Smith Midland CorpSMID
What Smith Midland Corp does.
Smith-Midland Corporation (the “Company”) invents, develops, manufactures, markets, leases, licenses, sells, and installs a broad array of precast concrete products and systems for use primarily in the construction, highway, utilities and farming industries through its six wholly-owned subsidiaries. The Company’s precast, licensing, and barrier rental customers are primarily general contractors and federal, state, and local transportation authorities located in the Mid-Atlantic, Northeastern, Midwestern and Southeastern regions of the United States. The Company’s operating strategy has involved producing and marketing innovative and proprietary products, including SlenderWall®, a lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; J-J Hooks® Highway Safety Barrier, a positive-connected highway safety barrier; SoftSound™, a proprietary sound absorptive finish used on the face of sound barriers to absorb traffic noise; Sierra Wall™, a sound barrier primarily for roadside use; and Easi-Set® and Easi-Span® transportable concrete buildings. In addition, the Company’s precast subsidiaries produce farm products such as cattleguards and water and feed troughs, custom order precast concrete products with various architectural surfaces, and generic highway sound barriers, retaining walls and utility vaults. The Company’s product lines include products that are proprietary and protected by patents, trademarks, crash tests, state and federal approvals, and other proprietary processes and systems, which are continually being developed and improved.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $43.9M | $50.6M | $50.1M | $59.6M | $78.5M | $93.4M |
| Net income | $2.7M | $7.6M | $800,000 | $795,000 | $7.7M | $12.5M |
| Free cash flow | $4.9M | $3.8M | -$9.1M | $2.7M | -$1.0M | $5.0M |
More on SMID.
- Smith Midland Corp summary
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- Smith Midland Corp earnings
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- Smith Midland Corp ownership and insiders
- Smith Midland Corp peers
Figures from Smith Midland Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.