7. Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Data (Unaudited)

TOR Minerals International, Inc. and Subsidiaries
Consolidated Statements of Operations
(In thousands, except per share amounts)
		2016
		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Total
NET SALES	$	9,572	$	9,850	$	10,036	$	8,998	$	38,456
Cost of sales		8,247		8,680		8,452		7,982		33,361
GROSS MARGIN		1,325		1,170		1,584		1,016		5,095
Technical services and research and development		38		52		56		53		199
Selling, general and administrative expenses		842		1,062		1,068		1,182		4,154
(Gain) Loss on disposal of asset		(1)		-		4		(1)		2
OPERATING INCOME (LOSS)		446		56		456		(218)		740
OTHER INCOME (EXPENSE):
Interest expense, net		(50)		(47)		(43)		(37)		(177)
Income (loss) on foreign currency exchange rate		(89)		10		20		9		(50)
Other income, net		12		16		-		10		38
Total Other Expense		(127)		(21)		(23)		(18)		(189)
INCOME (LOSS) BEFORE INCOME TAX		319		35		433		(236)		551
Income tax expense		75		(52)		142		(58)		107
NET INCOME (LOSS)	$	244	$	87	$	291	$	(178)	$	444
Income (loss) per common share:
Basic	$	0.08	$	0.03	$	0.08	$	(0.05)	$	0.13
Diluted	$	0.08	$	0.03	$	0.08	$	(0.05)	$	0.13
Weighted average common shares outstanding:
Basic		3,014		3,402		3,542		3,542		3,376
Diluted		3,187		3,459		3,550		3,542		3,454

TOR Minerals International, Inc. and Subsidiaries

Consolidated Statements of Operations

(In thousands, except per share amounts)

		2015
		1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Total
NET SALES	$	10,115	$	9,963	$	8,988	$	7,993	$	37,059
Cost of sales		9,221		9,010		7,877		9,075		35,183
GROSS MARGIN		894		953		1,111		(1,082)		1,876
Technical services and research and development		55		44		44		35		178
Selling, general and administrative expenses		1,052		1,039		943		1,447		4,481
(Gain) Loss on disposal of asset		-		-		38		2,912		2,950
OPERATING INCOME (LOSS)		(213)		(130)		86		(5,476)		(5,733)
OTHER INCOME (EXPENSE):
Interest expense, net		(80)		(60)		(37)		(31)		(208)
Income (loss) on foreign currency exchange rate		22		1		(157)		(3)		(137)
Other income, net		-		9		9		6		24
Total Other Expense		(58)		(50)		(185)		(28)		(321)
LOSS BEFORE INCOME TAX		(271)		(180)		(99)		(5,504)		(6,054)
Income tax (benefit) expense		(81)		(73)		22		442		310
NET LOSS	$	(190)	$	(107)	$	(121)	$	(5,946)	$	(6,364)
Loss per common share:
Basic and diluted	$	(0.06)	$	(0.04)	$	(0.04)	$	(1.97)	$	(2.11)
Weighted average common shares outstanding:
Basic and diluted		3,014		3,014		3,014		3,014		3,014