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Last $17.01 USD
Change Today -0.13 / -0.76%
Volume 12.6K
XRM On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

xerium technologies inc (XRM) Snapshot

Open
$17.00
Previous Close
$17.14
Day High
$17.12
Day Low
$16.95
52 Week High
04/27/15 - $18.93
52 Week Low
08/5/14 - $12.64
Market Cap
265.2M
Average Volume 10 Days
27.4K
EPS TTM
$0.20
Shares Outstanding
15.6M
EX-Date
03/18/08
P/E TM
85.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for XERIUM TECHNOLOGIES INC (XRM)

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xerium technologies inc (XRM) Details

Xerium Technologies, Inc. manufactures and supplies consumable products primarily used in the production of paper. The company operates in two segments, Machine Clothing and Roll Covers. The Machine Clothing segment provides various types of industrial textiles used on paper-making machines and other industrial applications. It offers forming fabrics that are used at the beginning of paper-making machines; press felts for carrying the paper sheet through a series of press rolls that mechanically press water from the sheet under high pressure; and dryer fabrics that transport the paper sheet through the drying section of paper-making machines. This segment also provides other fabrics, which are used in other industrial applications, such as pulp, non-woven textiles, fiber cement, tannery sludge dewatering, and textiles manufacturing; and auto-joining equipment used in machine clothing production. The Roll Covers segment manufactures, refurbishes, and replaces roll covers, including suction rolls, lump breaker rolls, coater rolls, sizing rolls, calendar rolls, and other conveying rolls used in paper-making machines. This segment also provides refurbishment services for previously installed roll covers; and mechanical maintenance and repair services for the internal mechanisms of rolls, as well as manufactures and repairs spreader rolls. The company markets its products to the paper industry worldwide through its direct sales force under the Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec, and Xibe brands. Xerium Technologies, Inc. was founded in 1999 and is headquartered in Youngsville, North Carolina.

3,100 Employees
Last Reported Date: 03/4/15
Founded in 1999

xerium technologies inc (XRM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $665.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $355.0K
President of Xerium North America and Europe
Total Annual Compensation: $405.0K
President of Xerium - South America
Total Annual Compensation: $386.0K
President of Asia
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

xerium technologies inc (XRM) Key Developments

Xerium Technologies Introduces Blue Diamond Advanced Polyurethane Roll Cover Technology

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. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

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

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.

 

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