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<P align=center>UNITED STATES</P>
<P align=center>SECURITIES AND EXCHANGE COMMISSION</P>
<P align=center>Washington, DC 20549</P></B>
<P align=justify></P>
<P align=justify>&nbsp;</P><B><FONT size=5>
<P align=center>FORM 8-K</P></B></FONT>
<P align=justify></P>
<P align=justify>&nbsp;</P><B>
<P align=center>CURRENT REPORT Pursuant</P>
<P align=center>to Section 13 or 15(d) of the</P>
<P align=center>Securities Exchange Act of 1934</P></B>
<P align=justify></P>
<P align=justify>&nbsp;</P>
<P align=center>
<CENTER>
<TABLE cellSpacing=0 cellPadding=7 width=505 border=0>

  <TR>
    <TD vAlign=top width="64%">
      <P align=right>Date of report (Date of earliest event reported):</P></TD>
    <TD vAlign=top width="36%"><B>
      <P>November 2, 2004</B></P></TD></TR></TABLE></CENTER>
<P></P>
<P align=justify></P><B>
<P align=center>TOR Minerals International, Inc.</P></B><FONT size=3>
<P align=center>(Exact Name of Registrant as Specified in Its
Charter)</P></FONT>
<P align=justify></P><B>
<P align=center>Delaware</P></B><FONT size=3>
<P align=center>(State or Other Jurisdiction of Incorporation)</P></FONT>
<P align=justify></P>
<P align=center>
<CENTER>
<TABLE cellSpacing=0 cellPadding=7 width=638 border=0>

  <TR>
    <TD vAlign=top width="50%"><B>
      <P align=center>0-17321</B></P></TD>
    <TD vAlign=top width="50%"><B>
      <P align=center>74-2081929</B></P></TD></TR>
  <TR>
    <TD vAlign=top width="50%"><FONT size=3>
      <P align=center>(Commission File Number)</FONT></P></TD>
    <TD vAlign=top width="50%"><FONT size=3>
      <P align=center>(IRS Employer Identification No.)</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="50%">&nbsp;</TD>
    <TD vAlign=top width="50%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="50%"><B>
      <P align=center>722 Burleson Street<BR>Corpus Christi, Texas</B></P></TD>
    <TD vAlign=top width="50%"><B>
      <P align=center><BR>78402</B></P></TD></TR>
  <TR>
    <TD vAlign=top width="50%"><FONT size=3>
      <P align=center>(Address of Principal Executive Offices)</FONT></P></TD>
    <TD vAlign=top width="50%"><FONT size=3>
      <P align=center>(Zip Code)</FONT></P></TD></TR></TABLE></CENTER>
<P></P>
<P align=justify></P><B>
<P align=center>(361) 883-5591</P></B><FONT size=3>
<P align=center>(Registrant's Telephone Number, Including Area Code)</P></FONT>
<P align=justify></P><B>
<P align=center>N/A</P></B><FONT size=3>
<P align=center>(Former Name or Former Address, if Changed Since Last
Report)</P></FONT>
<P align=justify></P>
<P align=justify>Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (<I>see </I>General Instruction A.2. below):</P>
<P align=justify></P>
<P align=center>
<CENTER>
<TABLE cellSpacing=0 cellPadding=7 width=639 border=0>

  <TR>
    <TD vAlign=top width="6%">
      <P align=center>___</P></TD>
    <TD vAlign=top width="94%">
      <P>Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)</P></TD></TR>
  <TR>
    <TD vAlign=top width="6%">
      <P align=center>___</P></TD>
    <TD vAlign=top width="94%">
      <P>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)</P></TD></TR>
  <TR>
    <TD vAlign=top width="6%">
      <P align=center>___</P></TD>
    <TD vAlign=top width="94%">
      <P>Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))</P></TD></TR>
  <TR>
    <TD vAlign=top width="6%">
      <P align=center>___</P></TD>
    <TD vAlign=top width="94%">
      <P>Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))</P></TD></TR></TABLE></CENTER>
<P></P><FONT size=2>
<P align=justify></P>
<P>&nbsp;</P></FONT><B>
<P>ITEM 2.02 <U>RESULTS OF OPERATIONS AND FINANCIAL CONDITION</P></B><FONT
size=2></U>
<P align=justify>The information in this Current Report and in the accompanying
exhibit is being furnished and shall not be deemed "filed" for purposes of
Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange
Act"), or incorporated by reference in any filing under the Securities Act of
1933, as amended, or the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing. </P>
<P align=justify></P>
<P align=justify>On November 2, 2004, TOR Minerals International, Inc. issued a
press release announcing financial results for the quarter ended September 30,
2004. A copy of this press release is attached hereto as <U>Exhibit
99.1</U>.</P>
<P align=justify></P></FONT><B>
<P align=justify>ITEM 9.01 <U>FINANCIAL STATEMENTS AND EXHIBITS</P></B></U>
<P align=justify></P>
<TABLE cellSpacing=0 cellPadding=7 width=734 border=0>

  <TR>
    <TD vAlign=top width="7%"><FONT size=2>
      <P align=right>(a)</FONT></P></TD>
    <TD vAlign=top width="93%"><FONT size=2>
