5th Mar 2024 13:58
Somero Enterprises Inc - Fort Myers, Florida-based laser-guided concrete levelling machinery company - Says revenue in 2023 fell 9.7% to USD120.7 million from USD133.6 million the year before. Pretax profit also fell as a result by 19% to USD33.2 million from USD40.8 million in 2022. Declares a final dividend of US13.2 cents, down 27% from US18.0 cents the previous year. Looking ahead, Somero maintains a positive outlook, indicating that it is confident in its long-term prospects.
Chief Executive Officer Jack Cooney says: "The timing and extent of a return to more normal trading conditions in the US remains challenging to predict, our confidence in the long-term prospects for our home market remains resolute.
We will continue to build on our success overseas in 2024 while bolstering our product offering, remaining agile, adaptive and optimistic about growth opportunities available to us globally. I am grateful to everyone across the business for their contributions and look forward to another year of progress."
Current stock price: 330.00 pence, down 4.6%
12-month change: down 18%
By Sabrina Penty, Alliance News reporter
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