Somero Enterprises reaffirms guidance despite first-half weakness
9th Sep 2025 14:52
(Sharecast News) - Somero Enterprises reported a sharp fall in first-half revenue and profits on Tuesday, as challenging market conditions weighed on demand, but it reaffirmed full-year guidance on the back of seasonal improvements and contributions from new products.
Read moreSomero maintains expectations despite some market uncertainty
17th Jun 2025 12:34
(Sharecast News) - Somero Enterprises said in an update on Tuesday that it still expected full-year revenue, profitability and cash generation to meet the revised guidance it issued in April, as market conditions remained stable heading into the second half of the year.
Read moreSomero reports weak quarter, revises guidance downwards
24th Apr 2025 12:01
(Sharecast News) - Somero Enterprises reported weaker-than-expected trading in the first quarter on Thursday, as elevated interest rates and growing macroeconomic uncertainty weighed on capital investment decisions in its core US non-residential construction market.
Read moreSomero Enterprises appoints new chief executive officer
27th Mar 2025 11:36
(Sharecast News) - Somero Enterprises announced the appointment of Tim Averkamp as its new chief executive officer on Thursday, effective 1 April, following a comprehensive selection process.
Read moreSomero Enterprises ends year in line with guidance
30th Jan 2025 16:30
(Sharecast News) - Concrete slab measurement and installation equipment specialist Somero Enterprises reported 2024 full-year revenue of $109.2m in an update on Thursday, in line with guidance and market expectations.
Read moreSomero CEO to retire, chair to step down
20th Dec 2024 10:25
(Sharecast News) - Somero Enterprises announced significant leadership changes on Friday, with chief executive officer and president Jack Cooney set to retire on 31 March after 27 years with the company.
Read moreSomero still confident despite challenging first half
29th Aug 2024 12:54
(Sharecast News) - Concrete levelling equipment specialist Somero Enterprises reported a decline in first-half revenue and profitability on Thursday, attributing the downturn to a combination of external factors including elevated interest rates, labour shortages, concrete rationing, and inclement weather across key markets.
Read moreSomero lowers expectations after tough first half
30th Jul 2024 13:11
(Sharecast News) - Somero Enterprises said in a trading update on Tuesday that, while the broad US non-residential construction market remained healthy, its recent trading in North America had been impacted by project start delays and pauses due to elevated interest rates, labour shortages and concrete rationing.
Read moreSomero trading in line with expectations
17th Jun 2024 09:07
(Sharecast News) - Somero Enterprises said in an update on Monday that trading for the first five months of 2024 was consistent with expectations.
Read moreSomero confident despite weaker set of full-year results
5th Mar 2024 12:42
(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.
Read moreSomero ends year in line with expectations
31st Jan 2024 11:52
(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.
Read moreSomero still confident despite weak first half
31st Aug 2023 13:09
(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.
Read moreSomero president steps down ahead of interim results
29th Aug 2023 09:04
(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.
Read moreSomero trading as expected despite North America slowdown
24th Jul 2023 08:54
(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.
Read moreSomero Enterprises earnings fall despite record revenue
8th Mar 2023 11:32
(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.
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