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Smith-Midland Corp (SMID)

Smith-Midland Corp (SMID)
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Smith-Midland Corporation, invents, develops, manufactures, markets, leases, licenses, sells, and installs a broad array of precast concrete products for use primarily in the construction, utilities and farming industries. The Company's customers are primarily general contractors and federal, state, and local transportation authorities located in the Mid-Atlantic, Northeastern, and Midwestern regions of the US. Its operating strategy has involved producing innovative and proprietary products, including Slenderwall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; J-J Hooks Highway Safety Barrier, a patented, positive-connected highway safety barrier; Sierra Wall, a sound barrier primarily for roadside use; and Easi-Set transportable concrete buildings, also patented. Also, the Company produces custom order precast concrete products with various architectural surfaces, generic highway sound barriers, utility vaults, and farm products.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Sales 93,450 78,510 59,580 50,130 50,640
Sales Growth +19.03% +31.77% +18.85% -1.01% +15.46%
Net Income 12,510 7,680 800 800 7,570
Net Income Growth +62.89% +860.00% unch -89.43% +183.52%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Total Assets 87,730 67,990 61,350 54,310 53,330
Total Assets Growth +29.03% +10.82% +12.96% +1.84% +14.69%
Total Liabilities 33,430 26,250 27,190 21,260 21,580
Total Liabilities Growth +27.35% -3.46% +27.89% -1.48% -5.56%
(Values in U.S. Thousands) Dec, 2025 Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021
Operating Cash Flow 14,300 5,160 7,730 -6,330 9,130
Operating Cash Flow Growth +177.13% -33.25% +222.12% -169.33% +21.90%
Net Cash Flow 4,340 -1,630 2,450 -6,770 4,730
Change in Net Cash Flow +366.26% -166.53% +136.19% -243.13% -36.08%
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