Welcome to our dedicated page for Smith Midland news (Ticker: SMID), a resource for investors and traders seeking the latest updates and insights on Smith Midland stock.
Smith-Midland Corporation develops, manufactures, licenses, rents, sells and installs proprietary and patented precast concrete products and systems for construction, transportation and utility markets. Its updates commonly cover SlenderWall® architectural cladding, SoftSound® noise wall systems, J-J Hooks® precast barriers, utility vaults, Easi-Set and Easi-Span buildings, and barrier rental activity.
Company news also reports contract awards for highway, public-infrastructure, data-center and building projects, along with revenue trends, product sales, shipping and installation activity, backlog, and financial reporting matters tied to its annual and quarterly results.
Smith-Midland (NASDAQ: SMID) announced two SlenderWall® precast contracts with a combined value of more than $2 million. One contract is for Northern Virginia Community College’s 34,000-square-foot Medical Education Campus expansion in Springfield, valued at over $1 million, with production underway and installation scheduled for November 2025. The second is a $1.2 million SlenderWall package for Central Hudson Gas & Electric’s Lake Katrine training facility, with production beginning this summer and installation set for December 2025. The company emphasized SlenderWall’s lighter weight, built-in insulation, and energy-efficiency benefits.
Smith-Midland Corporation (NASDAQ:SMID) has secured a significant contract worth over $4 million through its Concrete Safety Systems (CSS) division to provide J-J Hooks MASH barrier for the I-64 Hampton Roads Express Lanes project in New Kent County, Virginia.
The contract involves supplying precast concrete barrier and crash cushions for the Gap B portion of the I-64 widening project, which aims to expand the Interstate from two to three lanes between Central Virginia and Hampton Roads through 2026. CSS demonstrates impressive operational efficiency by installing up to 4,800 linear feet of J-J Hooks precast barrier in a single overnight shift.
Smith-Midland Corporation (NASDAQ:SMID) announced that President and CEO Ashley Smith has been named to the Virginia 500: The 2025 Power List by Virginia Business. Smith is among 30 leaders recognized in the manufacturing sector.
Smith-Midland, established in 1960, has grown to employ over 230 people across three states. The company specializes in precast concrete innovation and maintains a strong focus on employee retention. Ashley Smith serves as past chairman of the National Precast Concrete Association and contributes to various civic and educational organizations.
Smith-Midland (NASDAQ:SMID), a provider of innovative precast concrete products and systems, has announced its participation in the upcoming Midwest IDEAS Investor Conference. The presentation is scheduled for August 27, 2025, at 11:30 AM CT at The InterContinental in Chicago.
Management will host investor meetings during the conference. The presentation will be accessible via webcast through the conference website. Qualified investors interested in attending or scheduling meetings with management can contact the conference organizers.
Smith-Midland (NASDAQ:SMID) reported exceptional Q2 2025 financial results, with revenue surging 33% to $26.2 million and net income more than doubling to $4.2 million ($0.79 per diluted share). The company achieved a significant gross margin improvement of 360 basis points to 29.7%.
The quarter's success was driven by strong performance across multiple segments: Soundwall sales reached $5.2 million, barrier rental revenue increased to $5.8 million, and SlenderWall contributed $1.5 million. The company maintains a robust backlog of $54 million as of August 2025, with continued momentum from infrastructure initiatives and increasing demand for rental barriers.
Smith-Midland (NASDAQ:SMID) reported robust Q1 2025 financial results, with revenue surging 35% to $22.7 million and net income nearly tripling to $3.3 million ($0.62 per diluted share). The company's gross margin improved significantly by 740 basis points to 30.7%.
Service revenue, including barrier rentals, royalties, and shipping/installation, more than doubled to $13.6 million. Product sales reached $9.1 million, with notable growth in Soundwall sales (+27%) and Easi-Set building sales. The company maintains a strong balance sheet with $9.0 million in cash and a substantial backlog of $52 million as of May 2025.
Management anticipates stronger performance in Q2 2025 compared to the previous year, supported by ongoing infrastructure initiatives and upcoming SlenderWall projects.
Smith-Midland (NASDAQ:SMID) has appointed Dominic L. Hunter as Chief Financial Officer, effective April 17, 2025. Hunter will oversee all financial functions including accounting, treasury, financial reporting, and investor relations, while contributing to the company's financial strategy and capital allocation.
Hunter brings over 20 years of financial leadership experience, including roles as Vice President at SRA International, a $1.7B publicly traded government contractor, and CFO of O'Gara-Hess & Eisenhardt Armoring Company. He is a University of Virginia McIntire School of Commerce graduate and licensed CPA. His background includes service as an intelligence analyst in the United States Army and National Guard's 29th Infantry Division.