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Smith Midland Corp - SMID STOCK NEWS

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.

Company Overview

Smith-Midland Corporation (SMID) is a venerable name with over 50 years of expertise in precast concrete innovation. Founded originally as the Smith Cattleguard Company in 1960, the organization has evolved into a multifaceted enterprise that designs, manufactures, licenses, rents, and installs a broad range of precast concrete products and systems. These products are primarily used in construction, transportation, utility, and farming industries, addressing the critical need for durable, reliable, and innovative infrastructure solutions.

Innovation and Technological Expertise

From its inception, Smith-Midland has been committed to innovation and quality. The company leverages advanced engineering techniques and proprietary technologies to create patented products—such as its well-regarded safety barrier systems—that meet stringent safety and performance standards. Early on, industry-specific keywords like precast concrete, infrastructure, and construction became synonymous with the brand. This permanent commitment to research and development ensures that every product is the result of deep technical knowledge and decades of hands-on experience.

Comprehensive Product Portfolio

Smith-Midland offers an extensive range of precast concrete products, each designed for a specific market need. Its portfolio includes:

  • Custom Precast Products – Tailored to the unique specifications of various construction projects.
  • Easi-Set Buildings – Modular systems that simplify construction processes without compromising quality.
  • SlenderWall Cladding – Innovative cladding solutions that combine aesthetic appeal with structural efficiency.
  • Architectural Precast – Decorative yet durable components that add value to public and private spaces.
  • Sound/Retaining Walls and Barrier Control – Engineered for safety and optimal performance in high-traffic areas.
  • Utility and Agricultural Products – Specialized solutions aimed at supporting infrastructure in essential service sectors.

This varied product suite highlights the company's ability to serve local, state, and federal projects, making it a comprehensive partner for any civil engineering or construction initiative.

Business Model and Revenue Streams

The Company’s business model is built on a diversified revenue structure. Smith-Midland generates income through direct product sales and an integrated suite of services that include leasing, licensing, shipping, and installation. Its robust service offerings, such as barrier rentals and on-site support, help solidify long-term relationships with government entities and contractors alike. This integrated approach not only reinforces its market position but also ensures resilience in changing economic conditions.

Operational Excellence and Strategic Infrastructure

At the heart of Smith-Midland’s operations is a focus on operational excellence. The company operates multiple state-of-the-art manufacturing facilities located in strategic regions, enabling efficient production and rapid deployment of its precast concrete products. With these facilities, the firm maintains strict quality control and high productivity, translating into reliable service delivery and consistent customer satisfaction. Additionally, its subsidiaries, such as Easi-Set Worldwide, extend its reach by licensing proprietary product lines, diversifying revenue channels and expanding market penetration.

Market Position and Industry Impact

Smith-Midland Corporation has established a notable position within a competitive landscape characterized by rapid technological advances and evolving infrastructure standards. Its blend of advanced product innovation, comprehensive service offerings, and proven operational efficiencies sets it apart in projects ranging from highway constructions to utility installations. By continuously refining its production techniques and developing new applications for precast concrete, the company remains an indispensable partner in both public and private sector projects.

Commitment to Quality and Customer Service

Quality and service are the cornerstones of the Smith-Midland philosophy. Every system and product is the outcome of rigorous quality checks, advanced testing protocols, and a constant push towards operational perfection. This unwavering commitment ensures that end users—from state agencies to private investors—receive solutions that not only meet but often exceed industry standards. By maintaining these high quality benchmarks, Smith-Midland builds enduring trust with its clients and continues to contribute reliably to major infrastructure projects.

Frequently Asked Questions and Insights

  • What industries are served by Smith-Midland Corporation? Smith-Midland primarily serves the construction, transportation, utility, and agricultural sectors by providing durable and innovative precast concrete solutions that are essential for modern infrastructure projects.
  • How does the company generate its revenue? The company generates revenue through a multifaceted approach involving direct product sales, leasing, licensing agreements, as well as shipping and installation services, ensuring a diversified and resilient income stream.
  • What distinguishes Smith-Midland’s products from competitors? Its commitment to innovation and quality, combined with patented and proprietary systems such as advanced safety barriers, ensures superior performance, durability, and safety that meet rigorous industry standards.
  • How important is the company’s manufacturing infrastructure? Extremely important; strategic manufacturing facilities enable efficient production, distribution, and on-time service delivery, which are critical for fulfilling contracts with governmental and large-scale private projects.
  • What role do its subsidiaries play? Subsidiaries like Easi-Set Worldwide enhance the company’s market reach by licensing advanced production technologies, broadening the product portfolio, and opening diversification opportunities in various regions worldwide.
  • How does Smith-Midland ensure quality and safety in its products? Through rigorous research, adherence to strict quality control processes, and continuous testing against industry standards, the company guarantees that each product meets high-performance and safety criteria essential for critical infrastructure projects.
  • What is the company’s overall market impact? Smith-Midland’s blend of technological innovation, comprehensive service models, and a long-standing legacy in precast concrete manufacturing enables it to be a trusted partner in major infrastructure projects, reinforcing its role as a crucial contributor to public safety and operational efficiency.

