Company research
SMITH MIDLAND CORP
CIK 924719Updated Sep 24, 2026
SecuritySMID · NASDAQ · equity
SMID price & chart
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NASDAQ:SMID on TradingView ↗About the company
Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utility industries. Smith-Midland Corporation has three manufacturing facilities in; Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.
In the news
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Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07
Regulation FD Disclosure
Items 7.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 87,729,000Source | 67,991,000Source | 61,348,000Source | 54,313,000Source |
| Property, Plant and Equipment, NetUSD | 38,478,000Source | 31,704,000Source | 27,680,000Source | 25,124,000Source |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 27,228,000Source | 19,420,000Source | — | 16,223,000Source |
| Assets, CurrentUSD | 48,747,000Source | 35,849,000Source | 33,325,000Source | 28,940,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | — | — | 1,266,000Source | 706,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 33,425,000Source | 26,252,000Source | 27,187,000Source | 21,258,000Source |
| Commitments and ContingenciesUSD | — | — | — | 0Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 54,000Source | 54,000Source | 54,000Source | 53,000Source |
| Additional Paid in CapitalUSD | 7,776,000Source | 7,717,000Source | 7,814,000Source | 7,440,000Source |
| Retained Earnings (Accumulated Deficit)USD | 46,576,000Source | 34,070,000Source | 26,395,000Source | 25,664,000Source |
| Stockholders' Equity Attributable to ParentUSD | 54,304,000Source | 41,739,000Source | 34,161,000Source | 33,055,000Source |
| Liabilities and EquityUSD | 87,729,000Source | 67,991,000Source | 61,348,000Source | 54,313,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 14,332,000Source | 15,010,000Source | 16,018,000Source | 11,224,000Source |
| Operating Lease, Liability, CurrentUSD | 20,000Source | 21,000Source | — | — |
| Accounts Payable, CurrentUSD | 5,482,000Source | 4,741,000Source | 7,336,000Source | 5,816,000Source |
| Operating Lease, Liability, NoncurrentUSD | 70,000Source | 90,000Source | 2,000Source | 45,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | 1,651,000Source | 2,085,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 907,000Source | 429,000Source | 831,000Source | 799,000Source |
| Deferred Compensation EquityUSD | — | 6,000Source | 135,000Source | — |
| Deferred Revenue, CurrentUSD | 1,128,000Source | 4,313,000Source | 2,717,000Source | — |
| Deferred Revenue, NoncurrentUSD | 13,763,000Source | 6,222,000Source | 4,424,000Source | 2,174,000Source |
| Deferred Tax Liabilities, NetUSD | 5,880,000Source | 3,914,000Source | 3,935,000Source | 3,557,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 12,506,000Source | 7,675,000Source | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | — | 2,399,000Source | 2,881,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 59,000Source | 45,000Source | 375,000Source | 505,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 7,217,000Source | 2,536,000Source | 1,010,000Source | -6,554,000Source |
| Increase (Decrease) in InventoriesUSD | 229,000Source | 1,541,000Source | 1,351,000Source | -973,000Source |
| Deferred Income Tax Expense (Benefit)USD | 966,000Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 14,301,000Source | 5,158,000Source | 7,732,000Source | -6,334,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -9,318,000Source | -6,150,000Source | -4,664,000Source | -2,631,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 9,338,000Source | 6,203,000Source | 5,010,000Source | 2,749,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -647,000Source | -635,000Source | -619,000Source | 2,199,000Source |
| Repayments of Long-term DebtUSD | 647,000Source | 635,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | 2,449,000Source | -6,766,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 11,884,000Source | 7,548,000Source | 9,175,000Source | 6,726,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 225,000Source | 223,000Source | 255,000Source | 260,000Source |
| Income Taxes Paid, NetUSD | 3,490,000Source | 2,256,000Source | — | — |
| Additional Financial Items | ||||
| DepreciationUSD | 2,863,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | — | 346,000Source | -109,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 20,000Source | 19,000Source | 346,000Source | 109,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 0Source |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | 20,000Source | 19,000Source | — | — |
