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TheStreet Open House

Xerium Technologies Reports Steady Sales And Orders And Implementation Of Cost Reduction And Sales Growth Actions

(2) Trade Accounts Payables equals Accounts Payable less Deposits Received of $3,810 and $5,814 for 2012 and 2011, respectively and Other Payables of $3,166 and $4,852 for 2012 and 2011, respectively.

CONFERENCE CALL

The Company plans to hold a conference call on the following afternoon:

Date:             Tuesday, March 12, 2013
Start Time: 3:00 p.m. Eastern Time
Domestic Dial-In: +1-866-362-4820
International Dial-In: +1-617-597-5345
Passcode: 21282463
Webcast:

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 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, Adjusted EBITDA, currency effects on Net Sales and Trade Working Capital to assist in evaluating its liquidity and financial performance. EBITDA and Adjusted EBITDA are specifically used 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 its 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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