Xerium Technologies (XRM) Tops Q2 EPS by 3c
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Xerium Reports Q2 2016 Results
August 2, 2016 4:15 PM EDTHighlights
Q2 2016 Sales of $124.0 million compared to $123.1 in the prior-year; up 6.1% sequentially on constant currency basis. Repositioning efforts starting to take traction. GAAP operating income of $14.7 million, an increase of 8.4% year-over-year. Adjusted EBITDA of $27.6 million; essentially flat compared to the prior year period and up 15% sequentially due to increased sales volumes. Q2 2016 free cash flow of $0.6 million, net of a $10.7 million semi-annual interest payment; a $9.7 million year-over-year improvement due to the completion of the repositioning investments. Acquired JJ Plank/Spencer... More