Last $13.35 USD
Change Today -0.13 / -0.96%
Volume 51.3K
XRM On Other Exchanges
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

xerium technologies inc (XRM) Snapshot

Open
$13.50
Previous Close
$13.48
Day High
$13.74
Day Low
$13.35
52 Week High
03/5/14 - $17.99
52 Week Low
04/22/13 - $7.94
Market Cap
205.4M
Average Volume 10 Days
84.0K
EPS TTM
$1.03
Shares Outstanding
15.4M
EX-Date
03/18/08
P/E TM
13.0x
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 for 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 to 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 various purpose conveying rolls used in paper-making machines. This segment also offers 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 under the Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec, and Xibe brands to the paper industry’s producers through its direct sales force worldwide. Xerium Technologies, Inc. was founded in 1999 and is headquartered in Youngsville, North Carolina.

3,200 Employees
Last Reported Date: 03/4/14
Founded in 1999

xerium technologies inc (XRM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $251.9K
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: $392.3K
Compensation as of Fiscal Year 2012.

xerium technologies inc (XRM) Key Developments

Xerium Technologies, Inc. Names Wern-Lirn (Paul) Wang as President of Asia

Xerium Technologies Inc. announced the hiring of Mr. Wern-Lirn (Paul) Wang to the position of Xerium - President of Asia. Mr. Wang will be based in Xerium's Asia headquarters office in Shanghai, China and will have full responsibility for the fast-growing Asia region. Mr. Wang will be responsible for delivering Xerium-Asia's long-term and short-term business plans, maintaining and strengthening customer relationships, leading improvement initiatives and accelerating growth and profit rates. Wern-Lirn (Paul) Wang has 30 years of technical, operational, managerial and executive leadership experience.

Xerium Technologies Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Full Year of 2014

Xerium Technologies Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net sales of $133,721,000 compared to $133,767,000 a year ago. Income from operations was $7,684,000 compared to loss from operations of $6,094,000 a year ago. Loss before benefit for income taxes was $1,249,000 compared to $15,749,000 a year ago. Net income was $3,443,000 or $0.21 per diluted share compared to net loss of $9,082,000 or $0.59 per diluted share a year ago. EBITDA was $16,718,000 compared to $4,231,000 a year ago. Adjusted EBITDA was $24,070,000 compared to $20,612,000 a year ago. For the year, the company reported net sales of $546,892,000 compared to $538,740,000 a year ago. Income from operations was $53,372,000 compared to $16,396,000 a year ago. Income before benefit for income taxes was $8,516,000 compared to loss before benefit for income taxes $21,597,000 a year ago. Net income was $4,153,000 or $0.27 per diluted share compared to net loss of $18,035,000 or $1.18 per diluted share a year ago. Net cash provided by operating activities were $36,114,000 compared to $39,322,000 a year ago. EBITDA was $85,600,000 compared to $57,120,000 a year ago. Adjusted EBITDA was $107,325,000 compared to $89,229,000 a year ago. Capital expenditures, gross were $44,145,000 against $21,705,000 a year ago. For the year 2014, the company cost reductions drove the majority of the company's 2013 Adjusted EBITDA improvement, and will drive the company's 2014 Adjusted EBITDA expected improvement. The company expects to spend $24 million in 2014. However, restructuring expenditures are expected to decline to about $10 million in both the 2015 and 2016, respectively. The company expects to free up cash flow this year of $6 million to $8 million and have higher EBITDA.

Xerium Technologies Inc., Q4 2013 Earnings Call, Mar 05, 2014

Xerium Technologies Inc., Q4 2013 Earnings Call, Mar 05, 2014

 

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Price/Earnings 51.1x
Price/Sales 0.4x
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Price/Cash Flow 49.5x
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