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Xerium reports 4Q loss

YOUNGSVILLE, N.C. (AP) _ Xerium Technologies Inc. (XRM) on Wednesday reported a loss of $8.9 million in its fourth quarter.

The Youngsville, North Carolina-based company said it had a loss of 55 cents per share. Losses, adjusted for non-recurring costs and restructuring costs, came to 25 cents per share.

The industrial consumable products provider posted revenue of $113.2 million in the period.

For the year, the company reported that its loss widened to $21.6 million, or $1.35 per share. Revenue was reported as $471.3 million.

Xerium shares have decreased roughly 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.18, a fall of 31 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XRM at https://www.zacks.com/ap/XRM


Keywords: Xerium Technologies, Earnings Report