Smith-MidlandSMID
SMID
About: 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.
Employees: 264
0
Funds holding %
of 7,312 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
0.44% less ownership
Funds ownership: 60.7% [Q4 2024] → 60.26% (-0.44%) [Q1 2025]
3% less funds holding
Funds holding: 58 [Q4 2024] → 56 (-2) [Q1 2025]
12% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 17
31% less capital invested
Capital invested by funds: $143M [Q4 2024] → $99.4M (-$43.9M) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for SMID.
Financial journalist opinion
Neutral
Accesswire
1 day ago
Smith-Midland Reports First Quarter 2025 Financial Results
Company Reports Strong Revenue Growth and Tripling of Net Income From Prior Year MIDLAND, VA / ACCESS Newswire / July 10, 2025 / 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, 2025. First Quarter 2025 Summary (compared to prior-year first quarter) Revenue increased 35 percent to $22.7 million Gross margin increased 740 basis points to 30.7% Operating income of $4.4 million compared to $1.5 million Net income of $3.3 million, or $0.62 per diluted share, compared to $1.1 million and $0.21 "We are off to a very strong start in 2025, reporting a 35% revenue increase and a near tripling of net income on a year-over-year basis.
Positive
ETF Trends
3 days ago
Allspring Launches Trio of Actively Managed ETFs
On Tuesday, Allspring Global Investments expanded its ETF collection with the launch of three new funds. Each of these funds are actively managed.
Neutral
Accesswire
1 month ago
Smith-Midland Announces Receipt of Nasdaq Letter
MIDLAND, VA / ACCESS Newswire / June 4, 2025 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced it received a letter from Nasdaq, dated May 29, 2025, indicating that the Company has regained compliance as it relates to its Annual Report on Form 10-K ("10-K") for the year ended December 31, 2024. The Company's 10-K was filed on May 27, 2025.
Neutral
Zacks Investment Research
1 month ago
Smith-Midland Posts Y/Y Earnings Rise in 2024 on Strong Product Demand
SMID reports record 2024 results, with revenues rising 32% y/y, driven by strong product demand and a strategic shift toward higher-margin barrier rentals.
Neutral
Accesswire
1 month ago
Smith-Midland Reports Fourth Quarter and Year End 2024 Financial Results
Highest Annual Revenue and Net Income in Company History MIDLAND, VA / ACCESS Newswire / May 27, 2025 / 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, 2024. Fourth Quarter 2024 Summary (compared to prior-year fourth quarter) Revenue increased 13 percent to $18.5 million Product sales increased 23 percent to $11.0 million Operating income of $1.9 million compared to $542,000 Net income of $1.4 million, or $0.26 per diluted share, compared to $230,000 and $0.04 Full Year 2024 Summary Revenue increased 32 percent to $78.5 million Gross margin increased by 760 basis points to 25.5 percent Net income of $7.7 million, or $1.45 per diluted share compared to $795,000 and $0.15 "2024 was another record year for Smith-Midland, including our highest annual revenue and net income and the past three quarters represent the highest revenue quarters in company history," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland.
Neutral
Accesswire
2 months ago
Smith-Midland Producing $2M in SlenderWall for Newport News Shipyard Project
MIDLAND, VA / ACCESS Newswire / May 1, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, will begin manufacturing SlenderWall precast concrete panels for the Refueling and Complex Overhaul (RCOH) building for Naval Sea Systems Command (NAVSEA) in Newport News, VA. "We look forward to providing our SlenderWall panels to the Shipyard project in Newport News, Virginia.
Neutral
Accesswire
2 months ago
Dominic Hunter Joins Smith-Midland as Chief Financial Officer
MIDLAND, VA / ACCESS Newswire / April 23, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, announces the appointment of Dominic L. Hunter as Chief Financial Officer, effective April 17, 2025.
Neutral
Accesswire
2 months ago
Smith-Midland Receives NASDAQ Deficiency Notice Regarding Delayed Form 10-K Filing
MIDLAND, VA / ACCESS Newswire / April 23, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced it received an expected letter from Nasdaq on April 17, 2025 notifying the Company it is currently not in compliance with Listing Rule 5250(c)(1) due to its failure to timely file its Form 10-K for the year ended December 31, 2024. This notice does not have any immediate impact on the Company's shares or ability to trade on the Nasdaq exchange.
Neutral
Accesswire
3 months ago
Smith-Midland Awarded $5M SlenderWall Contract for FBI Project
Smith-Midland to Produce SlenderWall for FBI Dorm Re-Cladding Project in Virginia MIDLAND, VA / ACCESS Newswire / April 3, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has been selected to produce more than $5M of SlenderWall and architectural precast concrete panels for existing dormitories at the Federal Bureau of Investigation (FBI) in Quantico, Virginia. Production of SlenderWall, Smith-Midland's high-performance, lightweight precast concrete cladding system, is set to begin in June 2025 at the company's Virginia plant, with installation slated for October 2025.
Neutral
Accesswire
3 months ago
Smith-Midland Announces Delayed Filing of 2024 Form 10-K and Announces Preliminary Full-Year Revenue
MIDLAND, VA / ACCESS Newswire / March 31, 2025 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that it has filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the late filing of its Annual Report on Form 10-K ("Form 10-K") for the year ended December 31, 2024. The company expects to file its Form 10-K on or before April 15, 2025.
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