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QUARTERLY FINANCIAL DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2020
QUARTERLY FINANCIAL DATA (UNAUDITED)  
QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 15—QUARTERLY FINANCIAL DATA (UNAUDITED):

(Thousands of dollars except per share data)

 

    

First

    

Second

    

Third

    

Fourth

    

Year

 

2020

Net product sales

$

102,803

$

79,796

$

156,962

$

127,866

$

467,427

Product gross margin

 

36,360

 

29,417

 

57,775

 

44,165

 

167,717

Net earnings attributable to Tootsie Roll Industries, Inc.

 

11,982

 

7,388

 

24,673

 

14,952

 

58,995

Net earnings attributable to Tootsie Roll Industries, Inc. per share

 

0.18

 

0.11

 

0.37

 

0.23

 

0.89

2019

Net product sales

$

101,019

$

106,021

$

181,913

$

134,663

$

523,616

Product gross margin

 

36,163

 

40,076

 

69,046

 

49,229

 

194,514

Net earnings attributable to Tootsie Roll Industries, Inc.

 

8,955

 

11,556

 

29,854

 

14,555

 

64,920

Net earnings attributable to Tootsie Roll Industries, Inc. per share

 

0.13

 

0.17

 

0.44

 

0.22

 

0.96

Net earnings per share is based upon average outstanding shares as adjusted for 3%stock dividends issued during the second quarter of each year as discussed above. The sum of the quarterly per share amounts may not equal annual amounts due to rounding.