SMID

Shares of Smith-Midland Corporation SMID have gained 2.7% since reporting first-quarter 2026 results, outperforming the S&P 500’s 0.2% decline. However, over the past month, the stock has fallen 4.1% compared with a 0.6% decline for the broader market. Smith-Midland reported first-quarter 2026 revenues of $21.6 million, down 5% from $22.7 million in the year-ago quarter. Net income declined 59.8% to $1.3 million from $3.3 million a year earlier, while earnings per share fell to 25 cents from 62 cents. Gross profit decreased to $4.3 million from $7 million, and operating income dropped 61% to $1.7 million from $4.4 million. The weaker year-over-year performance primarily reflected the absence of large, high-margin special barrier rental projects that benefited the first-quarter 2025 results. Smith-Midland Corp. price-consensus-eps-surprise-chart | Smith-Midland Corp. Quote Despite lower overall revenues, product sales increased 29% year over year to $11.8 million from $9.1 million, highlighting strength across several core businesses. Easi-Set and Easi-Span building sales rose 43% to $2.9 million, utility product sales increased 42% to $1.4 million, and barrier sales climbed 48% to $1.9 million. The company also generated $1.5 million in combined SlenderWall and architectural panel sales against no sales in those categories during the prior-year quarter. Service revenues, which include barrier rentals, royalty income, and shipping and installation services, declined 25% year over year to $9.8 million from $13.6 million. Barrier rental revenues fell 74% to $2.2 million from $8.4 million due to the non-recurrence of two major special barrier projects completed in the first quarter of 2025. Royalty income moved down 8% to $823,000, while shipping and installation revenues increased 45% to $6.8 million. The gross margin contracted to 19.9% from 30.7%, reflecting the unfavorable revenue mix. Cost of sales, excluding royalties, rose to 83% of revenues from 72% a year earlier as the company generated a larger proportion of revenues from lower-margin product sales and lacked the contribution of high-margin special barrier rental projects. The company’s sales backlog stood at $48.1 million as of May 11, 2026, compared with $52.4 million at roughly the same point last year. Management indicated that most of the backlog is expected to be fulfilled within the next 12 mon...

Company Reports 29 Percent Year-Over-Year Increase in Product Sales and Continued Growth in Core Operations. MIDLAND, VA / ACCESS Newswire / June 9, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced its first quarter results for the period ended March 31, 2026. First Quarter 2026 Summary (compared to prior-year first quarter) Revenue of $21.6 million compared to $22.7 million Product sales increased 29 percent to $11.8 million Gross Profit of $4.3 million compared to $7.0 million Operating income of $1.7 million compared to $4.4 million Net income of $1.3 million, or $0.25 per diluted share, compared to $3.3 million and $0.62 "The Company's 2026 first quarter results reflected continued growth in our core manufacturing and infrastructure related businesses. While our reported earnings were lower than the prior year quarter, it is important to note that the first quarter of 2025 benefited from two significant, high-margin special barrier rental projects that occur on an irregular basis." said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. "Product sales increased 29 percent from the prior-year quarter, thanks to continued strong demand for our Easi-Set and Easi-Span buildings, utility vaults and our SlenderWall and architectural panels. We expect this demand to sustain throughout 2026 as infrastructure spending continues at the federal, state and local levels. We also have multiple special project opportunities related to the upcoming America 250 events and the World Cup and continue to prepare for the upcoming barrier replacement cycle driven by MASH-TL3 regulatory compliance and our growing rental fleet. Overall, we remain confident in our ability to meet customer demand across the multiple sectors we serve and deliver long-term value to our shareholders," concluded Smith. First Quarter 2026 Results The Company reported 2026 first quarter revenues of $21.6 million compared to $22.7 million in the first quarter of 2025. Product sales for the quarter were $11.8 million, compared to $9.1 million in the prior-year quarter. Service revenue, which includes barrier rentals, royalty income and shipping and installation, was $9.8 million compared to $13.6 million in the first quarter of 2025. Gross profit was $4.3 million compare...

Smith-Midland (SMID) has received a Nasdaq non-compliance notice for failing to timely file its quar

