But even with the European crisis continuing, we substantially improved our consolidated gross margins by nearly three full percentage points from the first quarter as a result of our cost reduction activities and favorable product mix which partially offset Europe’s below expectation volume.We also significantly improved our adjusted EBITDA from Q1. In the quarter, we increased consolidated adjusted EBITDA by 35% over Q1’s results and 21% without unusual adjustments on just a 1.5% consolidated revenue increase.
Xerium Technologies's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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