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as of 08-28-2026 9:30am EST

$25.00
+$0.11
+0.44%
Stocks Industrials Building Materials Nasdaq

Smith-Midland Corp through its subsidiaries invents, develops, manufactures, markets, sells, and installs precast concrete products for primary use in the construction, highway, utilities, and farming industries. The firm's customers are general contractors and federal, state, and local transportation authorities. Its products include Slenderwall, JJhooks, Softsound, Sierra Wall and Easi set. A substantial portion of the company's business is derived from local, state, and federal building projects. The company generates revenues predominantly from the sale, leasing, licensing, shipping, and installation of precast concrete products for the construction, utility, and farming industries.

Founded: 1960 Country:
United States
United States
Employees: N/A City: MIDLAND
Market Cap: 157.6M IPO Year: 1996
Target Price: N/A AVG Volume (30 days): 11.9K
Analyst Decision: N/A Number of Analysts: N/A
Dividend Yield:
N/A
Dividend Payout Frequency: N/A
EPS: 0.51 EPS Growth: 62.76
52 Week Low/High: $24.63 - $43.28 Next Earning Date: 04-14-2026
Revenue: $93,446,000 Revenue Growth: 19.03%
Revenue Growth (this year): N/A Revenue Growth (next year): N/A
P/E Ratio: 48.80 Index: N/A
Free Cash Flow: 5.0M FCF Growth: N/A

AI-Powered SMID Daily Prediction

Machine learning model trained on 25+ technical indicators

Updated 3 days ago

AI Recommendation

hold
Model Accuracy: 72.78%
72.78%
Confidence

Disclaimer: This prediction is generated by an AI model and should not be considered as financial advice. Always conduct your own research and consult with financial professionals before making investment decisions.

Earnings Transcripts

SEC 8-K filings with transcript text

View All
2026
Q2

Q2 2026 Earnings

8-K SELL

Aug 14, 2026 · 100% conf.

AI Prediction SELL

1D

-2.63%

$27.47

Act: +1.17%

5D

-10.43%

$25.27

20D

-5.32%

$26.71

Price: $28.21 Prob +5D: 0% AUC: 1.000
0001654954-26-007658

EX-99.1

2 smid_ex991.htm

PRESS RELEASE

smid_ex991.htm

EXHIBIT 99.1

Smith-Midland Reports Second Quarter 2026 Financial Results

Company Reports Increasing Backlog to $57.4 Million

MIDLAND, VA – August 14, 2026 - Smith-Midland Corporation (NASDAQ: SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced its second quarter results for the period ended June 30, 2026.

Second Quarter 2026 Summary (compared to prior-year second quarter)

· Revenue of $23.4 million compared to $26.2 million

· Gross Profit of $5.4 million compared to $7.8 million

· Operating income of $2.0 million compared to $5.5 million

· Net income of $1.4 million, or $0.26 per diluted share, compared to $4.2 million and $0.79

Announcements Subsequent to end of Second Quarter

· Secured $10 Million contract for I-81 project with Virginia Department Of Transportation

· Awarded $1.7 Million data center project in Louisiana

· Producing nearly $1 million in utility vaults for a data center project in Virginia

“Our second quarter results benefited from tailwinds related to the ongoing barrier replacement cycle and continued demand for data centers, although total revenue and net income were lower due to a challenging comparison from last year’s large special barrier project,” said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. “Our backlog as of August 1, 2026 increased by 19% over the backlog in the prior quarter and 6% on a year-over-year basis thanks to several recent project awards, including the third largest contract in the history of the company. We believe this momentum can continue through the second half of 2026 as we expect increased production volume for Soundwall panels and Easi-Set and Easi-Span buildings. We also plan to invest in our business through additional barriers for our rental fleet and expansion of our Virginia and North Carolina production facilities. Overall, we remain confident in the outlook for our business, including growing our core precast operations, and our ability to deliver long-term value to our shareholders,” concluded Smith.

