Smith-Midland

SMID

Market cap $181M

Smith-Midland shares decline as mixed Q3 earnings show stronger product sales but weaker barrier rentals, shaping a cautious outlook for the rest of 2025.

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.

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.

Smith-Midland is upgraded to "Outperform" as MASH-TL3 barrier rentals, IIJA tailwinds, data center vault demand and margin gains drive a compelling value re-rating through 2026.

MIDLAND, VA / ACCESS Newswire / October 9, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, announced two major contracts, with a combined value of more than $2 million, featuring its SlenderWall® architectural precast cladding system, a proprietary system engineered to be lighter, stronger, and more energy-efficient than traditional precast making it a preferred choice for architects and developers. Smith-Midland has been selected to work with Gilbane Building Company on a precast package valued at over $1 million for Northern Virginia Community College's (NVCC) 34,000-square-foot expansion of its Medical Education Campus (MEC) in Springfield.

MIDLAND, VA / ACCESS Newswire / September 30, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, announced today that its concrete highway barrier rental division, Concrete Safety Systems (CSS), has been selected to provide more than $4 million of J-J Hooks MASH barrier to the I-64 Hampton Roads Express Lanes project in New Kent County, Virginia. CSS is providing precast concrete barrier and crash cushions for the Gap B portion of the ongoing I-64 widening project, which is expanding the Interstate between Central Virginia and Hampton Roads from two to three lanes through 2026.

MIDLAND, VA / ACCESS Newswire / September 24, 2025 / Smith-Midland Corporation (NASDAQ:SMID) is proud to announce that President and CEO, Ashley Smith, has once again been named to the Virginia 500: The 2025 Power List, published by Virginia Business. This recognition highlights Smith's ongoing strength, influence, and reputation in the manufacturing sector, where he is one of just 30 leaders across the Commonwealth honored in this category.

Smith-Midland's strong 2Q25 results were driven by high-margin highway barrier rentals, with impressive OpEx leverage and expanding gross margins. Revenue growth is almost entirely from barrier rentals, but future durability depends on continued government infrastructure spending and potential competition. Management expects 2H25 to be weaker due to non-recurring projects, though the company is expanding barrier inventory for future growth.

MIDLAND, VA / ACCESS Newswire / August 20, 2025 / Smith-Midland Corporation (NASDAQ:SMID) a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that management will attend and host investor meetings at the Midwest IDEAS Investor Conference on Wednesday August 27, 2025, at The InterContinental in Chicago, IL. Smith-Midland's presentation is scheduled to begin at 11:30am CT.

SMID posts record Q2 revenues, doubles profit, and outpaces the S&P 500 with strong barrier rentals, soundwall sales and growing backlog.