0000098677-12-000011.txt : 20120726
0000098677-12-000011.hdr.sgml : 20120726
20120726143839
ACCESSION NUMBER: 0000098677-12-000011
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20120630
ITEM INFORMATION: Results of Operations and Financial Condition
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20120726
DATE AS OF CHANGE: 20120726
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: 12987088
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
jun12f8kfiling.txt
TOOTSIE ROLL INDUSTRIES, INC. 2ND QTR 2012
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
July 25, 2012
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 July 25, 2012, Tootsie Roll Industries, Inc. issued a press release
(the "release") announcing its results of operations and financial condition for
the second quarter ended June 30, 2012. 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
July 25, 2012.
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.
July 25, 2012 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 July 25, 2012.
EX-99
2
exh99_pressrelease.txt
TOOTSIE ROLL INDUSTRIES, INC. 2ND QTR 2012
EXHIBIT 99.1
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 Wednesday, July 25, 2012
CHICAGO, ILLINOIS - July 25, 2012 - Melvin J. Gordon, Chairman,
Tootsie Roll Industries, Inc. reported second quarter and first half
2012 net sales and net earnings.
Second quarter 2012 net sales were $108,156,000 compared to
$104,884,000 in second quarter 2011, an increase of $3,272,000 or 3%.
Second quarter 2012 net earnings were $7,511,000 compared to $6,486,000
in second quarter 2011, and net earnings per share were $.13 and $.11
in second quarter 2012 and 2011, respectively, an increase of $.02 per
share or 18%.
First half 2012 net sales were $217,919,000 compared to $213,207,000
in first half 2011, an increase of $4,712,000 or 2%. First half 2012
net earnings were $16,285,000 compared to $14,816,000 in first half 2011,
and net earnings per share were $.28 and $.25 in first half 2012 and
2011, respectively, an increase of $.03 per share or 12%.
Mr. Gordon said, "Second quarter and first half 2012 net sales benefited
from effective marketing and selling programs and sales price increases
which were necessary to recover rising input costs. Second quarter and
first half 2012 net earnings were adversely affected by higher input
costs principally relating to ingredients, packaging materials, and
freight and delivery, but were favorably impacted by a lower effective
income tax rate. The Company's second quarter and first half 2012 net
earnings per share also benefited from common stock purchases in the
open market resulting in fewer shares outstanding."
TOOTSIE ROLL INDUSTRIES, INC.
CONSOLIDATED SUMMARY OF SALES & EARNINGS
FOR THE PERIODS ENDED
JUNE 30, 2012 & JULY 2, 2011
SECOND QUARTER ENDED
2012 2011
Net Product Sales $ 108,156,000 $ 104,884,000
Net Earnings $ 7,511,000 $ 6,486,000
Net Earnings Per Share * $ .13 $ .11
Average Shares Outstanding * 58,911,000 59,725,000
SIX MONTHS ENDED
2012 2011
Net Product Sales $ 217,919,000 $ 213,207,000
Net Earnings $ 16,285,000 $ 14,816,000
Net Earnings Per Share * $ .28 $ .25
Average Shares Outstanding * 58,987,000 59,764,000
*Based on average shares outstanding adjusted for 3% stock dividends
distributed April 5, 2012 and April 7, 2011.