| Address:
|
722 BURLESON
|
| City: |
CORPUS CHRISTI |
|
State: |
TX |
|
Zip Code: |
78402 |
| Telephone: |
361-883-5591 |
|
Description of Business
|
Primary SIC Code:
2810 |
| (As filed with the SEC)
|
|
|
TOR Minerals International, Inc. ("TOR", "we", "us", "our" or the "Company") is
a global specialty chemical company engaged in the business of manufacturing and
marketing mineral products for use as pigments, pigment extenders, functional
fillers and flame retardants used in the manufacture of paints, coatings,
plastics and catalysts.
We were organized by Benilite Corporation of America ("Benilite") in 1973.
Benilite, which was incorporated in Delaware in 1969, developed the then
patented "Benilite process" for producing synthetic rutile ("SR"), the principal
ingredient used in the manufacture of HITOX® (high-grade titanium dioxide), from
ilmenite ore. Benilite licensed and helped design several synthetic rutile
plants located throughout the world which utilize this process (including the
plant located in Ipoh, Malaysia, owned by the Company, as discussed below). ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.21 | NA | 9.74 | | 06/2011 | 0.97 | NA | 18.26 | | 03/2011 | 0.79 | NA | 24.49 | | 12/2010 | 0.83 | NA | 11.94 | | 09/2010 | 0.59 | NA | 10.14 | | 06/2010 | 0.49 | NA | 13.92 | | 03/2010 | 0.31 | NA | 14.65 | | 12/2009 | -0.50 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.08 | Total Liab/Total Assets | 0.28 | | Net Inc/Total Assets | 0.06 | Total Liab/Inv Cap | 0.34 | | Net Inc/Inv Cap | 0.08 | Total Liab/Comm Equity | 0.37 | | Pretax Inc/Net Sales | 0.07 | Interest Coverage Ratio | 6.25 | | Net Inc/Net Sales | 0.07 | Curr Debt/Equity | 0.06 | | Cash Flow/Net Sales | 0.12 | LTD/Equity | 0.11 | | SG&A/NetSales | 0.12 | Total Debt/Equity | 0.17 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 8.53 | Quick Ratio | 1.27 | | Inventory Turnover | 2.41 | Current Ratio | 3.21 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.21 | | Net Sales/Work Cap | 2.48 | Inv/Curr Assets | 0.61 | | Net Sales/PP&E | 1.64 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
11.40
|
10.49
|
9.59
|
8.69
|
|
Cost of Goods Sold
|
9.03
|
8.18
|
7.49
|
6.49
|
|
Selling & Admin Exps
|
1.10
|
1.07
|
1.16
|
1.04
|
|
Operating Income
|
1.20
|
1.18
|
0.87
|
1.09
|
|
Interest Exp
|
0.14
|
0.10
|
0.10
|
0.10
|
|
Pretax Income
|
1.13
|
1.07
|
0.72
|
0.98
|
|
Other Income
|
0.06
|
-0.00
|
-0.05
|
-0.01
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
1.07
|
0.98
|
0.68
|
1.00
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
2.11
|
2.29
|
2.40
|
2.56
|
|
Receivables - Total
|
5.76
|
5.43
|
4.87
|
3.89
|
|
Inventories - Total
|
14.95
|
15.23
|
11.47
|
11.02
|
|
Total Current Assets
|
24.01
|
23.82
|
19.67
|
18.20
|
|
Net Property, Plant & Equipment
|
19.95
|
20.48
|
19.49
|
18.95
|
|
Total Assets
|
43.99
|
44.33
|
39.18
|
37.17
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
4.61
|
7.42
|
4.75
|
4.04
|
|
Debt in Current Liabilities
|
4.64
|
2.32
|
1.09
|
1.63
|
|
Total Current Liabilities
|
9.25
|
9.74
|
5.84
|
5.67
|
|
Long-Term Debt
|
4.28
|
3.92
|
4.00
|
2.87
|
|
Total Liabilities
|
14.27
|
14.37
|
10.48
|
10.29
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
2.65
|
2.65
|
2.54
|
2.42
|
|
Retained Earnings
|
-2.87
|
-3.94
|
-4.92
|
-5.58
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
29.72
|
29.96
|
28.71
|
26.88
|
|
Total Liabilities and Stockholders' Equity
|
43.99
|
44.33
|
39.18
|
37.17
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
-1.89
|
0.10
|
0.46
|
1.62
|
|
Net Cash Provided by Investing Activities
|
-0.86
|
-1.36
|
-0.51
|
-0.62
|
|
Net Cash Provided by Financing Activities
|
2.86
|
1.13
|
-0.18
|
1.03
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 26.08 | 0.09 | -- | | 12/2007 | 27.96 | 0.07 | -- | | 12/2008 | 25.30 | -4.96 | -- | | 12/2009 | 24.19 | -0.14 | -0.50 | | 12/2010 | 31.02 | 2.29 | 0.83 | | Growth Rates | 4.43 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 16 | 537 | 25.33 |
|
Report Date :
2/6/2012
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