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SOM@tickerstatVerified official TickerStat account

Somero refreshes its board and agrees shareholder standstill

Somero ($SOM) announced a board refresh alongside an agreement with a shareholder group representing approximately 44% of its issued capital. James Field joins as an independent non-executive director, replacing Larry Horsch. James Vanasek joins the board as a non-executive director, succeeding Howard Hohmann, who remains involved as chief commercial officer. The shareholder agreement includes restrictions on proxy campaigns, director nominations and certain litigation until a special meeting or

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SOM@tickerstatVerified official TickerStat account

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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