      <P>Financial Statements of Businesses Acquired.<BR>Not
      applicable.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="7%"><FONT size=2>
      <P align=right>(b)</FONT></P></TD>
    <TD vAlign=top width="93%"><FONT size=2>
      <P>Pro Forma Financial Information.<BR>Not applicable.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="7%"><FONT size=2>
      <P align=right>(c)</FONT></P></TD>
    <TD vAlign=top width="93%"><FONT size=2>
      <P>Exhibits.<BR>99.1 Press Release, dated November 2, 2004, announcing
      financial results for the quarter ended September 30,
  2004.</FONT></P></TD></TR></TABLE><FONT size=2>
<P align=justify></P><I>
<P>&nbsp;</P></I>
<P align=justify>&nbsp;</P></FONT><B>
<P align=center>SIGNATURES</P></B><FONT size=2>
<P align=justify>Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.</P>
<P>&nbsp;</P></FONT>
<TABLE cellSpacing=0 cellPadding=7 width=685 border=0>

  <TR>
    <TD vAlign=top width="47%">&nbsp;</TD>
    <TD vAlign=top width="53%"><FONT size=2>
      <P align=center>TOR MINERALS INTERNATIONAL, INC.<BR></FONT><B><FONT
      color=#808080 size=2>_____________________<BR></B></FONT><FONT
      size=2>(Registrant)</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="47%">&nbsp;</TD>
    <TD vAlign=top width="53%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="47%">&nbsp;</TD>
    <TD vAlign=top width="53%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="47%"><FONT size=2>
      <P>Date: November 4, 2004</FONT></P></TD>
    <TD vAlign=top width="53%"><U><FONT size=2>
      <P align=center>RICHARD BOWERS</U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="47%" height=13>
      <P></P></TD>
    <TD vAlign=top width="53%" height=13><FONT size=2>
      <P align=center>Richard Bowers<BR>President and CEO</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="47%" height=13>
      <P></P></TD>
    <TD vAlign=top width="53%" height=13>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=top width="47%" height=13>
      <P></P></TD>
    <TD vAlign=top width="53%" height=13>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=top width="47%"><FONT size=2>
      <P>Date: November 4, 2004</FONT></P></TD>
    <TD vAlign=top width="53%"><U><FONT size=2>
      <P align=center>LAWRENCE W. HAAS</U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="47%">&nbsp;</TD>
    <TD vAlign=top width="53%"><FONT size=2>
      <P align=center>Lawrence W. Haas<BR>Treasurer and
  CFO</FONT></P></TD></TR></TABLE><FONT size=2></FONT><B>
<P align=center>&nbsp;</P>
<P align=center>EXHIBIT INDEX</P></B><FONT size=2>
<P align=justify></P></FONT>
<TABLE cellSpacing=0 cellPadding=7 width=638 border=0>

  <TR>
    <TD vAlign=top width="16%"><B>
      <P align=center>Exhibit No.</B></P></TD>
    <TD vAlign=top width="84%"><B>
      <P align=center>Description</P>
      <P align=center></B></P></TD></TR>
  <TR>
    <TD vAlign=top width="16%">
      <P align=justify>99.1</P></TD>
    <TD vAlign=top width="84%">
      <P align=justify>Press Release, dated November 2, 2004, announcing
      financial results for the quarter ended September 30,
  2004.</P></TD></TR></TABLE>
<P align=right>&nbsp;</P><B><FONT size=4>
<P align=right>Exhibit 99.1</P></FONT><FONT size=2>
<P>&nbsp;</P>
<P align=center>TOR MINERALS INTERNATIONAL ANNOUNCES</P>
<P align=center>THIRD QUARTER FINANCIALS</P></B></FONT><FONT size=2>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P align=justify>Corpus Christi, Texas November 2, 2004 -- TOR Minerals
International (NASDAQ: TORM) producer of natural titanium dioxide pigments and
specialty aluminas today announced that for the third quarter ended September
30, 2004 it earned $473,000 as compared with a profit of $612,000 in the third
quarter of 2003. Results for the nine months ended September 30, 2004 were a
profit of $904,000 against a profit of $1,047,000 for the first nine months of
2003. Sales for the nine month period were $21,834,000 as against $16,959,000 a
year earlier, an increase of 29% and sales for the quarter were $9,444,000
compared to $7,057,000 for the third quarter of 2003.</P>
<P align=justify>Richard L. Bowers, President and C.E.O., said that results were
unfavorably impacted by sharp increases in the cost of oil and natural gas,
freight, and raw materials during the period. However, he said the company had
been compensating for these increases by raising the prices of its products but
that the increased selling prices, in most cases, lagged the cost increases.</P>
<P align=justify>Mr. Bowers stated that the Company relished the opportunity to
commission the new HITOX (Registered Trademark) titanium dioxide expansion in Corpus
