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.