Apr 09, 2008. /Lesprom.com/. Xerium Technologies, Inc. reported results for the 4Q ended December 31, 2007. Net sales for the 4Q 2007 were $164.2 million, a 6.2% increase from $154.6 million for the 4Q 2006. In the 4Q 2007, the Company recorded a non-cash charge for goodwill impairment of $185.3 million related to its roll covers segment. Net cash generated by operating activities was $40.5 million for the 4Q 2007, compared to $24.6 million in the same quarter last year as a result of improved working capital during the 4Q 2007. Stephen Light, President and CEO of Xerium Technologies, said, "My first priority is to satisfactorily resolve our current credit facility issues with our bank group and, secondly, to establish a capital structure that will allow for the long-term health of our business. Now that we've secured the default waiver through May 31st, we'll focus on determining the most economic means for addressing our capital requirements, including arranging long-term amendments to our credit agreement designed to provide us improved financial flexibility going forward." Xerium Technologies Inc. is a leading global manufacturer and supplier of two types of consumable products used primarily in the production of paper: clothing and roll covers.