xerium technologies inc (XRM) Key Developments
Xerium Technologies Introduces Blue Diamond Advanced Polyurethane Roll Cover Technology
May 21 15
Xerium Technologies Inc. launched Blue Diamond, a new generation of advanced polyurethane roll cover technology for superior performance on the harshest of press nip conditions. Blue Diamond roll covers are specifically engineered to deliver exceptional stability in the most demanding nip conditions providing long-running dewatering performance and superior resistance to groove closure, which is critical for consistent venting performance. The new roll covers are available in grooved and drilled patterns and include the company’s exclusive Fusion bonding system for additional life.
Xerium Technologies Inc. Presents at Macquarie's Triple M: Global Metals, Mining & Materials Conference 2015, Jun-10-2015
May 16 15
Xerium Technologies Inc. Presents at Macquarie's Triple M: Global Metals, Mining & Materials Conference 2015, Jun-10-2015 . Venue: Omni Berkshire Place, 21 East 52nd Street (Between Madison & 5th Avenues), New York, NY 10022, United States.
Xerium Technologies Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015
May 11 15
Xerium Technologies Inc. announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $1.7 million or $0.11 per basic and diluted share on revenue of $121.0 million compared to net income of $1.2 million or $0.07 per basic and diluted share on revenue of $133.4 million reported in the same period last year. Income from operations was $14.2 million against $12.6 million reported last year. Income before provision for income taxes was $5.5 million against $3.1 million reported last year. Net cash provided by operating activities was $8.0 million against $2.8 million reported last year. Capital expenditures, gross were $12.2 million against $10.5 million reported last year. Net debt (which is defined as total debt less cash) increased to $464.7 million in the quarter from $459.9 million in the fourth quarter of 2014. Basic adjusted earnings per share was $0.28 against $0.32 reported last year. EBITDA was $22.4 million against $20.4 million reported last year. Adjusted EBITDA was $26.2 million against $25.7 million reported last year.
For the year 2015, the company incrementally more confident in its full-year performance due to the acceleration of earnings optimization programs. The company expects to achieve full year 2015 adjusted EBITDA of $120-122 million. The company expects to spend approximately $50 million in 2015 on capital expenditures.
Xerium Technologies Inc. Launches Huycon Air Belt Technology for Nonwoven Airlaid Applications
May 5 15
Xerium Technologies Inc. launched Huycon Air technology for nonwoven airlaid applications. An extension to the globally established Huycon portfolio, Huycon Air incorporates a 2-1/2 layer base fabric with a fine-mesh product side with engineered air-channel-geometry for excellent web formation, retention and release. Huycon Air also incorporates conductive yarns cross-linked by a specially engineered conductive edge sealing providing superb static electricity dissipation. The industry-proven Huycon product portfolio provides a complete range of belts specifically designed to produce top quality webs ranging from robust industrial fabrics to highly critical medical and hygiene products. The company's newly introduced Huycon Air belt extends Huycon spunlaid technology to the airlaid manufacturing process.
Xerium Technologies Inc. to Report Q1, 2015 Results on May 11, 2015
Apr 21 15
Xerium Technologies Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 11, 2015