Shares of Smith-Midland Corporation SMID have increased 2.4% since reporting results for the fourth quarter of 2025, slightly outperforming the S&P 500 index’s 2.2% return. However, the stock has declined 0.8% over the past month against the broader index’s 4.7% advance. Smith-Midland delivered a strong set of results for both the fourth quarter and 2025, marked by solid top-line growth and a sharp improvement in profitability. Fourth-quarter revenues rose 25% year over year to $23.1 million, while net income climbed to $2.1 million, or 40 cents per diluted share, from $1.4 million, or 26 cents, in the prior-year period. For the year, revenues increased 19% to $93.4 million, and net income surged 63% to $12.5 million, or $2.36 per diluted share, from $7.7 million, or $1.45, in 2024. Smith-Midland Corp. price-consensus-eps-surprise-chart | Smith-Midland Corp. Quote Growth during the year was broad-based across both product and service segments. Product sales rose 26% in the fourth quarter to $13.8 million and increased modestly to $48.3 million for the year from $45.6 million in 2024. Strength was particularly evident in Soundwall, Easi-Set and Easi-Span building products, as well as the introduction of SlenderWall sales, which contributed $3.6 million after no comparable revenues in 2024. Service revenues emerged as a major growth engine, increasing to $45.2 million for the year from $32.9 million. This was driven primarily by higher barrier rental activity and increased shipping and installation services. Barrier rental revenues alone rose significantly to $19.7 million from $12 million, reflecting both higher utilization of the rental fleet and contributions from large-scale projects earlier in the year. At the same time, some product categories showed weakness. Utility product sales declined to $4.3 million from $7.8 million due to a slowdown following accelerated data center-related demand in the prior year, while architectural and miscellaneous wall sales faced headwinds tied to project timing. Profitability improved meaningfully alongside revenue growth. The fourth-quarter gross profit increased to $5.5 million from $4.4 million, with the gross margin holding relatively steady at 23.9%. For the year, the gross margin expanded by 240 basis points to 27.9%, supported by improved fixed-cost absorption and the contribution of high-margin barrier rental pro...

Company Sets Records With 19 Percent Increase in Annual Revenue and 63 Percent Increase in Net Income MIDLAND, VA / ACCESS Newswire / April 14, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced its fourth quarter and year-end results for the period ended December 31, 2025. Fourth Quarter 2025 Summary (compared to prior-year quarter) Revenue increased 25 percent to $23.1 million Product sales increased 26 percent to $13.8 million Operating income of $3.2 million compared to $1.9 million Net income of $2.1 million, or $0.40 per diluted share, compared to $1.4 million and $0.26 Full Year 2025 Summary Revenue increased 19 percent to $93.4 million Shipping and installation revenue increased 21 percent Gross margin increased by 240 basis points to 27.9 percent Net income of $12.5 million, or $2.36 per diluted share compared to $7.7 million and $1.45 "2025 was a banner year for Smith-Midland, as we once again posted our highest annual revenue and net income in company history," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. "Revenue increased 19 percent from the prior year, thanks to growth across all aspects of our business. This growth, combined with our proactive cost management efforts, resulted in a 63 percent increase in annual net income. "We believe the outlook for 2026 remains very favorable for our products, as funding from the Infrastructure and Jobs Act for highway projects continues to drive opportunities for both our Soundwall panels and barrier rentals. Our Easi-Set and Easi-Span building sales are benefiting from increased marketing efforts, and the approaching timeline for MASH-TL3 compliance remains an ongoing opportunity for our patented JJ-Hooks highway barrier system. We also expect to see continued growth in our barrier rentals thanks to our expanded rental fleet, which allows us to participate in larger scale projects. Overall, we remain well-positioned to meet the increased demand across the multiple sectors we serve and deliver long-term value to our shareholders," concluded Smith. Fourth Quarter 2025 Results The Company reported 2025 fourth quarter revenues of $23.1 million compared to $18.5 million in the fourth quarter of 2024. Product sales for the quarter were $13.8 million, a 26 percent increa...

Smith-Midland Corporation SMID is entering 2026 with strong operational momentum, driven by rising infrastructure demand, expanding project activity and continued execution of its growth strategy. Recent announcements highlight both robust financial performance in 2025 and contract wins that reinforce the company’s positioning in the precast concrete market. Smith-Midland expects to deliver record financial results for 2025, reflecting sustained demand across its end markets. The company anticipates annual revenues between $92 million and $94 million, indicating 18% year-over-year growth at the mid-point. Additionally, it expects to achieve record net income, continuing its upward trajectory after prior-year highs. The fourth-quarter performance also underscores this growth trend. Revenues for fourth-quarter 2025 are projected to reach $22-$24 million, suggesting a rise from $18.5 million in the same period in 2024, supported by increased product sales, and higher shipping and installation activity. Management attributes this performance to strong infrastructure spending at both the federal and state levels, combined with disciplined execution of strategic initiatives. These include expansion of the company’s rental barrier fleet and continued focus on product sales, which together have strengthened its competitive positioning. Complementing its financial momentum, Smith-Midland recently secured a $5.4-million contract to supply precast concrete noise wall systems for the Complete 540-Triangle Expressway Southeast Extension Project in North Carolina. The project will utilize the company’s SoftSound absorptive noise wall technology alongside prestressed columns, decorative column caps and coping panels. These elements are designed not only to reduce roadway noise but also to enhance the visual appeal of the infrastructure. Production is scheduled to begin in May 2026 at the company’s North Carolina facility, with delivery and installation expected to commence in July 2026. This project demonstrates Smith-Midland’s ability to deliver integrated solutions that combine performance with architectural design, an increasingly important factor in modern infrastructure development. It also reinforces the company’s role in supporting transportation agencies’ goals for durability, noise mitigation and community integration. Smith-Midland operates across multiple segmen...