Christi as the new process will substantially reduce the consumption of natural
gas. Commissioning is scheduled to begin the second week in November. He also
said that increased alumina mono oxyhydrate capacity would be available at the
Netherlands plant by the third week in November. This new capacity is planned,
in part, to allow for an expansion in production of the newly developed nano
pigments TOR BRITE (Registered Trademark) and TOR COAT (Registered Trademark) introduced in
August.</P></FONT><FONT size=3></FONT><FONT size=2>
<P align=justify>Based in Corpus Christi, Texas, TOR Minerals manufactures
pigments in Texas, Malaysia, and the Netherlands which are marketed
worldwide.</P></FONT><FONT size=1>
<P align=justify>This statement provides forward-looking information as that
term is defined in the Private Securities Litigation Reform Act of 1995, and,
therefore, is subject to certain risks and uncertainties. There can be no
assurance that the actual results, business conditions, business developments,
losses and contingencies and local and foreign factors will not differ
materially from those suggested in the forward-looking statements as a result of
various factors, including market conditions, general economic conditions,
including the risks of a general business slow down or recession, the increasing
cost of energy, raw materials and labor, competition, advances</FONT> <FONT
size=1>in technology, changes in foreign currency rates, freight price
increases, commodity price increases, delays in delivery of requirement
equipment and other factors.</P>
<P align=justify></P></FONT><FONT size=3>
<P align=justify>Contact for Further Information:</P>
<P align=justify>David Mossberg</P>
<P align=justify>Beacon Street Group Investor Relations</P>
<P>(817) 459-2346</P></FONT><FONT size=2>
<P align=center>Tables Follow</P></FONT>
<P align=center>&nbsp;</P><B><FONT size=3>
<P align=center>TOR MINERALS INTERNATIONAL, INC.</P>
<P align=center>CONSOLIDATED CONDENSED STATEMENTS OF INCOME</P>
<P align=center>(Unaudited)</P>
<P align=center>(in thousands, except per share amounts)</P></B></FONT>
<P align=center></P>
<P align=center>
<CENTER>
<TABLE cellSpacing=0 cellPadding=7 width=681 border=0>

  <TR>
    <TD vAlign=bottom width="39%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="26%" colSpan=3 height=20><B><FONT size=2>
      <P align=center>Three Months Ended</B></FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="26%" colSpan=3 height=20><B><FONT size=2>
      <P align=center>Nine Months Ended</B></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="26%" colSpan=3 height=20><B><U><FONT size=2>
      <P align=center>September 30,</B></U></FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="26%" colSpan=3 height=20><B><U><FONT size=2>
      <P align=center>September 30,</B></U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><U><FONT size=2>
      <P align=center>2004</B></U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><U><FONT size=2>
      <P align=center>2003</B></U></FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><U><FONT size=2>
      <P align=center>2004</B></U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><U><FONT size=2>
      <P align=center>2003</B></U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=19><B><FONT size=2>
      <P>NET SALES</B></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=19><B><FONT size=2>
      <P align=right>$</B></FONT></P></TD>
    <TD vAlign=bottom width="11%" height=19><B><FONT size=2>
      <P align=right>9,444 </B></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=19><B><FONT size=2>
      <P align=right>$</B></FONT></P></TD>
    <TD vAlign=bottom width="11%" height=19><B><FONT size=2>
      <P align=right>7,057 </B></FONT></P></TD>
    <TD vAlign=bottom width="5%" height=19><B><FONT size=2>
      <P align=right>$</B></FONT></P></TD>
    <TD vAlign=bottom width="11%" height=19><B><FONT size=2>
      <P align=right>21,834 </B></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=19><B><FONT size=2>
      <P align=right>$</B></FONT></P></TD>
    <TD vAlign=bottom width="11%" height=19><B><FONT size=2>
      <P align=right>16,959 </B></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><FONT size=2>
      <P>Cost of products sold</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT size=2>
      <P align=right>7,683 </U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT size=2>
      <P align=right>5,318 </U></FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT size=2>
      <P align=right>16,916 </U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT size=2>
      <P align=right>12,607 </U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=center width="39%" height=30><B><FONT size=2>
