Buy Annual Earnings Call Essay

Buy Annual Earnings Call Essay
We run a trim operation and continually strive to eliminate waste, minimize cost and implement performance improvements.
We invest in the latest and most productive equipment to deliver the best quality product to our customers at the lowest cost.
We seek to outsource functions where appropriate and to vertically integrate operations where it is financially advantageous to do so.
We view our well known brands as prized assets to be aggressively advertised and promoted to each new generation of consumers.
We conduct business with the highest ethical standards and integrity which are codified in the Company’s “Code of Business Conduct and Ethics.”
Corporate Principles
Financial Highlights December 31, 2018 2017 (in thousands except per share data)
Net Product Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $515,251 $515,674 Net Earnings Attributable to Tootsie Roll Industries, Inc. . . . . . . . . . . . . . . . . . 56,893 80,864 Working Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 242,655 207,132 Net Property, Plant and Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 186,101 178,972 Shareholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 750,622 733,840 Average Shares Outstanding* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64,216 65,048 Per Share Items* Net Earnings Attributable to Tootsie Roll Industries, Inc. . . . . . . . . . . . . . . . . . $0.89 $1.24 Cash Dividends Paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.36 0.36
*Adjusted for stock dividends.
Merrill Corp – Tootsie Roll Annual Report ED | 109761 | 01-Mar-19 16:29 | 19-4305-1.ba | Sequence: 1 CHKSUM Content: 37474 Layout: 32454 Graphics: 29616 CLEAN
JOB: 19-4305-1 CYCLE