TOR Minerals International Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net sales were $8,988,000 against $11,317,000 a year ago. Operating income was $86,000 against $366,000 a year ago. Loss before income taxes was $99,000 against income before income taxes of $357,000 a year ago. Net loss was $212,000 against net profit of $296,000 a year ago. Diluted loss per share was $0.04 against profit of $0.09 a year ago. Cash flows from operation was $1.5 million. During the quarter, the company has invested $1.1 million in capital expenditures.

For the nine months, the company reported net sales of $29,066,000 against $36,841,000 a year ago. Operating loss was $257,000 against income of $1,698,000 a year ago. Loss before income taxes was $550,000 against income before income taxes of $1,443,000 a year ago. Net loss was $418,000 against net profit of $1,156,000 a year ago. Diluted loss per share was $0.14 against profit of $0.34 a year ago. Net cash provided by operating activities was $3,717,000 against $4,608,000 a year ago. Additions to property, plant and equipment was $4,174,000 against $1,386,000 a year ago.

The company expects to spend $6.5 million in capital expenditures for the year 2015 and are funding the expenditures from a combination of internal cash flows as well as long-term bank financing.