Smith-Midland Corporation (SMID)

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.

Capital Group U.S. Small and Mid Cap ETF is an actively managed vehicle seeking opportunities in the SMID universe. Incepted in January 2025, CGMM has confidently outperformed IWR and SMMD, as well as most of the Mid-Cap Blend ETFs. However, it has failed to keep pace with the market proxied with IVV.

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.

Record Quarterly Revenue and Doubling of Net Income From Prior Year MIDLAND, VA / ACCESS Newswire / August 14, 2025 / 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, 2025. Second Quarter 2025 Summary (compared to prior-year quarter) Revenue increased 33 percent to $26.2 million Gross margin increased 360 basis points to 29.7% Operating income of $5.5 million compared to $2.7 million Net income of $4.2 million, or $0.79 per diluted share, compared to $2.0 million and $0.37 Continued listing in Russell 2000 and 3000 Indexes.

SMID posts strong Q1 results with net income nearly tripling and shares rising 27% in a month, driven by booming barrier rentals and service revenues.

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.

On Tuesday, Allspring Global Investments expanded its ETF collection with the launch of three new funds. Each of these funds are actively managed.

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.

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.

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.

HOUSTON--(BUSINESS WIRE)--Oceaneering to Participate at Citi's 2025 Spotlight on SMID Energy Day.

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.