDUSTRIES INC reported first quarter ended March 31, 2024 results: revenue $151,464,000, net income $15,834,000, EPS $0.22.","evidence_excerpt":"First quarter 2024 net sales were $151,464,000 compared to $160,711,000 in first quarter 2023, a decrease of $9,247,000 or 6%. First quarter 2024 net earnings were $15,834,000 compared to $13,401,000 in first quarter 2023, and net earnings per share were $0.22 and $0.19 in first quarter 2024 and 2023, respectively, an increase of $0.03 per share or 16%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/98677/000155837024005692/0001558370-24-005692-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$151,464,000"},{"label":"Net income","value":"$15,834,000"},{"label":"EPS","value":"$0.22"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}