Tootsie Roll Industries (NYSE:TR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$150.7m (down 5.9% from 2Q 2023).

• Net income: US$15.6m (up 6.2% from 2Q 2023).

• Profit margin: 10% (up from 9.2% in 2Q 2023). The increase in margin was driven by lower expenses.

• EPS: US$0.22 (up from US$0.20 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tootsie Roll Industries shares are down 5.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Tootsie Roll Industries' balance sheet and an in-depth analysis of the company's financial position.

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