      <P>GROSS MARGIN</B></FONT></P></TD>
    <TD vAlign=center width="4%" height=30>
      <P></P></TD>
    <TD vAlign=center width="11%" height=30><B><FONT size=2>
      <P align=right>1,761 </B></FONT></P></TD>
    <TD vAlign=center width="4%" height=30>
      <P></P></TD>
    <TD vAlign=center width="11%" height=30><B><FONT size=2>
      <P align=right>1,739 </B></FONT></P></TD>
    <TD vAlign=center width="5%" height=30>
      <P></P></TD>
    <TD vAlign=center width="11%" height=30><B><FONT size=2>
      <P align=right>4,918 </B></FONT></P></TD>
    <TD vAlign=center width="4%" height=30>
      <P></P></TD>
    <TD vAlign=center width="11%" height=30><B><FONT size=2>
      <P align=right>4,352 </B></FONT></P></TD></TR>
  <TR>
    <TD vAlign=center width="39%" height=30><B><FONT size=2>
      <P>GROSS MARGIN %</B></FONT></P></TD>
    <TD vAlign=center width="4%" height=30>
      <P></P></TD>
    <TD vAlign=center width="11%" height=30><B><FONT size=2>
      <P align=right>18.6% </B></FONT></P></TD>
    <TD vAlign=center width="4%" height=30>
      <P></P></TD>
    <TD vAlign=center width="11%" height=30><B><FONT size=2>
      <P align=right>24.6% </B></FONT></P></TD>
    <TD vAlign=center width="5%" height=30>
      <P></P></TD>
    <TD vAlign=center width="11%" height=30><B><FONT size=2>
      <P align=right>22.5% </B></FONT></P></TD>
    <TD vAlign=center width="4%" height=30>
      <P></P></TD>
    <TD vAlign=center width="11%" height=30><B><FONT size=2>
      <P align=right>25.7% </B></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=24><FONT size=2>
      <P>Selling, administrative and general</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=24>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=24><U><FONT size=2>
      <P align=right>1,151 </U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=24>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=24><U><FONT size=2>
      <P align=right>1,063 </U></FONT></P></TD>
    <TD vAlign=bottom width="5%" height=24>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=24><U><FONT size=2>
      <P align=right>3,681 </U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=24>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=24><U><FONT size=2>
      <P align=right>3,099 </U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=19><B><FONT size=2>
      <P>OPERATING INCOME</B></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=19>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=19><B><FONT size=2>
      <P align=right>610 </B></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=19>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=19><B><FONT size=2>
      <P align=right>676 </B></FONT></P></TD>
    <TD vAlign=bottom width="5%" height=19>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=19><B><FONT size=2>
      <P align=right>1,237 </B></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=19>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=19><B><FONT size=2>
      <P align=right>1,253 </B></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=38><FONT size=2>
      <P>OTHER INCOME (EXPENSE):</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=38>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=38>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=38>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=38>
      <P></P></TD>
    <TD vAlign=bottom width="5%" height=38>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=38>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=38>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=38>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><FONT size=2>
      <P>Interest income</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>1 </FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>-- </FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>3 </FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>-- </FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><FONT size=2>
      <P>Interest expense</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT color=#ff0000 size=2>
      <P align=right>(79)</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT color=#ff0000 size=2>
      <P align=right>(83)</FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT color=#ff0000 size=2>
      <P align=right>(158)</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT color=#ff0000 size=2>
      <P align=right>(205)</FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><FONT size=2>
      <P>Other, net</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT size=2>