Fourth Quarter Revenue Expected to Increase 25%; Anticipates Record Full-Year Revenue and Net Income MIDLAND, VA / ACCESS Newswire / March 23, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced preliminary, unaudited results for its fourth quarter and full year 2025 ended December 31, 2025. For the fourth quarter of 2025, the Company expects revenues of approximately $22 to $24 million, compared to $18.5 million in the prior-year comparable quarter, primarily due to higher product sales and shipping and installation revenue. The Company also anticipates net income to be higher versus the fourth quarter of 2024. For the full year 2025, the Company expects revenue to be between $92 to $94 million, which would represent an 18% annual increase from 2024 at the midpoint, and anticipates record annual net income, subject to final adjustments. "2025 has been another banner year for Smith-Midland, as we expect to report new record top and bottom-line results after setting new highs last year," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. "Our results reflect continued demand supported by federal and state infrastructure spending as well as disciplined execution of our growth strategy, including strategic expansion of our rental barrier fleet and product sales initiatives, to further strengthen our market position." The information contained in this press release is preliminary. The Company intends to file its final results for the fourth quarter and full year 2025 in its Form 10-K with the Securities and Exchange Commission no later than March 31, 2026. About Smith-Midland Corporation Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utility industries. Smith-Midland Corporation has three manufacturing facilities in; Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooksﾮ Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWallﾮ, and provides diversification opportunities to the precast industry worldwide. For more information, p...

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Smith-Midland (NASDAQ:SMID). Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Over the last three years, Smith-Midland has grown earnings per share (EPS) at as impressive rate from a relatively low point, resulting in a three year percentage growth rate that isn't particularly indicative of expected future performance. So it would be better to isolate the growth rate over the last year for our analysis. Impressively, Smith-Midland's EPS catapulted from US$1.23 to US$2.22, over the last year. Year on year growth of 80% is certainly a sight to behold. It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. Smith-Midland shareholders can take confidence from the fact that EBIT margins are up from 11% to 18%, and revenue is growing. Both of which are great metrics to check off for potential growth. You can take a look at the company's revenue and earnings growth trend, in the chart below. To see the actual numbers, click on the chart. View our latest analysis for Smith-Midland Since Smith-Midland is no giant, with a market capitalisation of US$185m, you should definitely check its cash and debt before getting too excited about its prospects. It's a necessity that company leaders act in the best interest of shareholders and so insider investment always comes as a reassurance to...

Shares of Smith-Midland Corporation SMID have fallen 12.7% since the company released its latest quarterly results, underperforming the S&P 500 Index’s 3.2% decline over the same period. Over the past month, the stock has retreated 11.4%, lagging the S&P 500’s 1.2% decrease. This weaker-than-market performance reflects a reset in investor expectations following softer service-revenue comparisons and a pullback in barrier rental activity versus last year’s unusually strong period. Smith-Midland posted third-quarter 2025 revenues of $21.5 million, down from $23.6 million a year earlier, primarily due to the non-recurrence of large special barrier rental projects that drove service revenues in the prior-year quarter. However, product sales rose 11% to $11.9 million, supported by stronger soundwall, Easi-Set building and SlenderWall shipments. Net income came in at $2.9 million, or 54 cents per diluted share, compared with $3.2 million, or 59 cents, a year ago, reflecting the lower revenue base and a slightly reduced gross margin of 26.8%, versus 27.9% in the prior-year period. Smith-Midland Corp. price-consensus-eps-surprise-chart | Smith-Midland Corp. Quote Smith-Midland’s quarterly performance was shaped by a stark divergence between growing core product sales and reduced service activity. Product segments benefiting from higher production included soundwalls, which rose to $2.8 million from $1.9 million, and Easi-Set/Easi-Span buildings, which increased to $2.7 million from $1.8 million. SlenderWall, which had no sales in the prior-year quarter, contributed $1.1 million, reflecting resumed project activity across multiple facilities. In contrast, utility sales fell sharply to $1.2 million from $2.4 million due to prior-year demand from the Northern Virginia data-center market that did not recur. Architectural panel sales also softened, declining to $1 million from $1.6 million, reflecting the completion of two major 2024 projects. Miscellaneous wall and product sales were similarly lower compared with last year’s elevated outputs. Service-revenue categories saw more pronounced year-over-year declines. Barrier rental revenues dropped to $3.3 million from $7.1 million, entirely due to the non-recurrence of 2024’s special barrier rental projects. Shipping and installation revenues rose modestly to $5.2 million from $4.8 million, supported by stronger activity i...

