Earnings Summary

Tootsie Roll Industries Inc’s revenue jumped 10.73% since last year same period to $158.84Mn in the Q2 2023. On a quarterly growth basis, Tootsie Roll Industries Inc has generated -1.17% fall in its revenue since last 3-months.

Tootsie Roll Industries Inc’s net profit jumped 22.83% since last year same period to $14.73Mn in the Q2 2023. On a quarterly growth basis, Tootsie Roll Industries Inc has generated 9.89% jump in its net profits since last 3-months.

Tootsie Roll Industries Inc’s net profit margin jumped 10.92% since last year same period to 9.27% in the Q2 2023. On a quarterly growth basis, Tootsie Roll Industries Inc has generated 11.18% jump in its net profit margins since last 3-months.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Tootsie Roll Industries Inc’s return on assets (ROA) stands at 0.06.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Tootsie Roll Industries Inc’s return on equity (ROE) stands at 0.1.

Tootsie Roll Industries Inc declared 0.09 dividend per share during the earnings announcement for Q1 2023.