Xerium Announces Analyst Coverage Initiated by Macquarie Capital
February 04 2015 - 4:30PM
Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of
industrial consumable products and services, is pleased to announce
that Macquarie Capital has initiated analyst coverage on Xerium.
"We are pleased that the investor community following Xerium is
growing. The company's long term plan is to increase its share of
the growing global markets in which we participate," said Harold
Bevis, Xerium's President and CEO. "By selectively reinvesting in
our business, we expect to generate high free cash flows that will
enable the pay down of over half our debt by 2020."
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 Technologies
Xerium 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 26 manufacturing facilities in 12
countries around the world and employs approximately 3,100
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, 2013,
our Form 10-Qs for the quarters ended March 31, 2014, June 30, 2014
and September 30, 2014 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.
CONTACT: Xerium Technologies, Inc.
Cliff Pietrafitta, 919-526-1444
Investor Relations
IR@xerium.com
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