      <P align=right>2 </U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT size=2>
      <P align=right>28 </U></FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT color=#ff0000 size=2>
      <P align=right>(31)</U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT size=2>
      <P align=right>26 </U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><B><FONT size=2>
      <P>INCOME BEFORE INCOME TAX</B></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><FONT size=2>
      <P align=right>534 </B></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><FONT size=2>
      <P align=right>621 </B></FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><FONT size=2>
      <P align=right>1,051 </B></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><FONT size=2>
      <P align=right>1,074 </B></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><FONT size=2>
      <P>Taxes</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT size=2>
      <P align=right>61 </U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT size=2>
      <P align=right>9 </U></FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT size=2>
      <P align=right>147 </U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><U><FONT size=2>
      <P align=right>27 </U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><B><FONT size=2>
      <P>NET INCOME</B></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20><B><FONT size=2>
      <P align=right>$ </B></FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><U><FONT size=2>
      <P align=right>473 </B></U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20><B><FONT size=2>
      <P align=right>$</B></FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><U><FONT size=2>
      <P align=right>612 </B></U></FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20><B><FONT size=2>
      <P align=right>$</B></FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><U><FONT size=2>
      <P align=right>904 </B></U></FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20><B><FONT size=2>
      <P align=right>$</B></FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><B><U><FONT size=2>
      <P align=right>1,047 </B></U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="5%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=21>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><FONT size=2>
      <P>Earnings per common share:</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><FONT size=2>
      <P>Basic</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>0.06 </FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>0.09 </FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>0.11 </FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>0.15 </FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><FONT size=2>
      <P>Diluted</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>0.06 </FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>0.08 </FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>0.11 </FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>0.15 </FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=40><FONT size=2>
      <P>Weighted average common shares and equivalents
    outstanding:</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=40>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=40>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=40>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=40>
      <P></P></TD>
    <TD vAlign=bottom width="5%" height=40>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=40>
      <P></P></TD>
    <TD vAlign=bottom width="4%" height=40>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=40>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><FONT size=2>
      <P>Basic</FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>7,779 </FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>7,119 </FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>7,719 </FONT></P></TD>
    <TD vAlign=bottom width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>7,036 </FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="39%" height=20><FONT size=2>
      <P>Diluted</FONT></P></TD>
    <TD vAlign=top width="4%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>8,052 </FONT></P></TD>
    <TD vAlign=top width="4%" height=20><FONT size=2>
      <P>(1)</FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>7,450 </FONT></P></TD>
    <TD vAlign=bottom width="5%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>8,013 </FONT></P></TD>
    <TD vAlign=top width="4%" height=20><FONT size=2>
      <P>(2)</FONT></P></TD>
    <TD vAlign=bottom width="11%" height=20><FONT size=2>
