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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Total revenue $ 723,217 $ 769,365 $ 686,970
Total costs 470,037 512,525 454,239
Total gross margin 253,180 256,840 232,731
Selling, marketing and administrative expenses 152,675 155,012 121,976
Earnings from operations 100,505 101,828 110,755
Other income (expense), net 26,366 18,066 (12,614)
Earnings before income taxes 126,871 119,894 98,141
Provision for income taxes 40,063 28,008 22,249
Net earnings 86,808 91,886 75,892
Less: net earnings (loss) attributable to noncontrolling interests (19) (26) (45)
Net earnings attributable to Tootsie Roll Industries, Inc. $ 86,827 $ 91,912 $ 75,937
Net earnings attributable to Tootsie Roll Industries, Inc. per share $ 1.22 $ 1.28 $ 1.04
Average number of shares outstanding (in shares) 71,320 71,903 72,944
Product      
Total revenue $ 715,530 $ 763,252 $ 681,440
Total costs 468,056 510,737 452,552
Total gross margin 247,474 252,515 228,888
Rental and Royalty      
Total revenue 7,687 6,113 5,530
Total costs 1,981 1,788 1,687
Total gross margin $ 5,706 $ 4,325 $ 3,843