Xerium clothing segment sales remain unchanged in Q2
09 Aug '07
3 min read
• Separately, the Company announced today that on August 7, 2007, its Board of Directors had declared a dividend of $0.1125 per share of common stock payable on September 14, 2007 to shareholders of record as of the close of business on September 5, 2007.
Thomas Gutierrez, Chief Executive Officer of Xerium Technologies, said, "We announced last quarter that we were implementing a number of significant initiatives designed to diminish the impact of market pressures on our business."
"I am pleased to report that even though our operating environment continues to be challenging, we are beginning to see measurable results from those actions, including both improved sales and income form operations from first quarter levels this year."
"Our clothing business continues to demonstrate resiliency and promise for the future as new customer contracts are secured and the operating difficulties that we faced in 2006 are put behind us."
"The path to incremental growth for this segment rests with our ability to continue to increase the value we bring to our customers, building on a history of helping customers reduce their costs and continuing to introduce new products that deliver enhanced performance and efficiency."
"The expansion programs we have announced in Asia and South America are on track and represent another key element of our growth plans for our clothing business."
marketing@alchempro.com
