Stock Analysis
Somero Enterprises (LON:SOM) Full Year 2023 Results
Key Financial Results
- Revenue: US$120.7m (down 9.6% from FY 2022).
- Net income: US$28.0m (down 10% from FY 2022).
- Profit margin: 23% (in line with FY 2022).
- EPS: US$0.50 (down from US$0.56 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Somero Enterprises EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.
The primary driver behind last 12 months revenue was the North America segment contributing a total revenue of US$88.4m (73% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$16.3m (41% of total expenses). Explore how SOM's revenue and expenses shape its earnings.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Somero Enterprises that you should be aware of before investing here.
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About AIM:SOM
Somero Enterprises
Designs, assembles, remanufactures, sells, and distributes concrete leveling, contouring, and placing equipment in the United States and internationally.
Flawless balance sheet established dividend payer.