Somero H1 revenue rises 22%, aided by sales to new customers; lifts FY26 outlook

Somero Enterprises

08/09/2026 07:09

Overview
Concrete-leveling equipment maker's H1 2026 revenue grew 22% yr/yr to $48.7 mln
Adjusted EPS for H1 2026 doubled yr/yr to $0.12
Company expanded share buyback program and raised FY26 revenue guidance

Outlook
Somero raises FY26 revenue guidance to about $95 mln
Company expects FY26 adjusted EBITDA of about $19.5 mln
Somero anticipates FY26 year-end net cash of about $29 mln

Result Drivers
REGIONAL AND PRODUCT GROWTH - Revenue growth was driven by higher sales across all regions, led by North America, and strong demand for Boomed screeds, Ride-on screeds, and the 3-D Profiler System
NEW CUSTOMER ACQUISITION - Increased sales to new customers contributed to revenue, with new customers accounting for 28% of direct machine revenue
OPERATIONAL EFFICIENCY - Pricing actions, operational efficiencies and disciplined cost management helped offset higher input costs and maintain gross margin

Company press release: ID:nRSH7527Ta

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
$48.7 mln
 
H1 Adjusted EPS
 
$0.12
 
H1 Adjusted EBITDA
 
$10.1 mln
 
H1 Adjusted EBITDA Margin
 
20.7%
 
H1 Operating Cash Flow
 
$7.1 mln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)