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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 226M | 49.9% |
| Gross Profit | 77M | 52.7% |
| Cost of Revenue | 191M | 40.9% |
| Operating expense | 42M | 19.4% |
| Net Income | 33M | 110% |
| EBITDA | 35M | 76.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.15B | 4% |
| Total Liabilities | 276M | 5.7% |
| Total Equity | 870M | 3.4% |
| Shares Outstanding | 71M | 0.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 61M | 585.8% |
| Cash from investing | -6.3M | 5.8% |
| Cash from financing | -8.6M | 6112.2% |
EPS
Financial Highlights for Tootsie Roll in Q3 '24
Tootsie Roll reported a revenue of 226M, which is a 49.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 77M, marking a 52.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 191M, a 40.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 42M, showing a 19.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 33M, showing a 110% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 35M, showing a 76.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Tootsie Roll with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
