NYSE$TR

Tootsie Roll Industries Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Tootsie Roll Industries reported Q1 2022 earnings with increased net sales and net earnings.

Tootsie Roll Industries reported a strong first quarter in 2022, with net sales increasing by 37% to $139,291,000 compared to $101,795,000 in the first quarter of 2021. Net earnings also increased to $12,027,000, up from $10,767,000 in the same period last year, resulting in net earnings per share of $0.17 compared to $0.15 in the previous year.

  • Net sales for Q1 2022 increased by 37% compared to Q1 2021, reaching $139,291,000.
  • Net earnings for Q1 2022 rose to $12,027,000, up from $10,767,000 in Q1 2021.
  • Net earnings per share increased to $0.17 in Q1 2022, compared to $0.15 in Q1 2021.
  • Sales growth was driven by increased demand, effective sales and marketing programs, and economic recovery from the Covid-19 pandemic.

Headline financials

Total Revenue

$141M

Previous: $103M+36.2%
EPS (adj)

$0.17

Previous: $0.17+0.0%
Capital Expenditures

-$5.95M

Previous: -$3.79M-57.1%
Free Cash Flow

$6.08M

Previous: $6.98M-12.9%
Net Income

$12M

Previous: $10.8M+11.7%
Operating Income

$20.8M

Previous: $10.4M+100.1%
Gross Profit

$47.9M

Previous: $37.2M+28.7%
Cash & Equivalents

$86.8M

Previous: $136M-36.3%
Total Assets

$1.01B

Previous: $979M+3.5%

Revenue & EPS history

Tootsie Roll · Revenue · Quarterly

$141M

Q1 2022+36.2%vs Q1 2021

Forward guidance

The Company expects higher input costs to continue through the balance of 2022. The Company is unable to determine the related effects on its sales and net earnings in 2022 and beyond due to the effects of the Covid-19 pandemic, including variants and sub-variants.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.2%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+1.4%

Avg return

30 days after

46%

31 / 67 earnings

Positive

+4.0%

Q3 2023

Best reaction

-6.8%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%+2.8%-4.3%
Q3 2025-6.8%-15.2%-8.5%
Q1 2025+2.8%+1.2%+9.3%
Q4 2024-1.0%-1.1%+0.4%
Q3 2024+0.7%+2.2%+11.5%
Q2 2024-0.9%-2.5%+9.5%
Q1 2024-0.7%-1.1%-3.7%
Q4 2023+0.6%+1.1%+2.0%
Q3 2023+4.0%+5.5%+17.2%
Q2 2023-2.0%-2.8%-9.7%
Q1 2023+1.7%-2.5%-0.2%
Q4 2022-3.1%+1.5%+1.6%
Q3 2022-1.8%+1.0%+10.0%
Q2 2022+1.4%+2.9%+7.8%
Q1 2022-2.6%-2.5%-9.4%
Q4 2021+0.7%+1.3%+4.5%
Q3 2021+1.1%+2.9%+1.6%
Q2 2021-2.1%+1.4%-6.6%
Q1 2021-2.0%-3.8%-4.8%
Q4 2020-4.3%+0.2%+11.8%
Q3 2020+0.7%+4.9%-0.2%
Q2 2020-4.3%-3.2%-1.2%
Q1 2020+0.6%-1.3%-5.3%
Q4 2019-1.0%+0.4%+7.2%
Q3 2019+1.0%-1.0%+1.7%
Q2 2019-1.9%+1.4%-0.6%
Q1 2019+1.8%-0.6%+2.7%
Q4 2018-0.3%+0.4%+1.7%
Q3 2018+3.5%+1.3%+14.8%
Q2 2018+1.0%-0.3%-2.2%
Q1 2018+0.0%+0.5%-1.2%
Q4 2017+1.6%+1.8%-9.0%
Q3 2017-2.5%-3.6%-0.4%
Q2 2017+0.8%-0.1%-1.4%
Q1 2017+2.5%-1.6%-6.9%
Q4 2016+0.4%-1.6%+3.7%
Q3 2016+1.7%+1.4%+9.9%
Q2 2016-0.2%-2.0%+0.3%
Q1 2016+1.4%
Q4 2015-0.7%
Q3 2015-0.7%
Q2 2015-1.6%
Q1 2015-0.3%
Q4 2014+0.4%
Q3 2014+0.2%
Q2 2014+0.2%
Q1 2014-2.2%
Q4 2013-1.2%
Q3 2013+2.1%
Q2 2013-0.6%
Q1 2013-2.3%
Q2 2012+2.2%
Q4 2012+0.8%
Q3 2012-1.7%
Q1 2012+1.3%
Q2 2011-1.0%
Q4 2008-1.0%
Q4 2011-1.0%
Q3 2011+2.2%
Q1 2010+0.5%
Q1 2011+0.5%
Q2 2010-2.0%
Q4 2010-2.0%
Q3 2009-1.0%
Q3 2010-1.0%
Q4 2009-0.3%
Q2 2009-0.3%

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