Login

XERIUM TECHNOLOGIES INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2018 10-Q, filed Jul 26, 2018. Its latest SEC filing is a SC 13G/A from Feb 14, 2019.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Makes engineered textile belts and roll covers for paper producers, and industrial fabrics for users in other industries.

How Did They Make Money?

Paper producers buy Xerium’s products and services; product sales are tied to delivery under shipping terms. For consigned machine clothing, payment terms begin when the customer installs the product or on an agreed deadline.

FY2017 revenue

Who Were Their Customers?

Markets its products primarily through a direct sales force to paper producers worldwide.

Did Revenues Turn Into Profits?

No. It lost $14.6M in FY2017.

Operating income, FY2017
11% of revenue
▲ +19% vs FY2016 ($46.1M, 10%)
Net income, FY2017
−3% of revenue
▼ −32% (Loss) vs FY2016 (−$21.6M, −5%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q2 FY2018, the three months to Jun 30, 2018
Revenue
▲ +4%
vs $120.3M in Q2 FY2017
Net income
▲ +27% (Loss)
vs −$3.4M in Q2 FY2017
  • Oct 17, 2018 Andritz completed its acquisition of Xerium Xerium became an indirect wholly owned subsidiary of Andritz and requested suspension and delisting of its shares from the NYSE.

Shrank. Revenue fell 12% in 4 years, from $546.9M in FY2013 to $481M in FY2017, about 3% a year.

New press-felt product Xerium introduced Maximus, a new press-felt technology portfolio; the older report describes forming fabrics and press felts in its product range.

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support