Somero Enterprises, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 10, 2021 at 02:00 am EST
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Somero Enterprises, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 88.572 million compared to USD 89.306 million a year ago. Operating income was USD 23.855 million compared to USD 26.602 million a year ago. Net income was USD 18.773 million compared to USD 21.111 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.37 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.
SOMERO ENTERPRISES, INC. 
