-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JReB81FHwkKSkbuFqBPxh3yRun7we00qZwRMYnHQHMeoiviWu2fehLfMAcOo5sqq kOKAWfOjpFAhUqxvTRNMsg== 0000098677-05-000009.txt : 20050503 0000098677-05-000009.hdr.sgml : 20050503 20050503144812 ACCESSION NUMBER: 0000098677-05-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050402 ITEM INFORMATION: Other Events FILED AS OF DATE: 20050503 DATE AS OF CHANGE: 20050503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOOTSIE ROLL INDUSTRIES INC CENTRAL INDEX KEY: 0000098677 STANDARD INDUSTRIAL CLASSIFICATION: SUGAR & CONFECTIONERY PRODUCTS [2060] IRS NUMBER: 221318955 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01361 FILM NUMBER: 05794531 BUSINESS ADDRESS: STREET 1: 7401 S CICERO AVE CITY: CHICAGO STATE: IL ZIP: 60629 BUSINESS PHONE: 7738383400 MAIL ADDRESS: STREET 1: 7401 S CICERO AVE CITY: CHICAGO STATE: IL ZIP: 60629 FORMER COMPANY: FORMER CONFORMED NAME: SWEETS CO OF AMERICA INC DATE OF NAME CHANGE: 19660921 8-K 1 mar05filing8k.txt TOOTSIE ROLL INDUSTRIES, INC. 8-K ENDING 4/2/05 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 April 28, 2005 Date of report (Date of earliest event reported) TOOTSIE ROLL INDUSTRIES, INC. (Exact Name of Registrant as Specified in Its charter) Virginia (State or Other Jurisdiction of Incorporation) 001-01361 (Commission File Number) 22-1318955 (I.R.S. Employer Identification No.) 7401 South Cicero Avenue, Chicago, Illinois 60629 (Address of Principal Executive Offices) (Zip Code) 773-838-3400 (Registrant's Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [__] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [__] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [__] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [__] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. On April 28, 2005, Tootsie Roll Industries, Inc. issued a press release (the "release") announcing its results of operations and financial condition for the first quarter ended April 2, 2005. A copy of the release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information in the release and in this Item 2.02 is "furnished" and not "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, or otherwise subject to the liabilities of that section. Such information may only be incorporated by reference in another filing under the Securities Exchange Act of 1934 or the Securities Act of 1933 only if and to the extent such subsequent filing specifically references such information. Item 9.01. Financial Statements and Exhibits. (c) The following exhibit is furnished with this report: Exhibit 99.1 Press Release of Tootsie Roll Industries, Inc., dated April 28, 2005. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the under- signed thereunto duly authorized. April 28, 2005 TOOTSIE ROLL INDUSTRIES, INC. By: /s/G. HOWARD EMBER, JR. G. Howard Ember, Jr. Vice President/Finance and Chief Financial Officer EXHIBIT INDEX Exhibit No. Description 99.1 Press Release of Tootsie Roll Industries, Inc., dated April 28, 2005. Tootsie Roll Industries, Inc. 7401 South Cicero Avenue Chicago, IL 60629 Phone 773/838-3400 Fax 773/838-3534 Press Release STOCK TRADED: NYSE FOR IMMEDIATE RELEASE TICKER SYMBOL: TR Monday, April 28, 2005 CHICAGO, ILLINOIS - April 28, 2005 - Melvin J. Gordon, Chairman,Tootsie Roll Industries, Inc. reported first quarter 2005 sales and earnings. First quarter 2005 sales were $97,925,000 compared to $80,046,000 in the first quarter 2004, an increase of $17,879,000 or 22%. First quarter 2005 sales benefited from $17,345,000 of sales from the Concord Confections business which was acquired on August 30,2004. First quarter 2005 net earnings were $12,506,000 compared to first quarter 2004 net earnings of $11,493,000. First quarter net earnings per share were $.23 in 2005 compared to $.21 per share in 2004, an increase of $.02 per share or 9 1/2%. Mr. Gordon said, "First quarter 2005 results were aided by the Concord acquisition. However, higher interest expense and lower investment income which reflects the financing of the Concord acquisition had an adverse impact on first quarter 2005 results. The Company's per share earnings benefited from common stock purchases in the open market in 2004 and 2005 and resulting fewer shares outstanding." TOOTSIE ROLL INDUSTRIES CONSOLIDATED STATEMENTS OF EARNINGS FOR THE 13 WEEKS ENDED APRIL 2, 2005 & APRIL 3, 2004 FIRST QUARTER ENDED 2005 2004 Net Sales $ 97,925,000 $ 80,046,000 Net Earnings $ 12,506,000 $ 11,493,000 *Earnings Per Share $0.23 $0.21 *Average Shares Outstanding 53,720,000 54,153,000 *Based on average shares outstanding adjusted for 3% stock dividends distributed April 14, 2005 and April 14, 2004. -----END PRIVACY-ENHANCED MESSAGE-----