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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Total revenue $ 232,705 $ 225,934 $ 536,248 $ 529,845
Total costs 153,307 148,865 347,917 352,273
Total gross margin 79,398 77,069 188,331 177,572
Selling, marketing and administrative expenses 47,031 41,825 120,783 115,783
Earnings from operations 32,367 35,244 67,548 61,789
Other (loss) income, net 16,233 7,188 30,254 21,120
Earnings before income taxes 48,600 42,432 97,802 82,909
Provision for income taxes 12,953 9,599 26,584 18,607
Net earnings 35,647 32,833 71,218 64,302
Less: net (loss) income attributable to noncontrolling interests (12) (11) (43) (16)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 35,659 $ 32,844 $ 71,261 $ 64,318
Net earnings attributable to Tootsie Roll Industries, Inc. per share $ 0.49 $ 0.45 $ 0.98 $ 0.87
Dividends per share [1] $ 0.09 $ 0.09 $ 0.27 $ 0.27
Average number of shares outstanding (in shares) 72,879 73,497 72,910 73,520
Product        
Total revenue $ 230,614 $ 223,891 $ 530,325 $ 524,174
Total costs 152,741 148,266 346,368 350,730
Total gross margin 77,873 75,625 183,957 173,444
Rental and Royalty        
Total revenue 2,091 2,043 5,923 5,671
Total costs 566 599 1,549 1,543
Total gross margin $ 1,525 $ 1,444 $ 4,374 $ 4,128
[1] Does not include 3% stock dividend to shareholders of record on 3/5/25 and 3/6/24.