8-K

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

February 14, 2018
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 February 14, 2018, Tootsie Roll Industries, Inc. issued a press release
(the "release") announcing its results of operations and financial condition
for the fourth quarter ended December 31, 2017. 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
                 February 14, 2018.



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.


February 14, 2018                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 February 14, 2018.

EX-99

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, February 14, 2018


CHICAGO, ILLINOIS - February 14, 2018 - Ellen R. Gordon,
Chairman, Tootsie Roll Industries, Inc. reported fourth
quarter and twelve months 2017 net sales and net earnings.

Fourth quarter 2017 net sales were $125,179,000 compared to
$124,279,000 in fourth quarter 2016, an increase of $900,000 or 0.7%.
Fourth quarter 2017 net earnings were $31,985,000 compared to
$17,841,000 in fourth quarter 2016, and net earnings per share were
$.51 and $.28 in fourth quarter 2017 and 2016, respectively, an
increase of $.23 per share or 82%. Fourth quarter 2017 net earnings
includes a favorable deferred income tax accounting adjustment of
$20,318,000 or $.32 per share resulting from the estimated impact of
the enactment of the U.S. Tax Cuts and Jobs Act (U.S. tax reform) in
December 2017.

Twelve months 2017 net sales were $515,674,000 compared to $517,373,000
in twelve months 2016, a decrease of $1,699,000 or 0.3%. Twelve months
2017 net earnings were $80,864,000 compared to $67,510,000 in twelve
months 2016, and net earnings per share were $1.28 and $1.05 in twelve
months 2017 and 2016, respectively, an increase of $.23 per share or
22%. Twelve months 2017 net earnings also includes a favorable deferred
income tax adjustment of $20,318,000 or $.32 per share from U.S. tax
reform.

Mrs. Gordon said, "The effects of a stronger U.S. dollar and related
currency translation of foreign sales contributed to lower sales of
approximately $2,050,000 in twelve months 2017, primarily in fourth
quarter 2017. Fourth quarter and twelve months results were adversely
affected by higher costs and expenses for ingredients, packaging
materials, manufacturing plant overhead, freight and delivery,
marketing and sales expenses relating to new product development and
packaging changes to comply with product labeling requirements, and
declines in results from foreign subsidiaries. Many of these increased
costs and expenses accelerated in fourth quarter 2017. Continuing
improvements in manufacturing plant efficiencies driven by capital
investments and ongoing cost containment programs mitigated some of
these higher costs and expenses.  In addition, fourth quarter and
twelve months 2017 pre-tax results reflect a charge of $2,371,000
relating to the impairment of assets of a foreign subsidiary. The
Company's fourth quarter and twelve months 2017 net earnings per share
benefited from common stock purchases in the open market resulting in
fewer shares outstanding.

In connection with the enactment of U.S. tax reform in December 2017, the
Company recorded a net tax benefit of $20,318,000, or $.32 per share,
during the fourth quarter of 2017. This reflects the estimated accounting
adjustment from the revaluation of net deferred income tax liabilities based
on the new lower U.S corporate income tax rate effective January 1, 2018."

















                     TOOTSIE ROLL INDUSTRIES, INC.
               CONSOLIDATED SUMMARY OF SALES & EARNINGS
                        FOR THE PERIODS ENDED
                       DECEMBER 31, 2017 & 2016

                                             FOURTH QUARTER ENDED
                                            2017              2016

Net Product Sales                      $ 125,179,000     $ 124,279,000

Net Earnings                           $  31,985,000     $  17,841,000

Net Earnings Per Share   *                 $ .51             $ .28

Average Shares Outstanding *              62,837,000        63,708,000


                                               TWELVE MONTHS ENDED
                                            2017              2016

Net Product Sales                      $ 515,674,000     $ 517,373,000

Net Earnings                           $  80,864,000      $ 67,510,000

Net Earnings Per Share   *                 $1.28             $1.05

Average Shares Outstanding *              63,179,000        64,086,000



  *Based on average shares outstanding adjusted for 3% stock dividends
   distributed April 17, 2017 and April 8, 2016.