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Last $17.61 USD
Change Today -0.74 / -4.03%
Volume 37.2K
XRM On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

xerium technologies inc (XRM) Key Developments

Xerium Technologies, Inc. Launches Huydura Family of Dewatering Wire Technology

Xerium Technologies Inc. has launched the Huydura family of dewatering wire technology for twin wire presses and double wire presses for pulp production. The innovative Huydura portfolio includes three product tiers providing the industry's most advanced pulp-making wire technology. Huydura AP, Huydura HD, and Huydura XL are specially engineered to provide optimum dewatering, sheet release, and durability at the high pressure loads. Huydura is also available in endless and seamed versions for the most demanding applications.

Xerium Technologies Inc. Announces Two Plant Expansion Projects

In January of 2015, Xerium Technologies Inc. announced two plant expansion projects in its roll cover and mechanical services business. The company announced the expansion of two roll and service plants in Griffin, Georgia and Neenah, Wisconsin to broaden both its mechanical service offerings and product offerings.

Xerium Technologies Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Free Cash Flow Guidance for the Year 2015

Xerium Technologies Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net sales were $130,967,000 against $133,721,000 a year ago. Income from operations was $17,483,000 against $7,684,000 a year ago. Income before provision for income taxes was $7,799,000 against loss of $1,249,000 a year ago. Net income was $11,159,000 or $0.68 per diluted share against net income of $3,443,000 or $0.21 per diluted share a year ago. Adjusted EBITDA was $29,381,000 against $24,070,000 a year ago, this was an increase of 21% compared to fourth quarter of 2013, primarily due to constant currency sales improvements and continued cost reduction initiatives implemented by the company. Net debt (which is defined as total debt less cash) increased to $459.9 million from $455.5 million in third quarter of 2014. For the year, net sales were $542,932,000 against $546,892,000 a year ago. Income from operations was $60,185,000 against $53,372,000 a year ago. Income before provision for income taxes was $22,698,000 against $8,516,000 a year ago. Net loss was $7,382,000 or $0.48 per diluted share against net income of $4,153,000 or $0.26 per diluted share a year ago. Net cash provided by operating activities was $6,892,000 against $36,114,000 a year ago. Capital expenditures, gross were $45,218,000 against $44,145,000 a year ago. Adjusted EBITDA was $115,969,000 against $107,325,000 a year ago, this was an increase of 6% compared to 2013, on a constant currency basis, primarily due to continued cost reduction initiatives implemented by the company. For the year 2015, the company’s free cash flow is expected to be positive by $5 million to $10 million and net debt will be relatively unchanged due to the addition of capital leases, primarily related to the China facility. The company’s adjusted EBITDA is expected to reach $120 million this year at constant currency rates as the company’s new sales programs and cost-out programs continue to improve its results.

Xerium Technologies Inc. to Report Q4, 2014 Results on Mar 03, 2015

Xerium Technologies Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 03, 2015

Xerium Technologies Inc., Q4 2014 Earnings Call, Mar 04, 2015

Xerium Technologies Inc., Q4 2014 Earnings Call, Mar 04, 2015

 

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