Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a lightweight construction panels for the exterior walls of building; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations. The company also provides Easi-Set utility vaults for house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as custom-built utility vaults for special needs; SoftSound soundwall panels to absorb highway noise; Beach Prisms, an erosion control module for seawalls and jetties; and H2Out secondary drainage systems for panelized exterior cladding. In addition, it offers licenses its proprietary products in the United States, Canada, Belgium, New Zealand, Australia, Mexico, and Trinidad. It markets its products through in-house sales force and independent sales representatives to contractors performing public and private construction contracts, such as construction of commercial buildings, public and private roads and highways, airports, and municipal utilities; and federal, state, and local transportation authorities. Smith-Midland Corporation was incorporated in 1960 and is based in Midland, Virginia.
IPO Year:
Exchange: NASDAQ
Website: smithmidland.com
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MIDLAND, VA / ACCESS Newswire / January 21, 2025 / Easi-Set Worldwide, a subsidiary of Smith-Midland Corporation (NASDAQ:SMID), is excited to announce a new licensing agreement with Infrastructure Precast Inc. (ICast) of Kentucky. Under this agreement, ICast will produce Easi-Set and Easi-Span precast concrete modular buildings for Kentucky, Middle Tennessee, and Southern Indiana. ICast is currently licensed to manufacture the Easi-Set J-J Hooks precast concrete barrier."We truly consider it a privilege to partner with Easi-Set on various product lines and look forward to growing markets together," said Jonathon Ross, PE, President and CEO of Infrastructure Precast, Inc.ICast began in 2015 w
MIDLAND, VA / ACCESSWIRE / December 3, 2024 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems has begun renting its J-J Hooks precast concrete barrier to the Virginia Department of Transportation (VDOT), as part of three separate projects in Virginia. The total value of the projects through its Concrete Safety Systems (CSS) rental division is over $8 million.CSS will deliver, install, and service J-J Hooks precast concrete freestanding and pinned barriers, and attenuators, ensuring clear direction for motorists and enhanced safety for workers across Fairfax and New Kent Counties, VA.For New Kent Co
MIDLAND, VA / ACCESSWIRE / November 15, 2024 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland, will present at the Southwest IDEAS Investor Conference on Thursday, November 21, 2024 at The Statler in Dallas, TX. The company's presentation is scheduled to begin at 10:00am CT. The presentation is webcast and can be accessed through the conference host's main website: https://www.threepartadvisors.com/southwest.If interested in participating or learning more about the IDEAS conferences, please contact Lacey Wesley at
Record Quarterly Revenue of $23.6 Million, 51 Percent Increase from Prior Year MIDLAND, VA / ACCESSWIRE / November 14, 2024 / 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, 2024.Third Quarter 2024 Summary (compared to comparable prior-year quarter)Revenue increased 51 percent to $23.6 millionProduct sales of $10.8 versus $10.9 millionService revenue increased 170 percent to $12.8 millionOperating income of $3.8 million, compared to $1.5 millionNet income of $3.2 million, or $0.59 per diluted share, compared to $1.3 million
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 / July 1, 2024 / Smith-Midland Corporation (NASDAQ:SMID) a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced it has been added to the Russell 2000 index, effective at the start of trading on July 1, 2024."Our addition to the Russell indices is another major step forward for our Company and reflects the significant progress we have made since uplisting our stock onto NASDAQ in 2020," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. "The Russell 2000 index is used as a primary screening tool for many investors, and we look forward to presenting our investment thesis to this broad
COLUMBIA, SC / ACCESSWIRE / June 12, 2024 / 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.Smith-Midland South Carolina will manufacture more than 4,700 precast noise wall panels, with an Ashlar stone finish on both sides, for the I-285/I-20 interchange project, which is well known for having some of the worst traffic congestion in the country. Per GDOT, "The Project is part of Georgia DOT's Major Mobility Investment Program (MMIP), which includes large-scale projects
Highest Quarterly Revenue of $16.8 Million; Backlog of $64.6 Million MIDLAND, VA / ACCESSWIRE / June 11, 2024 / 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, 2024.First Quarter 2024 Summary (compared to prior-year quarter)Revenue increased 30 percent to $16.8 millionProduct sales increased 30 percent to $10.8 millionService revenue increased 31 percent to $6.0 millionOperating income of $1.5 million, compared to $54,000Net income of $1.1 million, or $0.22 and $0.21 per basic and diluted share, respectively, compared to $80,00
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
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
MIDLAND, VA / ACCESSWIRE / March 30, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced fourth quarter and year-end results for 2020. Fourth Quarter 2020 Highlights Pre-tax income for the fourth quarter 2020 grew to $1.3 million compared to $1.0 million in fourth quarter 2019 Net income remained strong year over year despite a slight reduction in revenues in the fourth quarter 2020 compared to the same period in 2019 Full Year 2020 Highlights Diluted earnings per share increased an impressive 34 percent to $0.51 for full year 2020 compared to $0.38 for fiscal 2019 Net in
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