Xerium Technologies (XRM) Reports Q4 Loss of $0.58, Beats on Revenues

Note: EPS may not be comparable

Xerium Technologies (NYSE: XRM) reported Q4 EPS of ($0.58), versus $0.00 reported last year. Revenue for the quarter came in at $122.4 million versus the consensus estimate of $112.81 million.

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 increase of 11% (see Table 3 and Table 5 and “Non-GAAP Financial Measures” below).
• Q4 2017 GAAP operating cash flow of $25.8 million, capital expenditures of $(1.8) million and proceeds on asset sales of $1.8 million resulted in free cash flow of $25.8 million (see Table 6 and “Non-GAAP Financial Measures” below).
• Total debt at December 31, 2017 was $508.9 million compared to $523.8 million at September 30, 2017. Net debt declined to $504.7 million, or 5.0x adjusted EBITDA at December 31, 2017 from $527.9 million, or 5.4x adjusted EBITDA at the end of Q3 2017.

For earnings history and earnings-related data on Xerium Technologies (XRM) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c