TOOTSIE ROLL INDUSTRIES INC

Listed Company

TRCIK 0000098677NYSELarge AcceleratedSugar & Confectionery ProductsVirginiaFY ends Dec 31

Period

FY 2025

Revenue

$732.52M

Net Income

$100.05M

Total Assets

$1.25B

Equity

$940.97M

Shares Out

—

Op. Cash Flow

$130.61M

Business

Tootsie Roll Industries Inc. manufactures and sells confectionery products and operates solely in the confectionery industry segment. The Company offers a portfolio of branded candy products, including chewy and chocolate confections, lollipops, gums and novelty items marketed under trademarks such as Tootsie Roll, Tootsie Pop, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Dubble Bubble and Andes. Its operations encompass product development, manufacturing, packaging, quality assurance, trademark management and limited research and product line extensions. Products are distributed through food and grocery brokers or sold directly to retailers and wholesalers across the United States, Canada and Mexico via supermarkets, mass merchandisers, dollar and discount stores, warehouse clubs, vending operators, e-commerce channels, the U.S. military and fundraising organizations.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	733	723	769	687	571
Total costs	474	470	513	454	372
Total gross margin	258	253	257	233	199
Selling, marketing and administrative expenses	158	153	155	122	132
Earnings from operations	101	101	102	111	67
Other income (expense), net	36	26	18	−13	19
Earnings before income taxes	137	127	120	98	86
Provision for income taxes	37	40	28	22	20
Net earnings	100	87	92	76	65
Less: net earnings (loss) attributable to noncontrolling interests	−70,000	−19,000	−26,000	−45,000	−18,000
Net earnings attributable to Tootsie Roll Industries, Inc.	100	87	92	76	65
Net earnings attributable to Tootsie Roll Industries, Inc. per share	1.37	1.18	1.28	1.04	0.91
Average number of shares outstanding (in shares)	73	73	72	73	71

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	127	139	76	53	106
Restricted cash	399,000	352,000	375,000	365,000	386,000
Investments	49	56	96	96	40
Accounts receivable trade, less allowances of $2,167 and $2,184	48	44	56	59	55
Other receivables	6	7	9	4	4
Finished goods and work-in-process	42	44	51	44	31
Raw materials and supplies	33	34	44	41	24
Prepaid expenses	15	10	9	12	8
Total current assets	321	334	341	309	268
Land	22	22	22	22	22
Buildings	156	149	145	142	130
Machinery and equipment	519	499	485	468	447
Construction in progress	15	7	11	4	15
Operating lease right-of-use assets	5	6	7	5	7
Property, plant and equipment, gross	717	683	670	641	621
Less - accumulated depreciation	480	463	448	429	412
Net property, plant and equipment	238	220	223	212	209
Goodwill	73	73	73	73	73
Trademarks	175	175	175	175	175
Investments	437	332	256	248	291
Prepaid expenses and other assets	7	12	15	465,000	603,000
Deferred income taxes	2	2	2	1	1
Total other assets	695	594	521	498	541
Total assets	1,254	1,147	1,084	1,019	1,019
Accounts payable	16	13	16	25	15
Bank loans	994,000	924,000	1	1	939,000
Dividends payable	7	6	6	6	6
Accrued liabilities	64	64	62	54	54
Postretirement health care benefits	635,000	595,000	665,000	658,000	616,000
Operating lease liabilities	1	1	1	791,000	1
Income taxes payable	6	636,000	8	2	2
Deferred compensation	3	350,000	—	—	—
Total current liabilities	98	87	95	90	80
Deferred income taxes	67	55	45	45	45
Postretirement health care benefits	9	9	10	9	13
Industrial development bonds	8	8	8	8	8
Liability for uncertain tax positions	3	3	3	4	3
Operating lease liabilities	4	5	6	4	6
Deferred compensation and other liabilities	124	111	95	76	95
Total noncurrent liabilities	215	189	166	146	170
Capital in excess of par value	847	789	737	720	710
Accumulated other comprehensive loss	−21	−23	−23	−30	−25
Treasury stock (at cost) - 108 and 105 shares, respectively	−2	−2	−2	−2	−2
Total Tootsie Roll Industries, Inc. shareholders' equity	941	871	823	783	769
Noncontrolling interests	−404,000	−334,000	−315,000	−289,000	−245,000
Total equity	941	870	823	783	769
Total liabilities and shareholders' equity	1,254	1,147	1,084	1,019	1,019

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	19	18	18	18	18
Deferred income taxes	12	8	−913,000	2	−1
Amortization of marketable security premiums and discounts, net	−5	2	4	6	4
Accounts receivable	−3	10	5	−3	−14
Other receivables	979,000	1	−5	−1	−706,000
Inventories	3	16	−10	−28	4
Prepaid expenses and other assets	−274,000	3	−16	49,000	3
Accounts payable and accrued liabilities	−448,000	635,000	−4	10	10
Income taxes payable	6	−8	10	−5	−1
Postretirement health care benefits	−801,000	−253,000	−649,000	−804,000	−1
Deferred compensation and other liabilities	−466,000	2	1	−1	687,000
Net cash provided by operating activities	131	139	95	72	85
Capital expenditures	−34	−18	−27	−23	−31
Purchases of trading securities	−2	−2	−2	−2	−3
Sales of trading securities	2	1	774,000	3	968,000
Purchase of available for sale securities	−134	−109	−92	−96	−109
Sale and maturity of available for sale securities	58	92	106	50	47
Net cash used in investing activities	−111	−36	−14	−69	−92
Shares purchased and retired	−6	−14	−33	−32	−30
Dividends paid in cash	−26	−26	−25	−25	−24
Proceeds from bank loans	3	4	3	4	4
Repayment of bank loans	−3	−4	−3	−4	−4
Net cash used in financing activities	−33	−39	−58	−56	−54
Effect of exchange rate changes on cash	852,000	−995,000	424,000	347,000	−283,000
Increase (decrease) in cash and cash equivalents	−12	63	23	−53	−61
Income taxes paid, net	25	38	20	24	23
Interest paid	195,000	268,000	258,000	78,000	6,000
Stock dividend issued	66	66	86	70	65

Filings

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