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Xerium Investor Update

Stocks in this article: XRM

YOUNGSVILLE, N.C., July 16, 2014 (GLOBE NEWSWIRE) -- Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of industrial consumable products and services, today issued an investor update.

Q2 2014 Financial Results

The company plans to file its results for Q2 2014 after the close of trading on Tuesday, August 5, 2014.

Q2 2014 Presentation and Conference Call

The company plans to make a public presentation and conduct a public conference call regarding its results on August 6, 2014 at 9:00 am ET.

Conference call details:  
Domestic Dial-In: +1-866-270-6057
International Dial-In: +1-617-213-8891
Passcode: 41877256
Webcast & Slide Presentation: www.xerium.com/investorrelations

To participate on the call, please dial in at least 10 minutes prior to the scheduled start. 

Presentation viewing details:

A live audio webcast and replay of the call, in addition to the materials used in the presentation, will be available in the investor relations section of the company's website at www.xerium.com/investorrelations . Please click on the earnings call event link that will appear on the IR homepage.

Jefferies 2014 Global Industrials Conference

Xerium will be presenting at the Jefferies 2014 Global Industrials Conference in New York and conducting one-on-one meetings with interested investors. Harold Bevis, President and CEO, Cliff Pietrafitta, Executive Vice President and CFO, and Dave Pretty, President of North America and Europe, will be the company's attendees and will be presenting at the conference at 9:00 am ET on Thursday, August 14, 2014.

This presentation will also be webcast live at www.xerium.com/investorrelations . Please click on the event link that will appear on the IR homepage. A replay of the presentation and a copy of the materials used in the presentation will also be available on Xerium's investor relations website. 

The company will also be available to meet one-on-one with investors the day before and the day of the presentation. If you have interest in one of these sessions please contact Isabel Zakoscielny at izakoscielny@jefferies.com

Q2 2014 Preliminary Results and Full Year 2014 Remain on Forecast

Q2 2014 preliminary results indicate the company's performance was in-line with previous guidance. Sales for Q2 2014 were approximately $139.7 million, which was an increase of 1.0% over Q2 2013 and an increase of 4.7% over Q1 2014. Adjusted EBITDA for Q2 2014 was approximately $29.4 million and net income for the quarter was approximately $0.8 million. See "Non-GAAP Financial Measures" below.

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