Tootsie Roll Q4 net earnings fell 22% to $22.5 million on $11.0 million tax write-off
Tootsie Roll reported fourth-quarter 2024 net sales of $191.4 million, down 2% from a year earlier, and net earnings of $22.5 million, or $0.32 per share, down 22%. The results include an $11.0 million non-cash write-off of deferred tax assets after the Board revoked a prior tax deductibility action, and excluding that charge, net earnings rose 14% to $33.5 million.
Key points
- Q4 2024 net sales were $191.4 million versus $195.4 million in Q4 2023, a decrease of 2%.
- Q4 2024 net earnings were $22.5 million, or $0.32 per share, versus $29.4 million, or $0.41 per share, a decline of 22% per share.
- The $11.0 million non-cash deferred tax asset write-off reduced Q4 2024 net earnings; excluding it, net earnings would have been $33.5 million, up 14%.
- Full-year 2024 net sales were $715.5 million versus $763.3 million, and net earnings were $86.8 million, or $1.22 per share, versus $1.28 per share in 2023.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 12, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.