Second Quarter 2026 Results

The Company reported 2026 second quarter revenues of $23.4 million compared to $26.2 million in the second quarter of 2025. Product sales for the quarter were $11.2 million, compared to $13.4 million in the prior-year quarter. Service revenue, which includes barrier rentals, royalty income and shipping and installation, was $12.2 million compared to $12.8 million in the second quarter of 2025.

Gross profit was $5.4 million compared to $7.8 million in the prior year quarter. Gross margin for the second quarter of 2026 was 23.2% compared to 29.7% for the second quarter of 2025. The decrease was primarily due to a higher-margin special barrier rental project in the second quarter of 2025 that did not recur in the current-year quarter.

1

Operating income for the second quarter of 2026 was $2.0 million compared to $5.5 million in the prior-year quarter. Net income for the second quarter was $1.4 million, or $0.26 per diluted share, compared to net income of $4.2 million, or $0.79 per diluted share basis in the second quarter of 2025.

Product Sales

Total product sales for the second quarter of 2026 were $11.2 million compared to $13.4 million in the prior-year quarter. Barrier sales were $2.8 million compared to $1.2 million, reflecting the replacement of barrier to comply with new MASH TL-3 standards. Soundwall sales were $2.5 million compared to $5.2 million in the second quarter of 2025. Easi-Set and Easi-Span Building Sales were $2.2 million compared to $2.9 million in the prior-year quarter due to production timing. Utility product sales were $2.0 million, a 126 percent increase compared to the prior-year quarter, reflecting increased demand in utility and infrastructure-related markets including data centers. Miscellaneous wall and product sales totaled $1.3 million, compared to $1.7 million in the second quarter of 2025. The Company reported approximately $594,000 of SlenderWall and architectural panel sales in the second quarter of 2026, compared to $1.5 million in the second quarter of the prior year.

Service Revenue

Service revenue, which is comprised of royalty income, barrier rental revenue, and shipping and installation totaled $12.2 million in the second quarter of 2026 compared to $12.8 million in the prior-year quarter. Barrier rental revenue was $3.2 million compared to $5.8 million in the second quarter of 2025. The decrease is attributed to a special barrier project that was installed and completed during the second quarter of 2025 that did not recur in the prior year. Shipping and installation revenue was $8.0 million compared to $5.6 million in the prior-year quarter. The increase is primarily attributed to greater shipping and installation activity of products that were produced in prior years. Royalty income was $929,000 compared to $1.3

2026
Q1

Q1 2026 Earnings

8-K SELL

Jun 9, 2026 · 100% conf.

AI Prediction SELL

1D

-1.76%

$31.73

Act: -8.67%

5D

-10.55%

$28.89

Act: -9.60%

20D

-4.86%

$30.73

Act: -8.51%

Price: $32.30 Prob +5D: 0% AUC: 1.000
0001654954-26-005827

EX-99.1

2 smid_ex991.htm

PRESS RELEASE

smid_ex991.htm

EXHIBIT 99.1

Smith-Midland Reports First Quarter 2026 Financial Results

Company Reports 29 Percent Year-Over-Year Increase in Product Sales and Continued Growth in Core Operations.

MIDLAND, VA – 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 compared to $7.0 million in the prior year quarter. Gross margin for the quarter was 19.9% compared to 30.7%. The decrease was primarily due to two special barrier rental projects in the first quarter of 2025 that did not recur in the current year quarter.

Operating income for the quarter was $1.7 million compared to $4.4 million in the prior-year quarter. Net income for the first quarter was $1.3 million, or $0.25 per diluted share, compared to net income of $3.3 million, or $0.62 per diluted share in the first quarter of 2025.

Product Sales

Total product sales for the first quarter of 2026 were $11.8 million compared to $9.1 million in the prior-year quarter. Soundwall sales were $3.4 million compared to $3.8 million in the first quarter of 2025. Easi-Set and Easi-Span Building sales increased to $2.9 million compared to $2.1 million in the prior-year quarter due to increased demand for plant and site assembled buildings and restrooms. Barrier sales were $1.9 million compared to $1.3 million. Utility product sales were $1.4 million, a 42 percent increase compared to the prior-year quarter, reflecting increased demand in utility and infrastructure-related markets. Miscellaneous wall and product sales totaled $634,000, compared to $954,000 in the first quarter of 2025. The Company reported approximately $1.5 million of SlenderWall and architectural panel sales in the first quarter of 2026, compared to no sales in the first quarter of the prior year reflecting continued market adoption and diversification of the Company’s product portfolio.

