Quarterly ResultMay 8, 2026, 03:11 PM
Tootsie Roll Q1 Net Sales +2.0% to $149.5M; Net Earnings -2.2%
AI Summary
Tootsie Roll Industries reported a slight increase in net product sales for the first quarter of 2026, reaching $149.5 million, up 2.0% from the prior year. However, net earnings attributable to the company decreased by 2.2% to $17.7 million, with diluted EPS remaining flat at $0.24. Despite the dip in net earnings, cash provided by operating activities saw a significant increase to $11.5 million. The company also noted its multi-employer pension plan remains in "critical status" until 2051.
Key Highlights
- Net product sales rose 2.0% to $149.5 million for Q1 2026.
- Total revenue increased 2.1% to $151.5 million in Q1 2026.
- Net earnings attributable to Tootsie Roll decreased 2.2% to $17.7 million.
- Diluted earnings per share remained flat at $0.24 for the quarter.
- Cash provided by operating activities surged to $11.5 million, up from $3.6 million.
- Capital expenditures increased to $8.2 million from $2.9 million year-to-date.
- The company issued a 3% stock dividend on April 3, 2026.
- Multi-employer pension plan remains in "critical status" until 2051.
Price Impact
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