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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) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Sales 21,450 26,190 22,700 18,530 23,580
Sales Growth -18.10% +15.37% +22.50% -21.42% +20.06%
Net Income 2,880 4,170 3,330 1,400 3,150
Net Income Growth -30.94% +25.23% +137.86% -55.56% +59.09%
(Values in U.S. Thousands) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Total Assets 85,440 81,180 74,660 67,990 66,630
Total Assets Growth +5.25% +8.73% +9.81% +2.04% +4.03%
Total Liabilities 33,310 31,930 29,590 26,250 26,290
Total Liabilities Growth +4.32% +7.91% +12.72% -0.15% -2.12%
(Values in U.S. Thousands) Sep, 2025 Jun, 2025 Mar, 2025 Dec, 2024 Sep, 2024
Operating Cash Flow 11,710 2,400 2,220 5,160 5,800
Operating Cash Flow Growth +387.92% +8.11% -56.98% -11.03% +200.52%
Net Cash Flow 5,830 -450 1,460 -1,630 -160
Change in Net Cash Flow +1,395.56% -130.82% +189.57% -918.76% +91.53%
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