Somero Enterprises, Inc. designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment. The company offers ride-on, boom, and stationary laser screeds; concrete placement products; lightweight screeds; compact boom screeds; and materials placement equipment comprising broom/curing machine, line-pulling and placing system, and topping spreaders. It also provides related parts and accessories, software packages, and training services. In addition, the company’s equipment is used to place and screed the concrete slab in various building types, including floors in multi-story buildings; and used in the construction of warehouses, assembly plants, commercial construction, exterior paving, parking structures, and retail center projects. It sells its products primarily to small, medium, and concrete contractors, as well as self-performing general contractors. The company operates in North America, Europe, the Middle East, Scandinavia, Australia, Latin America, India, China, Korea, and Southeast Asia. Somero Enterprises, Inc. was founded in 1985 and is headquartered in Fort Myers, Florida.
The market has already priced in a 25bps rate cut from the Fed next week like it’s a done deal. So this week, we’re zooming in on what’s really been going on in the bond market, and what it all means for dividend investors who want to maintain yield.
The market has climbed 1.9% in the last 7 days, lead by the Information Technology sector with a gain of 3.9%. The market is up 19% over the last 12 months. Earnings are forecast to grow by 15% annually. Market details ›