Youngsville, NC, October 27, 2016 (BUSINESS WIRE) -- Xerium Technologies, Inc. (NYSE:XRM), a leading, global provider of highly engineered, industrial consumable products and integrated services today reported third quarter 2016 financial results.
Third quarter sales were $119.2 million compared to prior-year sales of $117.7 million. On a constant currency basis, sales were up 0.9%, compared to the third quarter of 2015. Higher sales during the period reflect a 7.3% year-over-year increase in the Company’s Rolls segment, mostly from the recent acquisition of Spencer Johnston. Higher Rolls segment volume was partially offset by a 3.0% decrease in Machine Clothing segment sales on a constant currency basis, due in part to temporary production output issues that the Company is addressing.