      <P align=right>7,193 </FONT></P></TD></TR></TABLE></CENTER>
<P></P>
<DIR><SUP><FONT size=2>
<P>(1) </SUP>168,000 common shares related to the 200,000 convertible preferred
shares outstanding were excluded in the computation of diluted earnings per
share as the effect would be antidilutive.</P></FONT><SUP><FONT size=2>
<P>(2)</SUP> 153,000 common shares related to the 200,000 convertible preferred
shares outstanding were excluded in the computation of diluted earnings per
share as the effect would be antidilutive.</P></FONT>
<P align=center>&nbsp;</P></DIR><B><FONT size=3>
<P align=center>TOR MINERALS INTERNATIONAL, INC.</P>
<P align=center>CONSOLIDATED CONDENSED BALANCE SHEETS</P>
<P align=center>September 30, 2004 and December 31, 2003</P>
<P align=center>(in thousands)</P></B></FONT>
<P>&nbsp;</P>
<P align=center>
<CENTER>
<TABLE cellSpacing=0 cellPadding=7 width=673 border=0>

  <TR>
    <TD vAlign=bottom width="58%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20><B><FONT size=2>
      <P align=center>September 30, 2004</B></FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20><B><FONT size=2>
      <P align=center>December 31,</B></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20><B><U><FONT size=2>
      <P align=center>(Unaudited) </B></U></FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20><B><U><FONT size=2>
      <P align=center>2003</B></U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20><B><U><FONT size=2>
      <P>ASSETS</B></U></FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20><FONT size=2>
      <P>Current assets</FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="19%" height=20><FONT size=2>
      <P align=right>14,679 </FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="17%" height=20><FONT size=2>
      <P align=right>10,747 </FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20><FONT size=2>
      <P>Property, plant and equipment, net</FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20><FONT size=2>
      <P align=right>16,077 </FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20><FONT size=2>
      <P align=right>13,470 </FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20><FONT size=2>
      <P>Goodwill, net</FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20><FONT size=2>
      <P align=right>1,815 </FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20><FONT size=2>
      <P align=right>1,283 </FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20><FONT size=2>
      <P>Other assets</FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20><U><FONT size=2>
      <P align=right>-- </U></FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20><U><FONT size=2>
      <P align=right>42 </U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=28><FONT size=2>
      <P>Total Assets</FONT></P></TD>
    <TD vAlign=bottom width="3%" height=28><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="19%" height=28><U><FONT size=2>
      <P align=right>32,571 </U></FONT></P></TD>
    <TD vAlign=bottom width="3%" height=28><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="17%" height=28><U><FONT size=2>
      <P align=right>25,542 </U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="3%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="3%" height=21>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=21>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20><B><U><FONT size=2>
      <P>LIABILITIES AND SHAREHOLDERS' EQUITY</B></U></FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20><FONT size=2>
      <P>Current liabilities</FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="19%" height=20><FONT size=2>
      <P align=right>8,727 </FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="17%" height=20><FONT size=2>
      <P align=right>7,978 </FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20><FONT size=2>
      <P>Long-term debt, excluding current maturities</FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20><FONT size=2>
      <P align=right>1,609 </FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20><FONT size=2>
      <P align=right>1,642 </FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20><FONT size=2>
      <P>Deferred tax liability</FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20><U><FONT size=2>
      <P align=right>123 </U></FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20><U><FONT size=2>
      <P align=right>-- </U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20><FONT size=2>
      <P>Total Liabilities</FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20><FONT size=2>
      <P align=right>10,459 </FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20><FONT size=2>
