Somero (SOM) FY20 results presentation

This video can be seen at: https://www.piworld.co.uk/2021/03/23/somero-som-fy20-results-presentation/   Jack Cooney, CEO, John Yuncza, CFO & Enzo LiCausi, VP of Finance outline the results for the period. They achieved a balance between short-term requirements due to CV19 while advancing their long-term strategy. They introduced three new products that contributed immediately to the current year figures and completed expansions of the operation and training facilities, laying the foundation for future growth. The period closed with the strongest cash position in the company's history and they are well positioned to make investments for long-term growth in new and existing markets. Jack Cooney, CEO: 00:00 Introduction 00:26 2020 in review John Yuncza, CFO: 02:40 Financial Highlights 04:05 Sales by Territory 08:15 Sales by Product Enzo LiCausi, VP of Finance: 12:00 Operating Results 14:20 Financial position 15:35 Cash Flows 17:19 Dividend John Yuncza, CFO: 18:20 Global Growth Strategy 20:05 New products 22:15 Products and Applications 23:33 Training & Expertise 24:20 2021 Outlook 27:00 Q&A Jack Cooney, CEO: 47:45 Closing remarks Somero Enterprises, Inc. is a manufacturer of laser-guided equipment. The Company's equipment automates the process of spreading and leveling volumes of concrete for commercial flooring and other horizontal surfaces, such as paved parking lots in North America. The Company's products include S-22E, S-15R, S-15M, STS-11M, S-840, S-485, CopperHead XD 3.0, Mini Screed C, PowerRake 3.0, 3-D Profiler and SiteShape. Its Somero Floor Levelness System monitors Laser Screed performance, operator performance and reports alert percentages of issues. The Somero SiteShape System allows for grade shaping automatically using users' motor grader, dozer or other grading machine. The Somero 3-D Profiler System allows automatic paving of contoured sites using a Somero Laser Screed equipment. The CopperHead XD machine encounters applications, such as chaired rebar, low slump and poor subgrades. The Somero eXtreme Platform (SXP) allows users use their Laser Screed equipment.