TOR Minerals International, Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2016
May 04, 2016 at 04:06 pm EDT
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TOR Minerals International Inc. announced unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company’s net sales were $9,572,000 against $10,115,000 a year ago. Operating income was $446,000 against loss of $213,000 a year ago. Income before income tax was $319,000 against loss of $271,000 a year ago. Net income was $244,000 against loss of $190,000 a year ago. Basic and diluted earnings per common share were $0.08 against loss of $0.06 a year ago. Net cash provided by operating activities was $1,897,000 against $2,173,000 a year ago. Additions to property, plant and equipment was $228,000 against $1,593,000 a year ago.
TOR Minerals International, Inc. is a manufacturer and seller of mineral products for use as pigments and extenders, primarily in the manufacture of paints, industrial coatings plastics, and solid surface applications. The Companyâs products and applications include alumina trihydrate, barium sulfate slurry, boehmite, colored titanium dioxide (TiO2) pigments and white TiO2 synergist. The Company's specialty mineral products, which include flame retardant and smoke suppressant fillers, engineered fillers, and titanium dioxide color hybrid pigments, are designed for use in plastics, coatings, paints and catalysts applications, as well as a range of other industrial applications. The Company and its subsidiaries operate in the business of pigment manufacturing and related products in three geographic segments, namely, United States, European and Asian. Its subsidiaries include TOR Minerals Malaysia, Sdn. Bhd. and TOR Processing and Trade, BV.
TOR MINERALS INTERNATIONAL, INC. 
