Somero Posts 2012 Profit
Somero Enterprises swung to a profit in 2012.
Somero's revenue for the year surged 47% to $32.2 million, from $21.9 million in 2011. Its adjusted EBITDA climbed to $4.2 million from $0.9 million.
Somero posted a pre-tax income of $1.2 million, versus a year-ago loss of $2.3 million. Its basic EPS came in at $0.02, versus a year-ago loss of $0.04.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.