Somero Enterprises, Inc. Provides Earnings Guidance for the Year Ended 31 December 2016 and Year 2017
January 10, 2017 at 02:00 am EST
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Somero Enterprises, Inc. provided earnings guidance for the year ended 31 December 2016. The company expects to report revenue slightly ahead of current market expectations and to report EBITDA comfortably ahead of current market expectations for the full year. In addition, given the strong cash generation of the business, the Company expects to report net cash as of 31 December 2016 that is significantly ahead of market expectations.
The Board of the company is confident in its ability to deliver another year of profitable growth in 2017 based on healthy market conditions in core markets and encouraging growth opportunities in other territories.
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.
SOMERO ENTERPRISES, INC. 