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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Total revenue $ 148,455 $ 153,175
Total costs 96,005 103,147
Total gross margin 52,450 50,028
Selling, marketing and administrative expenses 29,390 38,918
Earnings from operations 23,060 11,110
Other (loss) income, net (51) 9,032
Earnings before income taxes 23,009 20,142
Provision for income taxes 4,968 4,307
Net earnings 18,041 15,835
Less: net (loss) income attributable to noncontrolling interests (17) 1
Net earnings attributable to Tootsie Roll Industries, Inc. $ 18,058 $ 15,834
Net earnings attributable to Tootsie Roll Industries, Inc. per share $ 0.25 $ 0.22
Dividends per share [1] $ 0.09 $ 0.09
Average number of shares outstanding (in shares) 72,957 73,536
Product    
Total revenue $ 146,521 $ 151,464
Total costs 95,500 102,732
Total gross margin 51,021 48,732
Rental and Royalty    
Total revenue 1,934 1,711
Total costs 505 415
Total gross margin $ 1,429 $ 1,296
[1] Does not include 3% stock dividend to shareholders of record on 3/5/25 and 3/6/24.