TR Q1 2024 Earnings — Tootsie Roll Industries, Inc. Revenue & Financial Results | Market Cap Arena

TRTootsie Roll Industries, Inc.

$3B

Q1 2024 Earnings

Consumer Defensive Food Confectioners

Income Statement

Revenue

$153M-5.5% YoY

Gross Profit

$50M32.7% margin

Operating Income

$11M7.3% margin

Net Income

$16M10.3% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

-22.4%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$17M

Stock-Based Comp.

-$34,000

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$259M

Stockholders' Equity

$834M

Cash & Equivalents

$65M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$153M	$162M	-5.5%
Gross Profit	$50M	$50M	-0.5%
Operating Income	$11M	$13M	-13.2%
Net Income	$16M	$13M	+18.2%

Revenue Segments

Product

$151M99%

Rental and Royalty

$2M1%