      <P align=right>9,620 </FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20>
      <P></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=20><FONT size=2>
      <P>Shareholders' equity</FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="19%" height=20><U><FONT size=2>
      <P align=right>22,112 </U></FONT></P></TD>
    <TD vAlign=bottom width="3%" height=20>
      <P></P></TD>
    <TD vAlign=bottom width="17%" height=20><U><FONT size=2>
      <P align=right>15,922 </U></FONT></P></TD></TR>
  <TR>
    <TD vAlign=bottom width="58%" height=30><FONT size=2>
      <P>Total Liabilities &amp; Shareholders' Equity</FONT></P></TD>
    <TD vAlign=bottom width="3%" height=30><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="19%" height=30><U><FONT size=2>
      <P align=right>32,571 </U></FONT></P></TD>
    <TD vAlign=bottom width="3%" height=30><FONT size=2>
      <P align=right>$</FONT></P></TD>
    <TD vAlign=bottom width="17%" height=30><U><FONT size=2>
      <P align=right>25,542 </U></FONT></P></TD></TR></TABLE></CENTER>
<P></P>
<P>&nbsp;</P>
<P>&nbsp;</P></BODY></HTML>
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{"company-data": {"conformed-name": "TOR MINERALS INTERNATIONAL INC", "cik": "0000842295", "assigned-sic": "2810", "irs-number": "742081929", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17321", "film-number": "041119075"}, "business-address": {"street1": "722 BURLESON", "city": "CORPUS CHRISTI", "state": "TX", "zip": "78402", "phone": "3618825175"}, "mail-address": {"street1": "722 BURLESON", "city": "CORPUS CHRISTI", "state": "TX", "zip": "78402"}, "former-company": {"former-conformed-name": "HITOX CORPORATION OF AMERICA", "date-changed": "19920703"}}
UNITED STATES
4:
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
November 2, 2004
TOR Minerals International, Inc.
(Exact Name of Registrant as Specified in Its
Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
0-17321
74-2081929
(Commission File Number)
(IRS Employer Identification No.)
722 Burleson Street
Corpus Christi, Texas
78402
(Address of Principal Executive Offices)
(Zip Code)
(361) 883-5591
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last
Report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (
see
General Instruction A.2. below):
___
Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)
___
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)
___
Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))
___
Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.02
RESULTS OF OPERATIONS AND FINANCIAL CONDITION
The information in this Current Report and in the accompanying
exhibit is being furnished and shall not be deemed "filed" for purposes of
Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange
Act"), or incorporated by reference in any filing under the Securities Act of
1933, as amended, or the Exchange Act, except as shall be expressly set forth by
specific reference in such a filing.
On November 2, 2004, TOR Minerals International, Inc. issued a
press release announcing financial results for the quarter ended September 30,
2004. A copy of this press release is attached hereto as
Exhibit
99.1
.
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
(a)
Financial Statements of Businesses Acquired.
Not
      applicable.
(b)
Pro Forma Financial Information.
Not applicable.
(c)
Exhibits.
99.1 Press Release, dated November 2, 2004, announcing
      financial results for the quarter ended September 30,
  2004.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
TOR MINERALS INTERNATIONAL, INC.
_____________________
(Registrant)
Date: November 4, 2004
RICHARD BOWERS
Richard Bowers
President and CEO
Date: November 4, 2004
LAWRENCE W. HAAS
Lawrence W. Haas
Treasurer and
  CFO
EXHIBIT INDEX
Exhibit No.
Description
99.1
Press Release, dated November 2, 2004, announcing
      financial results for the quarter ended September 30,
  2004.
Exhibit 99.1
TOR MINERALS INTERNATIONAL ANNOUNCES
THIRD QUARTER FINANCIALS
Corpus Christi, Texas November 2, 2004 -- TOR Minerals
International (NASDAQ: TORM) producer of natural titanium dioxide pigments and
specialty aluminas today announced that for the third quarter ended September
30, 2004 it earned $473,000 as compared with a profit of $612,000 in the third
quarter of 2003. Results for the nine months ended September 30, 2004 were a
profit of $904,000 against a profit of $1,047,000 for the first nine months of
2003. Sales for the nine month period were $21,834,000 as against $16,959,000 a
year earlier, an increase of 29% and sales for the quarter were $9,444,000
compared to $7,057,000 for the third quarter of 2003.
