Somero Enterprises, Inc. Provides Earnings Guidance for the Year 2024
March 05, 2024 at 02:00 am EST
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Somero Enterprises, Inc. provided earnings guidance for the year 2024. For the year, the board expects the company to deliver strong revenues, profits, and cash flows to shareholders, supported by a strong balance sheet with no outstanding debt and full availability of it's USD 25.0 million credit facility. The health of the non-residential construction markets in the US, Europe and Australia form the foundation of the Company's 2024 expectations. With all factors considered, 2024 revenues are expected to be comparable with 2023.
Somero Enterprises, Inc. designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring and placing equipment, related parts and accessories, and training services around the world. Its products are machinery used in the process of horizontal concrete placement. Its product categories include Lightweight Screeds, Ride-on Laser Concrete Screeds, Boom Screeds, Skyline Stationary Laser Screeds, Materials Placement, and Software Packages. Its Lightweight Screeds include Mini Screed C and CopperHead XD 3.0. Its Ride-on Laser Concrete Screeds consist of S-485 Laser Screed and S-940 Laser Screed. Its Boom Screeds include S-28EZ Laser Screed, S-PS50 Laser Screed, and others. Its Skyline Stationary Laser Screeds consist of SkyScreed 36 (SkyStrip). Its Materials Placement includes Broom + Cure Machine, Somero LineDragon, and STS-11M Topping Spreader. Its software packaging includes 3-D Concrete Profiler System, SiteShape System, and Somero Floor Levelness System.