Somero Enterprises, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
March 11, 2020 at 03:00 am EDT
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Somero Enterprises, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was USD 89.306 million compared to USD 94.001 million a year ago. Operating income was USD 26.602 million compared to USD 29.173 million a year ago. Net income was USD 21.111 million compared to USD 21.543 million a year ago. Basic earnings per share was USD 0.37 compared to USD 0.38 a year ago.
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.