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Thursday, October 27, 2011 4:14:12 PM
On October 27, 2011, TOR Minerals International, Inc. (the "Company") announced its financial results for the third quarter ended September 30, 2011. Highlights for the third quarter of 2011 as compared to the third quarter of 2010 included:
• 3Q11 revenue increased 51% to $11.4 million versus $7.5 million in 3Q10
• 3Q11 diluted net income increased to $1.1 million versus 3Q10 diluted net income: $0.2 million
• 3Q11 diluted EPS: $0.33 versus 3Q10 EPS: $0.09
• Revenue for the nine months ended September 30, 2011 increased 41% to $31.5 million
• Diluted net income for the nine months ended September 30, 2011 increased 113% to $2.9 million
• Diluted EPS for the nine months ended September 30, 2011: $0.86 versus Diluted EPS for the nine months ended September 30, 2010: $0.48
For the third quarter ended September 30, 2011, the Company reported diluted net income available to common shareholders of $1,089,000 or $0.33 per diluted share, on net sales of $11,401,000. This compares with diluted net income available to common shareholders of $243,000, or $0.09 per share, on net sales of $7,543,000 for the quarter ended September 30, 2010.
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