Somero Share News (SOM)

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.

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Somero annual profit falls as costs grow; reduces dividends

(Alliance News) - Somero Enterprises Inc on Wednesday said annual profit fell, despite revenue ticking up, as operating expenses and cost of sales rose, prompting it to reduce its total dividend for the year.

Somero Enterprises earnings fall despite record revenue

(Sharecast News) - Concrete placement equipment specialist Somero Enterprises said in its final results on Wednesday that its sales had surpassed its record-setting revenue of 2021, which themselves had grown an impressive 50% over 2020.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Somero revenue short of outlook; SigmaRoc optimistic

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

TRADING UPDATES: Braveheart Investment ups stake in Aukett Swanke

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

Somero confirms no damage or disruption from Hurricane Ian

(Sharecast News) - Concrete laser screed company Somero updated the market on its Florida facilities on Wednesday, in the wake of the devastating Hurricane Ian.

Somero Enterprises shares down as interim profit slips but ups payout

(Alliance News) - Somero Enterprises Inc on Wednesday reported a dip in interim profit despite a rise in revenue, citing increased staffing-related expenses.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Somero expects 2022 results in line with expectations

Somero Enterprises Inc - Fort Myers, Florida-based laser-guided machinery concrete levelling - Says trading in first half ended higher than the comparable period in 2021, driven by positive momentum from a highly active US non-residential construction market, healthy market conditions and elevated activity levels in the European and Australian markets. Looking ahead, it continues to anticipate healthy trading to continue in second half of 2022. As such, 2022 results are anticipated to fall in line with market expectations for revenue of approximately USD138.8 million, earnings before interest, tax, depreciation, and amortization of USD47.7 million, and year-end cash of approximately USD39.9 million.

Somero pleased with first-half momentum

(Sharecast News) - Somero updated the market on its trading on Tuesday, reporting positive momentum from a "highly active" US non-residential construction market, healthy market conditions and elevated activity levels in the European and Australian markets.

TRADING UPDATES: Steppe Cement annual profit rises, withholds payout

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

Somero trading buoyant on 'healthy' construction market

(Sharecast News) - Laser concrete screeding technology developer Somero Enterprises said in an update on Monday that in the five months through May, the non-residential construction market had remained "healthy".

UK shareholder meetings calendar - next 7 days