TOOTSIE ROLL INDUSTRIES INC

Tootsie Roll Industries, Inc. reported a 1% decrease in second quarter 2026 net sales to $151.9 million and a 24% drop in net earnings to $13.3 million, with EPS at $0.18. First half 2026 net sales saw a slight 1% increase to $301.4 million, but net earnings declined 13% to $31.0 million. The company attributed the adverse results to sales timing shifts, increased trade promotions, significantly higher cocoa and chocolate costs, elevated energy expenses, and unfavorable international performance, though it anticipates lower cocoa costs in the latter half of 2026 and into 2027.

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.

Tootsie Roll Industries, Inc. reported its first quarter 2026 financial results. The company announced net sales of $149,488,000 for the quarter ended March 31, 2026. This represents a 2% increase compared to net sales of $146,521,000 reported in the first quarter of 2025.