Every material Form 8-K Tootsie Roll Industries filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Tootsie Roll reported third quarter 2025 net sales of $230.6 million, up 3% from a year earlier, and net earnings of $35.7 million, up from $32.8 million. Earnings per share rose 9% to $0.49, helped by higher price realization, plant efficiencies, and a $3.4 million after-tax bond accretion adjustment, while the company said cocoa costs and tariffs continue to pressure its margins.
Third quarter net sales were $230,614,000, up $6,723,000 or 3% from $223,891,000 in third quarter 2024.
Third quarter net earnings were $35,659,000 and EPS was $0.49, compared with $32,844,000 and $0.45 a year earlier.
Nine-month net earnings were $71,261,000 and EPS was $0.98, compared with $64,318,000 and $0.87 in nine months 2024.
The company expects higher cocoa and chocolate costs to continue in fourth quarter 2025 and into 2026.
Tootsie Roll reported second-quarter 2025 net sales of $153.2 million, up 3% from a year earlier, and net earnings of $17.5 million, or $0.24 per share, compared with $0.21 in the prior-year quarter. Management said cocoa and chocolate costs are expected to stay higher through the balance of 2025 and into 2026, and that these costs will weigh more heavily on second-half gross margins.
Q2 2025 net sales were $153,190,000, up $4,371,000 (3%) from $148,819,000 in Q2 2024.
Q2 2025 net earnings were $17,544,000 ($0.24 per share), up from $15,640,000 ($0.21 per share) in Q2 2024.
First-half 2025 net sales were $299,711,000, down $572,000 from $300,283,000; first-half EPS was $0.49 versus $0.43.
Management expects higher cocoa and chocolate costs in the rest of 2025 and into 2026 as older supply contracts expire, and the LIFO accounting method will increase their adverse effect on second-half margins.
Tootsie Roll Industries appointed Karen Gordon Mills as President and a director on June 2, 2025, with a base salary of $999,000. The Board also adopted amended and restated Bylaws that took effect immediately, changing shareholder nomination notice rules, meeting procedures, and the choice of forum for certain legal actions.
Mills, age 71, is a former U.S. Small Business Administration Administrator (2008 to 2013) and a Senior Fellow at Harvard Business School, and serves on the board for a term ending at the 2026 Annual Meeting
Mills is the daughter of Chairman and CEO Ellen Gordon, who remains in those roles, and the mother of COO Henry Gordon Mills
Shareholder notice window for proposals and director nominations is now 90 to 120 days before the anniversary of the prior year's meeting, and the forum for certain legal actions is set in Virginia
Tootsie Roll Industries reported first quarter 2025 net sales of $146.5 million, down 3% from $151.5 million a year earlier, while net earnings rose to $18.1 million and earnings per share rose to $0.25 from $0.22. Management said customers are more resistant to higher prices and expects higher cocoa and chocolate costs for the rest of 2025 and into 2026, which will increasingly weigh on gross margins because of the company's LIFO inventory accounting.
Net sales were $146.5 million ($146,521,000) versus $151.5 million ($151,464,000), down $4.9 million or 3%.
Net earnings were $18.1 million ($18,058,000) versus $15.8 million ($15,834,000); EPS was $0.25 versus $0.22, up 14%.
Earnings benefited from higher investment income and an insurance recovery; the effective tax rate was 21.6% versus 21.4%.
Management expects even higher cocoa and chocolate costs during the balance of 2025 and into 2026 as older supply contracts expire.
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.
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.
Tootsie Roll appointed Michael Adam Chodos, age 66, to its Board of Directors on January 27, placing him on the Audit and Compensation Committees. On January 26, director Barre A. Seibert resigned from the board after 20 years of service. The filing describes routine board changes and does not report any financial results or guidance.
Michael Adam Chodos, age 66, joined the board on January 27 and was appointed to the Audit and Compensation Committees
Chodos previously served as Chief Legal Officer and Corporate Secretary of Medsphere Systems Corporation from June 2020 to September 2023
Barre A. Seibert resigned from the board on January 26 following 20 years of service
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Tootsie Roll Industries filing is on SEC EDGAR ↗. 8-K briefs of other companies →