Service Revenue

Service revenue which is comprised of royalty income, barrier rental revenue, and shipping and installation totaled $9.8 million in the first quarter of 2026 compared to $13.6 million in the prior-year quarter. Barrier rental revenue was $2.2 million compared to $8.4 million in the first quarter of 2025. The decrease is attributed to two special barrier projects that were installed and completed during the first quarter of 2025. Likewise, although we have been awarded smaller special barrier projects in the second quarter of 2026, we expect that revenue and operating income in the second quarter of 2026 will not compare favorably to the second quarter of 2025 in which there was a large special barrier project. Barrier rental revenue in the 2026 second quarter will be in line with other quarters in which larger special barrier projects did not occur. Shipping and installation

2026
Q1

Q1 2026 Earnings

8-K SELL

Apr 14, 2026 · 100% conf.

AI Prediction SELL

1D

-1.76%

$31.73

Act: -8.67%

5D

-10.55%

$28.89

Act: -9.60%

20D

-4.86%

$30.73

Act: -8.51%

Price: $32.30 Prob +5D: 0% AUC: 1.000
0001654954-26-003503

EX-99.1

2 smid_ex991.htm

PRESS RELEASE

smid_ex991.htm

EXHIBIT 99.1

Smith-Midland Reports Fourth Quarter and Year End 2025 Financial Results

Company Sets Records With 19 Percent Increase in Annual Revenue and 63 Percent Increase in Net Income

MIDLAND, VA – 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.

1

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 increase from the prior-year quarter. Service revenue, which includes barrier rentals, royalty income and shipping and installation, was $9.3 million compared to $7.5 million for the fourth quarter of 2024.

Gross profit increased to $5.5 million compared to $4.4 million in the prior year quarter due to the higher revenue base. Gross margin for the quarter was 23.9% compared to 23.7% in the fourth quarter of 2024.

Operating income for the quarter was $3.2 million compared to $1.9 million in the prior-year quarter. The improvement was primarily due to the higher revenue base and lower selling, general and administrative expenses. Net income for the fourth quarter was $2.1 million, or $0.40 per diluted share, compared to net income of $1.4 million, or $0.26 per diluted share basis in the fourth quarter of 2024.

Full-Year 2025 Results

Revenues for the year totaled $93.4 million compared to $78.5 million in 2024. Product sales for the full year were $48.3 million compared to $45.6 million in the previous year. Higher Soundwall, SlenderWall and Easi-Set sales more than offset a decrease in utility and miscellaneous sales. Service revenue increased to $45.2 million compared to $32.9 million, primarily due to higher barrier rentals and shipping and installation revenues.

Gross profit was $26.0 million compared to $20.0 million in the prior year. Gross margin for the full year was 27.9%, a 240-basis point improvement compared to the prior year. The year-over-year increase is primarily attributable to better fixed cost absorption due to the higher revenue base and multiple special barrier rental projects in the first half of 2025.

Operating income for the year was $17.0 million, compared to $9.9 million in the prior year. Net income for 2025 was $12.5 million, or $2.36 per diluted share, compared to $7.7 million, or $1.45 per diluted share.

Product Sales

Total product sales for the full year 2025 were $48.3 million compared to $45.6 million in the prior year. Soundwall sales were $14.6 million compared to $11.8 million in fiscal 2024. The increase is primarily associated with increased production across all three facilities. Easi-Set and Easi-Span Building Sales increased to $11.5 million compared to $6.7 million in 2024 due to increased production across all locations. SlenderWall sales were $3.6 million, compared to no sales in 2024. Barrier sales were $4.4 million compared to $3.9 million in th

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