Xerium Technologies, Inc. (NYSE: XRM), a leading global provider of industrial consumable products and services, is pleased to announce that R.W. Pressprich & Co. has initiated analyst coverage on Xerium.
“We are pleased that the investor community is becoming more interested in Xerium. The company is in the beginning stages of a multi-year improvement plan, its markets are stable, and we are pursuing logical avenues for new top-line growth,” said Harold Bevis, Xerium's President and CEO. “Our results speak for themselves and are a testament to both the strength of the business and the strength of the team at Xerium.”
Any opinions, estimates or forecasts regarding Xerium's performance made by these analysts are theirs alone and do not represent the opinions, forecasts or predictions of Xerium or its management. Xerium does not imply its endorsement of or concurrence with such information, conclusions or recommendations.
About Xerium TechnologiesXerium Technologies, Inc. (NYSE:XRM) is a leading global provider of industrial consumable products and services. Xerium utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. Xerium has 28 manufacturing facilities in 12 countries around the world and employs approximately 3,200 employees. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “goals,” variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Forward-looking statements involve risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. These risks and uncertainties include the following items: (1) our past results are not guarantees of future results; (2) our plans to improve and to pursue top-line growth may not be as successful as we anticipate; (3) our industry markets may not remain stable; and (4) the other risks and uncertainties discussed elsewhere in this press release, our Form 10-K for the year ended December 31, 2012, our Form 10-Qs for the quarters ended March 31, 2013, June 30, 2013 and September 30, 2013 and our other SEC filings. If any of these risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement in this press release reflects our current views with respect to future events. Except as required by law, we assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise. Copies of our SEC filings are available from the SEC and in the investor relations section of our website at www.xerium.com.