Richard L. Bowers, President and C.E.O., said that results were
unfavorably impacted by sharp increases in the cost of oil and natural gas,
freight, and raw materials during the period. However, he said the company had
been compensating for these increases by raising the prices of its products but
that the increased selling prices, in most cases, lagged the cost increases.
Mr. Bowers stated that the Company relished the opportunity to
commission the new HITOX (Registered Trademark) titanium dioxide expansion in Corpus
Christi as the new process will substantially reduce the consumption of natural
gas. Commissioning is scheduled to begin the second week in November. He also
said that increased alumina mono oxyhydrate capacity would be available at the
Netherlands plant by the third week in November. This new capacity is planned,
in part, to allow for an expansion in production of the newly developed nano
pigments TOR BRITE (Registered Trademark) and TOR COAT (Registered Trademark) introduced in
August.
Based in Corpus Christi, Texas, TOR Minerals manufactures
pigments in Texas, Malaysia, and the Netherlands which are marketed
worldwide.
This statement provides forward-looking information as that
term is defined in the Private Securities Litigation Reform Act of 1995, and,
therefore, is subject to certain risks and uncertainties. There can be no
assurance that the actual results, business conditions, business developments,
losses and contingencies and local and foreign factors will not differ
materially from those suggested in the forward-looking statements as a result of
various factors, including market conditions, general economic conditions,
including the risks of a general business slow down or recession, the increasing
cost of energy, raw materials and labor, competition, advances
in technology, changes in foreign currency rates, freight price
increases, commodity price increases, delays in delivery of requirement
equipment and other factors.
Contact for Further Information:
David Mossberg
Beacon Street Group Investor Relations
(817) 459-2346
Tables Follow
TOR MINERALS INTERNATIONAL, INC.
CONSOLIDATED CONDENSED STATEMENTS OF INCOME
(Unaudited)
(in thousands, except per share amounts)
Three Months Ended
Nine Months Ended
September 30,
September 30,
2004
2003
2004
2003
NET SALES
$
9,444
$
7,057
$
21,834
$
16,959
Cost of products sold
7,683
5,318
16,916
12,607
GROSS MARGIN
1,761
1,739
4,918
4,352
GROSS MARGIN %
18.6%
24.6%
22.5%
25.7%
Selling, administrative and general
1,151
1,063
3,681
3,099
OPERATING INCOME
610
676
1,237
1,253
OTHER INCOME (EXPENSE):
Interest income
1
--
3
--
Interest expense
(79)
(83)
(158)
(205)
Other, net
2
28
(31)
26
INCOME BEFORE INCOME TAX
534
621
1,051
1,074
Taxes
61
9
147
27
NET INCOME
$
473
$
612
$
904
$
1,047
Earnings per common share:
Basic
$
0.06
$
0.09
$
0.11
$
0.15
Diluted
$
0.06
$
0.08
$
0.11
$
0.15
Weighted average common shares and equivalents
    outstanding:
Basic
7,779
7,119
7,719
7,036
Diluted
8,052
(1)
7,450
8,013
(2)
7,193
(1) 168,000 common shares related to the 200,000 convertible preferred
shares outstanding were excluded in the computation of diluted earnings per
share as the effect would be antidilutive.
(2) 153,000 common shares related to the 200,000 convertible preferred
shares outstanding were excluded in the computation of diluted earnings per
share as the effect would be antidilutive.
TOR MINERALS INTERNATIONAL, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS
September 30, 2004 and December 31, 2003
(in thousands)
September 30, 2004
December 31,
(Unaudited)
2003
ASSETS
Current assets
$
14,679
$
10,747
Property, plant and equipment, net
16,077
13,470
Goodwill, net
1,815
1,283
Other assets
--
42
Total Assets
$
32,571
$
25,542
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
$
8,727
$
7,978
Long-term debt, excluding current maturities
1,609
1,642
Deferred tax liability
123
--
Total Liabilities
10,459
9,620
Shareholders' equity
22,112
15,922
Total Liabilities & Shareholders' Equity
$
32,571
$
25,542