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Last $16.19 USD
Change Today +0.33 / 2.08%
Volume 73.8K
XRM On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

xerium technologies inc (XRM) Snapshot

Open
$15.80
Previous Close
$15.86
Day High
$16.23
Day Low
$15.77
52 Week High
03/31/14 - $16.44
52 Week Low
05/9/14 - $11.20
Market Cap
251.9M
Average Volume 10 Days
45.1K
EPS TTM
$0.23
Shares Outstanding
15.6M
EX-Date
03/18/08
P/E TM
71.5x
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: $340.0K
President of Xerium North America and Europe
Total Annual Compensation: $405.0K
President of Xerium - South America
Total Annual Compensation: $380.7K
Compensation as of Fiscal Year 2013.

xerium technologies inc (XRM) Key Developments

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

 

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