Xerium Technologies (XRM) Reports Q2 Loss of $0.26, Revenues Beat
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Xerium Reports Q2 2018 Results
July 26, 2018 4:05 PM EDTYOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Xerium Technologies, Inc. (NYSE: XRM):
Second Quarter Highlights
On June 24, 2018, as a result of the previously announced strategic alternatives review process, Xerium entered into an Agreement and Plan of Merger (the Merger Agreement), pursuant to which Andritz AG (Andritz) will acquire Xerium for $13.50 per share through the merger of an indirect wholly owned subsidiary of Andritz with and into Xerium (the Merger). Q2 2018 net sales were $125.3 million compared to $120.3 million in 2017, an increase of 4.1% (see Table 1).... More