Xerium Technologies (XRM) Posts Q4 Loss of $0.25/Share
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Xerium Reports Full Year and Q4 2016 Results
March 1, 2017 5:12 PM ESTHighlights
Full year 2016 GAAP operating cash flow of $36.5 million and capital expenditures of $13.7 million resulting in free cash flow of $22.8 million. Full year 2016 sales of $471.3 million compared to $477.2 million in 2015, a 1% decline (see Table 2). Full year operating income of $46.1 million, compared to $46.0 million in 2015, approximately flat. Full year adjusted EBITDA of $95.4 million, compared to $101.9 million in the prior year. Q4 2016 sales of $113.2 million were down 2% from $115.3 million in Q4 2015 (see Table 1). Q4 2016 operating income of $8.8 million and adjusted EBITDA of $20.4 million... More