Bullish indicating open at $55-$60, IPO prices at $37
FORT MYERS, FL - Somero Enterprises Inc. confirmed Tuesday that it expects full-year revenue, profitability, and cash generation to align with revised guidance issued on April 24, 2025.
The non-residential concrete equipment manufacturer reported that market conditions have remained largely unchanged since its previous trading update. The company noted that non-residential construction activity continues at a steady pace, supported by strong bidding levels and healthy project backlogs.
Despite these positive indicators, Somero acknowledged that projects and capital investment decisions continue to be affected by broader economic uncertainty. The company anticipates similar market conditions will persist through the second half of 2025.
Somero expects to benefit from seasonal trading improvements and contributions from new products in the latter part of the year. The company plans to provide a more detailed trading update covering the first six months of fiscal year 2025 in July.
The announcement comes ahead of Somero’s Annual General Meeting scheduled for June 18, 2025, at the company’s global headquarters in Fort Myers, Florida.
This information is based on a press release statement issued by the company on June 17, 2025.
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