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Xerium Technologies Reports Third Quarter Results

CONFERENCE CALL

The Company plans to hold a conference call to discuss these results on the following date and time:

Date:   Wednesday, November 9, 2011
Start Time: 9:00 a.m. Eastern Time
Domestic Dial-In: +1-866-203-2528
International Dial-In: +1-617-213-8847
Passcode: 63490510
Webcast & Slide Presentation:

www.xerium.com/investorrelations

 

To participate on the call, please dial in at least 10 minutes prior to the scheduled start. A live audio webcast and replay of the call, in addition to a slide presentation, may be found in the investor relations section of the Company’s website at www.xerium.com.

NON-GAAP FINANCIAL MEASURES

This press release includes measures of performance that differ from the Company’s financial results as reported under generally accepted accounting principles (“GAAP”). The Company uses supplementary non-GAAP measures, including EBITDA and Adjusted EBITDA, to assist in evaluating its liquidity and financial performance, specifically in evaluating the ability to service indebtedness and to fund ongoing capital expenditures. The Company’s credit facility includes covenants based upon Adjusted EBITDA. If Adjusted EBITDA declines below certain levels, the Company could go into default under the credit facility or be required to prepay the credit facility. Neither Adjusted EBITDA nor EBITDA should be considered in isolation or as a substitute for income (loss) or cash flows from operations (as determined in accordance with GAAP).

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