Somero raises annual guidance and increases its interim dividend
Somero ($SOM) raised its full-year outlook after first-half revenue increased 22% to $48.7 million. The concrete-leveling equipment maker now expects annual revenue of approximately $95 million and adjusted EBITDA of about $19.5 million. Management pointed to stabilizing construction markets, stronger customer activity and demand associated with data centers and related infrastructure, while noting that tariffs and other economic uncertainties remain risks. Growth extended beyond North America,
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