Xerium Technologies (XRM) Tops Q1 EPS by 13c, Beats on Revenues

Xerium Technologies (NYSE: XRM) reported Q1 EPS of $0.13, $0.13 better than the analyst estimate of $0.00. Revenue for the quarter came in at $126.1 million versus the consensus estimate of $122.39 million.

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 in 2017.
• Q1 2018 GAAP operating cash flow of $(12.2) million, net capital expenditures of $(2.4) million and free cash flow of $(14.6) million.

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

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