TR Q2 2023 Earnings — Tootsie Roll Industries, Inc. Revenue & Financial Results | Market Cap Arena

TRTootsie Roll Industries, Inc.

$3B

Q2 2023 Earnings

Consumer Defensive Food Confectioners

Income Statement

Revenue

$160M+11.6% YoY

Gross Profit

$53M32.9% margin

Operating Income

$15M9.2% margin

Net Income

$15M9.2% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

-1.2%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

-$3M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$249M

Stockholders' Equity

$785M

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$160M	$143M	+11.6%
Gross Profit	$53M	$48M	+10.4%
Operating Income	$15M	$27M	-45.3%
Net Income	$15M	$12M	+22.8%

Revenue Segments

Product

$159M99%

Rental and Royalty

$1M1%