Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has been awarded a new $7.5 million precast concrete noise wall contract for a Georgia Department of Transportation (GDOT) project.
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Quarterly Revenue Increased 32% to Record $19.5 Million MIDLAND, VA / ACCESSWIRE / August 14, 2024 / 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, 2024.Second Quarter 2024 Summary (compared to prior-year second quarter)Revenue increased 34 percent to $19.6 millionProduct sales increased 23 percent to $13.1 millionService revenue increased 63 percent to $6.5 millionOperating income of $2.7 million, compared to loss of ($981,000)Net income of $2.0 million, or $0.37 per diluted share compared to net loss of ($782,000) or ($0.15)
MIDLAND, VA / ACCESSWIRE / July 8, 2024 / Easi-Set Worldwide a subsidiary of Smith-Midland Corporation (NASDAQ:SMID), has developed a J-J Hook™ Low-Profile Portable Concrete Barrier. The Company has been issued a provisional patent from the US Patent Office, has successfully crash-tested the barrier to the MASH 16 TL2 guidelines, and obtained a Federal Highway Association (FHWA) Letter of Eligibility (B-379)."This new low-profile barrier provides road users, workers, and pedestrians with improved visibility and positive protection. This barrier is a much safer and faster system for workers in the field to install and also provides significant monetary savings to the State DOTs and the FHWA d
MIDLAND, VA / ACCESSWIRE / July 2, 2024 / Smith-Midland Corporation (NASDAQ:SMID) a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced the resignation of its Chief Financial Officer Stephanie Poe, effective July 17, 2024.Ms. Poe's resignation is not the result of any dispute or disagreement with the Company including any matters relating to the Company's accounting practices or financial reporting.The Company will begin a search for a new Chief Financial Officer. In the interim, AJ Krick, the Company's former CFO from 2018-2022, will, through L2G, Inc., render CFO equivalent services as a consultant to Smith-Midland. Mr. Krick
MIDLAND, VA / ACCESSWIRE / December 28, 2023 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has appointed Ms. Read Van de Water and Mr. Matthew Smith to its Board of Directors. Ms. Van de Water was elected as the Chairman of the Nominating and Governance Committee.Ms. Van de Water is the Senior Vice President, External Affairs at Safran USA, an international high-technology aerospace, defense, and space company. Prior to taking on her current role at Safran USA, she served as the Chairman and member of The National Mediation Board from 2003 to 2009. Ms. Van de Water served as the Assistant Secr
Rodney I. Smith to Retire from Board of DirectorsMIDLAND, VA / ACCESSWIRE / January 20, 2022 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems announces the retirement of Rodney I. Smith and the appointment of Ashley B. Smith to Chairman of the Board of Directors. Ashley will remain in his current role as president and chief executive officer of Smith-Midland.Rodney I. Smith, the trailblazing, second-generation head of Smith-Midland Corporation stepped down this week after 62 years of innovative leadership that was instrumental in shaping what Smith-Midland is today. Mr. Smith was at the forefront of
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Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has been awarded a new $7.5 million precast concrete noise wall contract for a Georgia Department of Transportation (GDOT) project.
EPS increased 137 percentMIDLAND, VA / ACCESSWIRE / November 9, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced third quarter results for 2021.Third Quarter 2021 HighlightsEarnings per share improved 137 percentRoyalty income increased 40 percentBarrier rental fleet grew by 49 percentSlenderWall sales exceeded $1 millionTotal product sales increased 11 percent"We continue to make great strides against our long-term growth initiatives. Additionally, the strong tailwinds due to the recently announced "Infrastructure Investment and Jobs Act" are expected to generate significant opp
Royalty Income Strongest Quarter in Company HistoryMIDLAND, VA / ACCESSWIRE / August 10, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced second quarter results for 2021.Second Quarter 2021 Highlights68 percent increase in royalty income, the strongest quarter in Company history30 percent increase in core fleet barrier rental revenuesRental barrier fleet expansion to 300,000 linear fleet by year end 2021Received Platinum Safety Award from Associated Builders and Contractors (ABC)"I am pleased to announce another great quarter and first half of 2021 as we execute against our long-
MIDLAND, VA / ACCESSWIRE / May 11, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced first quarter results for 2021.First Quarter 2021 Highlights as compared to First Quarter 2020679 percent increase in Barrier Rentals57 percent increase in Royalty Income55 percent increase in Revenue"Smith-Midland continues to deliver in our areas of strategic focus. The Company is driving a higher mix of rental business, and the benefits are cascading throughout the organization delivering higher margins and yielding cost reductions," said Ashley B. Smith, Chief Executive Officer. We expanded ou
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