| General and Administrative ExpenseUSD | 5,668,000Source | 6,554,000Source | 5,990,000Source | 5,551,000Source |
| Income Tax Expense (Benefit)USD | 4,520,000Source | 2,143,000Source | 528,000Source | 145,000Source |
| Net Income (Loss) Attributable to ParentUSD | 12,506,000Source | 7,675,000Source | 795,000Source | 800,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 12,506,000Source | 7,675,000Source | 795,000Source | 800,000Source |
| Operating ExpensesUSD | 9,044,000Source | 10,111,000Source | 9,534,000Source | 8,615,000Source |
| Other Nonoperating Income (Expense)USD | 32,000Source | -81,000Source | 205,000Source | 91,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 93,446,000Source | 78,508,000Source | 59,580,000Source | 50,131,000Source |
| Cost of RevenueUSD | 67,408,000Source | 58,498,000Source | 48,928,000Source | 40,662,000Source |
| Operating Income (Loss)USD | 16,994,000Source | 9,899,000Source | 1,118,000Source | 854,000Source |
| Other Nonoperating Income (Expense)USD | 32,000Source | -81,000Source | 205,000Source | 91,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 17,026,000Source | 9,818,000Source | 1,323,000Source | 945,000Source |
| Income Tax Expense (Benefit)USD | 4,520,000Source | 2,143,000Source | 528,000Source | 145,000Source |
| Net Income (Loss) Attributable to ParentUSD | 12,506,000Source | 7,675,000Source | 795,000Source | 800,000Source |
| Earnings Per Share, BasicUSD per share | 2.36Source | 1.45Source | 0.15Source | 0.15Source |
| Earnings Per Share, DilutedUSD per share | 2.36Source | 1.45Source | 0.15Source | 0.15Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 5,305,000Source | 5,289,000Source | 5,258,000Source | 5,233Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 5,305,000Source | 5,289,000Source | 5,292,000Source | 5,253Source |
| Additional Financial Items | ||||
| Depreciation, Depletion and Amortization, NonproductionUSD | 2,887,000Source | 2,664,000Source | 2,378,000Source | 2,892,000Source |
| General and Administrative ExpenseUSD | 5,668,000Source | 6,554,000Source | 5,990,000Source | 5,551,000Source |
| Gross ProfitUSD | 26,038,000Source | 20,010,000Source | 10,652,000Source | 9,469,000Source |
| Interest ExpenseUSD | 225,000Source | 231,000Source | 255,000Source | 260,000Source |
| Interest Income, OtherUSD | 166,000Source | — | — | — |
| Lease IncomeUSD | — | 679,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 12,506,000Source | 7,675,000Source | 795,000Source | 800,000Source |
| Operating ExpensesUSD | 9,044,000Source | 10,111,000Source | 9,534,000Source | 8,615,000Source |
| Other IncomeUSD | 71,000Source | 84,000Source | 90,000Source | 228,000Source |
| Selling and Marketing ExpenseUSD | — | — | 3,544,000Source | 3,064,000Source |
| Selling ExpenseUSD | 3,376,000Source | 3,557,000Source | — | — |
Filing attachments
smid_ex991.htm · 8-K · 2026-08-14
EX-99.1 2 smid_ex991.htm PRESS RELEASE smid_ex991.htm EXHIBIT 99.1 Smith-Midland Reports Second Quarter 2026 Financial Results Company Reports Increasing Backlog to $57.4 Million MIDLAND, VA - August 14, 2026 - 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, 2026. Second Quarter 2026 Summary (compared to prior-year seco…
Read attachment ↗smid_ex991.htm · 8-K · 2026-06-11
EX-99.1 2 smid_ex991.htm PRESENTATION MATERIALS smid_ex991.htm EXHIBIT 99.1 10 11 12 13 14 15 16 17
Read attachment ↗smid_ex991.htm · 8-K · 2026-06-09
EX-99.1 2 smid_ex991.htm PRESS RELEASE smid_ex991.htm EXHIBIT 99.1 Smith-Midland Reports First Quarter 2026 Financial Results Company Reports 29 Percent Year-Over-Year Increase in Product Sales and Continued Growth in Core Operations. MIDLAND, VA - June 9, 2026 - 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, 2026. Fir…
Read attachment ↗smid_ex991.htm · 8-K · 2026-06-04
EX-99.1 2 smid_ex991.htm PRESS RELEASE smid_ex991.htm EXHIBIT 99.1 Smith-Midland Announces Receipt of Nasdaq Letter MIDLAND, VA - June 3, 2026 - 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, 2026, indicating it was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all requ…
Read attachment ↗smid_ex991.htm · 8-K · 2026-04-14
EX-99.1 2 smid_ex991.htm PRESS RELEASE smid_ex991.htm EXHIBIT 99.1 Smith-Midland Reports Fourth Quarter and Year End 2025 Financial Results Company Sets Records With 19 Percent Increase in Annual Revenue and 63 Percent Increase in Net Income MIDLAND, VA - April 14, 2026 - 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 end…
Read attachment ↗