Somero Enterprises (SOM) Full Year 2023 results presentation - 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. For more information, visit www.somero.com