Tor Minerals International, Inc. Reports Earnings Results for the Full Year Ended December 31, 2018
April 14, 2019
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TOR Minerals International, Inc. announced earnings results for the full year ended December 31, 2018. For the full year, the company announced sales was USD 39.434 million compared to USD 38.966 million a year ago. Operating loss was USD 786,000 compared to USD 1.342 million a year ago. Net loss was USD 847,000 compared to USD 1.136 million a year ago. Basic loss per share was USD 0.24 compared to USD 0.32 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.