This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Xerium Technologies Reports Third Quarter Results 2009-11-05 17:46 ET - News Release
RALEIGH, N.C. -- (Business Wire)
Xerium Technologies, Inc. (NYSE:XRM), a leading global manufacturer of
industrial textiles and rolls used primarily in the paper production
process, today reported results for its third quarter ended September
30, 2009.
“While the global economy remains unstable, we are encouraged by some
early signs of recovery in three of our four geographic operating
regions, led by further reductions in customer inventory and improving
prices for paper and pulp,” said Stephen R. Light, President, Chief
Executive Officer and Chairman. “Our sales increased by approximately
eight percent in the third quarter of 2009 as compared to the second
quarter of 2009 while our gross margin as a percentage of sales remained
essentially constant indicating pricing stability. While our near-term
sales may not respond in the same manner as our booked future orders, an
increase in such orders and discussions with many of our major customers
indicate that they are feeling more positive about the future.”
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