Somero Share News (SOM)

UK dividends calendar - next 7 days

IN BRIEF: Somero revenue and profit drop but keeps positive outlook

Somero Enterprises Inc - Fort Myers, Florida-based laser-guided concrete levelling machinery company - Says revenue in 2023 fell 9.7% to USD120.7 million from USD133.6 million the year before. Pretax profit also fell as a result by 19% to USD33.2 million from USD40.8 million in 2022. Declares a final dividend of US13.2 cents, down 27% from US18.0 cents the previous year. Looking ahead, Somero maintains a positive outlook, indicating that it is confident in its long-term prospects.

Somero confident despite weaker set of full-year results

(Sharecast News) - Concrete levelling equipment specialist Somero Enterprises reported a weaker set of final results for 2023 on Tuesday, following declines in its core North American market.

UK earnings, trading statements calendar - next 7 days

EARNINGS AND TRADING: STV raises holding in Two Cities Television

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Somero ends year in line with expectations

(Sharecast News) - Somero Enterprises reported a strong financial performance for 2023 in an update on Wednesday, pencilling in full-year revenue of $120.7m, in line with market expectations.

IN BRIEF: Somero Enterprises' former president sells 99,676 shares

Somero Enterprises Inc - Fort Myers, Florida-based laser-guided concrete levelling machinery company - Announces that as a result of a procedural error when agreeing the termination of his employment, which was announced on August 29, John Yuncza, previously president remains a director of the company at this time.

Somero Enterprises interim profit falls but optimistic for outlook

(Alliance News) - Somero Enterprises Inc on Thursday reported a lower profit as revenue declined due to a fall in North America revenue.

Somero still confident despite weak first half

(Sharecast News) - Somero Enterprises reported a decline in first-half revenues on Thursday, but expressed optimism for improved trading in the latter half of the year.

IN BRIEF: Somero Enterprises says John Yuncza steps down as president

Somero Enterprises Inc - Fort Myers, Florida-based laser-guided concrete levelling machinery - Says that John Yuncza has stepped down from his role as president, effective August 28. He has also left his seat on the board of directors.

Somero president steps down ahead of interim results

(Sharecast News) - Somero Enterprises announced on Tuesday that John Yuncza had stepped down from his position as president and from its board of directors, effective 28 August.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Somero backs 2023 market consensus amid improved trading

Somero Enterprises Inc - Fort Myers, Florida-based laser-guided concrete levelling machinery - Says revenue for the six months ended June 30 was at the top end of guidance of between USD54.8 million and USD58.2 million. This reflects a decline of at least 15% from USD68.5 million a year prior, driven by weaker North American trading. Expects improved trading in North America in the second half of the year due to the increased availability of its S-22EZ laser screen machine. Somero also anticipates "healthy" contributions to trading in the second half of 2023 from Europe and Australia. Remains confident 2023 results will fall in line with market expectations of USD120 million in revenue, down 10% from USD133.6 million in 2022, and earnings before interest, tax, depreciation and amortisation of USD36 million, down 22% from USD46 million. Year-end cash is expected to be about USD32 million, down from USD33.7 million a year before.

Somero trading as expected despite North America slowdown

(Sharecast News) - Construction sector player Somero said in a first-half update on Monday that its major markets had experienced healthy conditions in non-residential construction, resulting in trading for the period ending at the high end of the guidance range it specified on 20 June.

IN BRIEF: Somero shares drop as lower annual revenue predicted

Somero Enterprises Inc - Fort Myers, Florida-based laser-guided concrete levelling machinery specialist - Expects revenue for the first half of 2023 to drop between 15% and 20% from USD68.5 million a year prior. Predicts 2023 revenue to be around USD120.0 million, down 12% from USD136.6 million the year before. Cites delayed starts to non-residential construction projects in the US, driven by higher interest rates and tightened lending standards. Says trading momentum in Australia and Europe remains positive.