In summary, Smith-Midland Corporation stands as a beacon of quality and innovation in the precast concrete industry. Its extensive product portfolio, robust revenue model, and operational excellence position it as an invaluable partner in major construction and infrastructure projects. By continually refining its technology and maintaining rigorous quality standards, the company reinforces its reputation for reliability and expertise, ensuring that it remains at the forefront of industry developments for years to come.

Rhea-AI Summary
Smith-Midland Corporation (NASDAQ:SMID) has initiated production of precast concrete Utility Manholes for the North Norfolk International Terminal Optimization Project in Virginia, worth $1.1 million. The project, covering over 74 acres, will involve the delivery of multiple underground precast concrete utility boxes for electrical and communication uses, including cast iron frames and covers. Smith-Midland will design and manufacture multiple manholes with ten different sizes, 40% of which are engineered for heavy-duty loads up to 100,000 lbs. The company anticipates more large-scale projects following the passing of the Infrastructure Investment and Jobs Act by Congress.
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Smith-Midland Corporation (NASDAQ: SMID) announced a 31% increase in revenue to $15.7 million for the third quarter of 2023, with a 54% increase in product sales to $10.9 million. The gross margin also saw a 550 basis point increase to 22.9%. Net income rose to $1.3 million from $5,000 in the same quarter of 2022. The company secured a $6.8 million architectural panel project for the Baltimore Harbor Tunnel and a $1.6 million contract for the rental of J-J Hook barrier for the I-64 Hampton Roads Express Lanes project. Chairman and CEO Ashley Smith attributes the strong results to increased infrastructure and construction spending, with the company's backlog reaching $60.2 million.
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Smith-Midland receives $1.6 million contract for precast concrete barriers in Virginia
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Smith-Midland Corporation reports Q2 2023 results with an 11% increase in revenue and a record backlog of $60.9 million.
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Smith-Midland Corporation to begin $6.8M architectural precast panel project for Baltimore Harbor Tunnel
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Smith-Midland Corporation received a letter from Nasdaq stating non-compliance with filing requirements. The delay is due to transitioning to a new accounting firm. BDO USA, LLP has been engaged as the new accounting firm.
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FAQ

What is the current stock price of Smith Midland (SMID)?

The current stock price of Smith Midland (SMID) is $27.62 as of April 4, 2025.

What is the market cap of Smith Midland (SMID)?

The market cap of Smith Midland (SMID) is approximately 141.2M.

What core industries does Smith-Midland Corporation serve?

Smith-Midland primarily serves the construction, transportation, utility, and agricultural sectors with its innovative precast concrete solutions.

How does the company generate revenue?

The Company generates revenue from product sales, leasing, licensing, shipping, and installation, complemented by service revenues such as barrier rentals.

What distinguishes Smith-Midland’s products in the market?

Their products are backed by decades of innovation, rigorous quality control, and proprietary technologies like patented safety barrier systems, ensuring enhanced performance and safety.

How are its manufacturing facilities strategically important?

The company's facilities, located in strategically chosen regions, enable efficient production and distribution, ensuring timely delivery and superior service for major infrastructure projects.

What role do subsidiaries like Easi-Set Worldwide play?

Subsidiaries such as Easi-Set Worldwide help expand the product portfolio through licensing and diversification, enabling the company to tap into broader market opportunities.

How does Smith-Midland ensure quality and safety in its products?

Through continual investment in research and development, rigorous testing, and strict adherence to quality controls, Smith-Midland produces reliable and durable precast concrete products.

What makes the company's business model robust?

Its diversified revenue streams, comprehensive service offerings, and a long-standing reputation for innovation and excellence create a resilient and strategically sound business model.
Smith Midland Corp

Nasdaq:SMID

SMID Rankings

SMID Stock Data

141.16M
4.50M
15.36%
61.59%
4.27%
Building Materials
Concrete Products, Except Block & Brick
Link
United States
MIDLAND