Profile
Sector:
Basic MaterialsIndustry:
Building MaterialsCountry:
United StatesIPO:
13 December 1995Website:
http://smithmidland.comNext earnings report:
11 October 2024Last dividends:
19 December 2019Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 18:01:49 GMTDividend
Analysts recommendations
Institutional Ownership
SMID Latest News
Discover why Zacks rates Smith-Midland (SMID) as "Neutral," being the first on Wall Street to initiate the coverage of the stock. Explore SMID's robust revenue growth and operational improvements amid significant risks, including rising material costs and dependency on a single customer.
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 million Product sales increased 30 percent to $10.8 million Service revenue increased 31 percent to $6.0 million Operating income of $1.5 million, compared to $54,000 Net income of $1.1 million, or $0.22 and $0.21 per basic and diluted share, respectively, compared to $80,000 or $0.02 per basic and diluted share Started construction to double the size of its North Carolina plant "We are off to a strong start in 2024, posting a 30 percent increase in revenue from the prior-year quarter and our highest quarterly revenue," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland.
Smith-Midland is a pre-cast product manufacturing company on the East Coast. Despite optimism around the Infrastructure Act, the company would need to quadruple its revenues to justify its current stock price. The company's recent revenue trends indicate inflationary accommodation of prices rather than a secular change in business.
MIDLAND, VA / ACCESSWIRE / June 20, 2023 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced management will participate in the virtual East Coast IDEAS Investor Conference on June 22, 2023. Smith-Midland's presentation is scheduled to be available at 6:00 am ET on June 21, 2023 and will be accessible via the conference website www.IDEASconferences.com.
MIDLAND, VA / ACCESSWIRE / March 23, 2023 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced it intends to release the results of its operations for the fourth quarter and full year 2022 before the market opens on Thursday, March 30, 2023. The release will be available on the Company's website under the "Investors" section.
What type of business is Smith-Midland?
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 patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; 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 licenses its proprietary products in Canada, Australia, Belgium, Mexico, New Zealand, and Trinidad. The company 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.
What sector is Smith-Midland in?
Smith-Midland is in the Basic Materials sector
What industry is Smith-Midland in?
Smith-Midland is in the Building Materials industry
What country is Smith-Midland from?
Smith-Midland is headquartered in United States
When did Smith-Midland go public?
Smith-Midland initial public offering (IPO) was on 13 December 1995
What is Smith-Midland website?
https://smithmidland.com
Is Smith-Midland in the S&P 500?
No, Smith-Midland is not included in the S&P 500 index
Is Smith-Midland in the NASDAQ 100?
No, Smith-Midland is not included in the NASDAQ 100 index
Is Smith-Midland in the Dow Jones?
No, Smith-Midland is not included in the Dow Jones index
When does Smith-Midland report earnings?
The next expected earnings date for Smith-Midland is 11 October 2024