Aug 12, 2010. /Lesprom Network/. Xerium Technologies, Inc. reported results for its 2Q ended June 30, 2010. Net sales for the 2Q 2010 were $132.8 million, a 9.9% increase from net sales for the 2Q 2009 of $120.8 million. Excluding currency effects 2Q 2010 net sales increased 11.4% from the 2Q 2009, with increases of 12.5% and 9.3% in the clothing and roll covers segments, respectively, the company said in a statement received by Lesprom Network. Gross margins increased to $51.7 million for the 2Q 2010 from $45.6 million for the 2Q 2009, which represented a 13.4% increase. The company’s operating expenses (selling, general and administrative, restructuring and impairments and research and development expenses) for the 2Q 2010 increased by $14.7 million to $41.0 million, a 55.9% increase from operating expenses of $26.3 million in the 2Q 2009. Net loss for the 2Q 2010 was $40 million, compared to net income of $1.6 million for the 2Q 2009. Adjusted EBITDA (as defined by the company’s existing credit facility which was entered into on May 25, 2010) was $25.2 million for the 2Q 2010. The definition of Adjusted EBITDA in 2010 is different than the definition in the company’s prepetition credit facility which was used for 2009. Had the definition of Adjusted EBITDA for 2010 been in place for 2009, Adjusted EBITDA for the 2Q 2009 would have been $32.4 million. “Excluding currency effects, in the 2Q 2010 we grew our clothing and rolls sales by 12.5% and 9.3%, respectively, over the second quarter last year, as we continue to exercise pricing discipline while bringing tangible value to our cost-conscious customer base,” said Stephen R. Light, President, CEO and Chairman. “We are very encouraged that most of our markets appear to be moving beyond recovery and into the industry-typical growth rate; we have not seen signs of a return to the inventory stock-piling that so severely plagued our industry before the market downturn. Even as further economic recovery may be uneven, we see a very real opportunity to gain market share as we accelerate the introduction of an even more competitive array of products that improve our customers’ paper making processes, reduce internal waste and shorten our delivery lead times.” 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.