Product Sales Increased 11 Percent and Record Nine-Month Net Income  MIDLAND, VA / ACCESS Newswire / November 13, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced its third quarter results for the period ended September 30, 2025. Third Quarter 2025 Summary (compared to prior-year quarter) Revenue of $21.5 million compared to $23.6 million Product sales increased 11 percent to $11.9 million Gross margin of 26.8% compared to 27.9% Operating income of $3.6 million compared to $3.8 million Net income of $2.9 million, or $0.54 per diluted share, compared to $3.2 million and $0.59 "Our third quarter results reflect continued strength in our core business and progress in the initiatives to drive product sales, which increased 11 percent versus the prior year. The previous year's results included special barrier rental projects, which typically carry higher margins compared to the core business," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. "The ongoing demand for new and upgraded highways will continue to drive spending at the federal and state level, along with data centers and other public infrastructure projects. Our barrier rental fleet continues to grow in preparation for increased MASH-TL3 safety standards and lower interest rates may spur new construction projects for our SlenderWall product. Overall, we believe the tailwinds in place over the near and long-term will lead to continued growth in our business and deliver long-term value to our shareholders," concluded Smith. Third Quarter 2025 Results The Company reported 2025 third quarter revenues of $21.5 million compared to $23.6 million in the third quarter of 2024. Product sales for the quarter were $11.9 million, compared to $10.8 million in the prior-year quarter. Service revenue, which includes barrier rentals, royalty income and shipping and installation, was $9.5 million, compared to $12.8 million reported in the third quarter of 2024. Gross profit was $5.8 million compared to $6.6 million in the prior-year quarter. Gross margin for the quarter was 26.8% compared to 27.9% in the third quarter of 2024. Operating income for the quarter was $3.6 million compared to $3.8 million in the prior-year quarter. Net income for the third quarter was $2.9 million...

Company to Participate in Southwest IDEAS Conference on November 20 MIDLAND, VA / ACCESS Newswire / November 12, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced it expects to release its third quarter 2025 financial results after the market close on Thursday, November 13th. In addition, CEO Ashley Smith and CFO Dominic Hunter will present and host one-on-one investor meetings at the Southwest IDEAS Conference on Thursday, November 20th. The company's presentation is scheduled to begin at 2:00pm CT. The presentation is webcast and can be accessed through the conference host's main website: https://www.threepartadvisors.com/southwest. Qualified investors interested in attending or learning more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or [email protected]. About Smith-Midland Corporation Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utility industries. Smith-Midland Corporation has three manufacturing facilities in; Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. Forward-Looking Statements This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, general business and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting po...

Shares of Smith-Midland Corporation SMID have risen 0.8% since reporting second-quarter 2025 results. In contrast, the S&P 500 index has declined 0.2% over the same period. Looking over a longer horizon, the stock has jumped 16.3% in the past month, outperforming the S&P 500’s 2.5% growth. This relative strength highlights investor confidence in the company’s operational momentum amid broader market uncertainty. In its latest quarter, Smith-Midland reported revenues of $26.2 million, up 33% from $19.6 million in the year-ago period. Net income more than doubled year over year to $4.2 million, or 79 cents per diluted share, from $2 million, or 37 cents per share, in the same quarter of 2024. Gross profit improved to $7.8 million from $5.1 million, with margins expanding 360 basis points to 29.7%. Operating income stood at $5.5 million, up sharply from $2.7 million a year earlier. Smith-Midland Corp. price-consensus-eps-surprise-chart | Smith-Midland Corp. Quote Product sales in the quarter totaled $13.4 million, slightly above last year’s $13.1 million. Within this category, soundwall sales more than doubled to $5.2 million from $2.2 million, supported by increased production across all facilities. Easi-Set and Easi-Span building sales also advanced strongly to $2.9 million, up from $1.5 million a year earlier. The company recorded $1.5 million in SlenderWall sales, compared with no such sales in the year-ago quarter. However, utility sales dropped to $871,000 from $2.1 million and miscellaneous product sales decreased to $852,000 from $2.2 million. Service revenues saw the most dramatic increase to $12.8 million from $6.5 million in the prior-year period. Barrier rentals alone grew to $5.8 million from $1.4 million, buoyed by a large special barrier project and greater utilization of the core rental fleet. Shipping and installation revenues reached $5.6 million from $4.3 million, reflecting higher project activity. Royalty income increased 53% year over year to $1.3 million, supported by higher licensee production volumes. Chief executive officer Ashley Smith described the quarter as a “new quarterly revenue record,” citing the benefits of special barrier rentals, higher SlenderWall and Soundwall sales, and a broad increase in demand across product lines. Smith highlighted continued support from federal, state and local infrastructure spending initiatives, a...