TOR Minerals International, Inc. (TORM)

TORM Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Revenue	39.43	38.97	38.46	37.06	46.73
Revenue Growth (YoY)	1.20%	1.33%	3.77%	-20.70%	1.54%
Cost of Revenue	34.45	33.26	33.36	33.43	40.11
Gross Profit	4.98	5.7	5.1	3.63	6.62
Selling, General & Admin	4.58	4.68	4.15	4.48	4.81
Research & Development	0.23	0.2	0.2	0.18	0.2
Operating Expenses	4.81	4.88	4.35	4.66	5.01
Operating Income	0.18	0.82	0.74	-1.03	1.61
Interest Expense	-0.09	-0.11	-0.18	-0.21	-0.35
Currency Exchange Gain (Loss)	-0.15	-0.03	-0.05	-0.14	0.11
Other Non Operating Income (Expenses)	0.01	0.03	0.04	0.02	0.03
EBT Excluding Unusual Items	-0.05	0.72	0.55	-1.36	1.4
Merger & Restructuring Charges	-0.89	-2.15	-	-	-
Gain (Loss) on Sale of Assets	-0.07	-0.02	-0	-2.95	-2.14
Asset Writedown	-	-	-	-1.75	-
Pretax Income	-1.01	-1.45	0.55	-6.05	-0.74
Income Tax Expense	-0.16	-0.31	0.11	0.31	-0.19
Net Income	-0.85	-1.14	0.44	-6.36	-0.55
Net Income to Common	-0.85	-1.14	0.44	-6.36	-0.55
Shares Outstanding (Basic)	4	4	3	3	3
Shares Outstanding (Diluted)	4	4	3	3	3
Shares Change (YoY)	-	2.55%	14.60%	-	0.40%
EPS (Basic)	-0.24	-0.32	0.13	-2.11	-0.18
EPS (Diluted)	-0.24	-0.32	0.13	-2.11	-0.18
Free Cash Flow	-1.04	0.78	3.63	-2.16	2.49
Free Cash Flow Per Share	-0.29	0.22	1.05	-0.72	0.83
Gross Margin	12.63%	14.64%	13.25%	9.78%	14.16%
Operating Margin	0.44%	2.11%	1.93%	-2.79%	3.45%
Profit Margin	-2.15%	-2.92%	1.15%	-17.17%	-1.19%
Free Cash Flow Margin	-2.63%	2.00%	9.44%	-5.84%	5.33%
EBITDA	3.17	3.6	3.3	1.83	5.06
EBITDA Margin	8.04%	9.23%	8.59%	4.94%	10.82%
D&A For EBITDA	2.99	2.77	2.56	2.86	3.45
EBIT	0.18	0.82	0.74	-1.03	1.61
EBIT Margin	0.44%	2.11%	1.93%	-2.79%	3.45%
Effective Tax Rate	-	-	19.42%	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.