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Somero Enterprises (SOM)

Somero Enterprises (SOM) Full Year 2023 results presentation - March 2024

22 March 2024

Somero Enterprises President & CEO, Jack Cooney and CFO, Enzo LiCausi present final results for the twelve months ended 31 December 2023, followed by Q&A.

Jack Cooney, President & CEO
00:16 – Introduction
00:35 – FY23 Highlights
01:05 – Sales by territory
02:30 – Sales by product

Enzo LiCausi, CFO
03:35 – FY23 Financial highlights
04:19 – Operating results
05:21 – Balance sheet
06:34 – Cashflow
07:35 – Dividend policy

Jack Cooney, President & CEO
08:05 – Product development
10:40 – International growth
13:13 – Outlook

14:01 – Q&A

Somero Enterprises provides industry-leading concrete-levelling equipment, training, education and support to customers in over 90 countries. The Company’s cutting-edge technology allows its customers to install high-quality horizontal concrete floors faster, flatter and with fewer people. Somero┬« equipment that incorporates laser-technology and wide-placement methods is used to place and screed the concrete slab in all building types and has been specified for use in a wide range of commercial construction projects for numerous global blue-chip companies.

Somero pioneered the Laser Screed┬« market in 1986 and has maintained its market-leading position by continuing to focus on bringing new products to market and developing patent-protected proprietary designs. In addition to its products, Somero offers customers unparalleled global service, technical support, training and education, reflecting the Company’s emphasis on helping its customers achieve their business and profitability goals, a key differentiator to its peers.

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