reports
Moody's: Proposed acquisition by Andritz AG credit positive for Xerium
Moody's says on June 24, Xerium Technologies, Inc. (B2 stable) announced it will be acquired by Austria-based equipment supplier Andritz AG (unrated) for approximately $833 million in cash, including net financial liabilities of $590 million. The transaction is credit positive as Xerium's debt w...
Xerium Reports Q1 2018 Results
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM): First Quarter Highlights Q1 2018 net sales of $126.1 million compared to $119.9 million in 2017, an increase of 5.2% (see Table 1). Q1 2018 operating income of $16.1 million, compared to $14.6 million in 2017, an increase of 9.9%. Q1 2018 net income of $2.2 million compared to Q1 2017 net loss of $(2.8) million. Q1 2018 adjusted EBITDA of $25.4 million, compared to $26.6 million ...
Xerium Schedules First Quarter 2018 Earnings Conference Call
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM), a leading global provider of industrial consumable products and services, today announced that it plans to release its financial results for the first quarter 2018 after the close of regular market trading on Monday, April 30, 2018. The Company will hold a conference call following the release. The time and access details are as follows: ...
Xerium Reports Q4 and Full Year 2017 Results
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE:XRM): Fourth Quarter Highlights Q4 2017 net sales of $122.4 million compared to $113.2 million in 2016, an increase of 8% (see Table 1). Q4 2017 operating income of $9.6 million, compared to $8.8 million in 2016, an increase of 8%. Q4 2017 net loss of $(9.6) million compared to Q4 2016 net loss of $(8.9) million. Q4 2017 adjusted EBITDA of $22.7 million, compared to $20.4 million in 2016, an incr...
Xerium Celebrates Milestone of Its 1,000th TransForm Forming Fabric
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM), a leading global provider of industrial consumable products and services, recently celebrated sale of the 1,000th TransForm forming fabric. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180214005216/en/ (Graphic: Business Wire) Xerium’s unique TransForm portfolio of high-performance forming fabrics continues to deliver broad success on some of the most demanding paperboard and packaging pro...
Xerium Schedules Fourth Quarter and Full Year 2017 Earnings Conference...
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM), a leading global provider of industrial consumable products and services, today announced that it plans to release its financial results for the fourth quarter and full year 2017 after the close of regular market trading on Wednesday, February 28, 2018. The Company will hold a conference call following the release. The time and access details are as follows: Date: ...
Xerium Names Harald Weimer President of Europe
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Mark Staton, the President and CEO of Xerium Technologies, Inc. (NYSE: XRM) (“Xerium” or the “Company”), a leading global provider of industrial consumable products and services, announced today the hiring of Mr. Harald Weimer as Xerium’s President of Europe. Mr. Weimer will be based out of the Company’s Reutlingen, Germany facility and will be responsible for guiding the European operations to sustainable growth following the completion of the Company’s primary repositioning projects. Mr....
Xerium Reports Q3 2017 Results
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE:XRM): Highlights Q3 2017 net sales of $118.5 million compared to $119.2 million in Q3 2016 (See Table 1). Foreign currency resulted in a $1.6 million favorable impact. Q3 2017 gross margin of 37.4%, a 60 basis point year-over-year improvement. Q3 2017 income from operations of $16.0 million, up 44.5% compared to the prior-year period, primarily from lower restructuring costs and ...
Xerium Schedules Third Quarter 2017 Earnings Conference Call
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM), a leading global provider of industrial consumable products and services, today announced that it plans to release its financial results for the third quarter 2017 after the close of regular market trading on Monday, October 30, 2017. The Company will hold a conference call following the release. The time and access details are as follows: Date: ...
Xerium Introduces Maximus Press Felt Technology Portfolio
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM), a leading global provider of industrial consumable products and services, recently introduced Maximus - a totally new portfolio of press felt technology for today’s most demanding press positions. Maximus’ single-base structure design with lower fabric caliper delivers immediate start-up without the typical long break-in periods often required for conventional technology. In addition, its innovative drainage channels and special warp-bound ...
- Please Change Name Anna Zubets-Anderson
Xerium Technologies, Inc.: Update to Rating Rationale
CORPORATES CREDIT OPINION 9 August 2017 Update RATINGS Xerium Technologies, Inc. Domicile Raleigh, North Carolina, United States Long Term Rating B2 Type LT Corporate Family Ratings Outlook Stable Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Anna Zubets- Anderson 212
A director bought 10,000 shares at 6.230USD and
A director at Xerium Technologies Inc bought 10,000 shares at 6.230USD and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ...
Xerium Reports Q2 2017 Results
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE:XRM), a leading, global provider of industrial consumable products and services, today reported second quarter 2017 financial results. Mark Staton, President and Chief Executive Officer said, “We reported a strong result in the second quarter of 2017, marking a notable margin improvement as our restructuring efforts wind down and our global facilities shift to execution and efficiency. This led to a solid adjusted EBITDA result of $27.2 million during the pe...
Xerium Schedules Second Quarter 2017 Earnings Conference Call
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM), a leading global provider of industrial consumable products and services, today announced that it plans to release its financial results for the second quarter 2017 after the close of regular market trading on Monday, July 31, 2017. The Company will hold a conference call following the release. The time and access details are as follows: Date: ...
Xerium Hosts Customer Technical Seminar in Kunshan, China June 7-8, 20...
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM), a leading global provider of industrial consumable products and services, recently hosted over 120 customers for a technical seminar in Kunshan, China. The seminar titled, “Innovative Technology - Upgrade Your Paper Machine," was held at the Crowne Plaza Hotel in Kunshan, China June 7-8, 2017. Bob Burke, President of Xerium Asia commented, “More and more paper mills are looking for efficiency improvements in their existing machine asse...
Xerium Celebrates Shipment of 1000th Huycon Process Belt for Nonwoven ...
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM), a leading global provider of industrial consumable products and services, recently celebrated the shipment of its 1000th Huycon process belt from its plant in Gloggnitz, Austria. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170627005156/en/ Xerium Celebrates Shipment of 1000th Huycon Process Belt for Nonwoven Fabrics Production from Gloggnitz, Austria Facility (Photo: Business Wire) Xerium’s...
Xerium Awards Employment Inducement Award Pursuant to NYSE Rule 303A.0...
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM) (“Xerium” or the “Company”), a leading global provider of industrial consumable products and services, today announced the grant of a restricted stock unit award of up to 600,000 shares of common stock to Mr. Mark Staton under an Inducement Restricted Stock Unit Award Agreement. In addition, the Company filed with the SEC today a Form S-8 registering the shares underlying the award. The award was offered as an inducement to Mr. Staton in connection with his com...
Xerium Recognized as Participant Partner at N.C. State University’s ...
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM), a leading global provider of industrial consumable products and services, was recently presented an award for Participating Partner during the open house for The Nonwovens Institute (NWI) at North Carolina State University in Raleigh. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170601006479/en/ Randy Woodson - Chancellor N.C. State University (L), John Schauer - Global Product Manager - Nonwovens, Xerium ...
Xerium Awarded Machine Clothing and Rolls Business for Fibria’s Hori...
YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM), a leading global provider of industrial consumable products and services, today announced that the Company was recently awarded orders for machine clothing and rolls technology for Fibria’s new pulp machine at the Tres Lagoas mill in Brazil. The new machine is scheduled to go online in Q3/2017, adding 1.95 million tons of market pulp to Fibria’s annual production. “We are delighted to be one of the suppliers for Fibria’s new pulp machine at Horizon 2 ...
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