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Smith-Midland Corp

Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems. Its offerings include SlenderWall lightweight exterior cladding, Sierra Wall sound and sight barriers, J-J Hooks highway safety barriers, Easi-Set and Easi-Span precast buildings, Easi-Set utility vaults, SoftSound soundwall panels, Beach Prisms erosion control modules, and H2Out drainage and leak detection products. The company licenses its proprietary products in the United States, Canada, New Zealand, Australia, Belgium, Mexico, and Trinidad. Founded in 1960, it is based in Midland, Virginia, and serves the construction, highway, utilities, and farming industries.

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Smith-Midland Wins $2.2M Newport News Navy Contract

Smith-Midland Corporation has secured a $2.2 million contract to manufacture and supply precast concrete products for a new operations and office facility at Newport News Shipbuilding in Newport News, Virginia. Under the award, the NASDAQ-listed company will produce SlenderWall architectural precast panels, architectural precast components, and precast stair systems for the facility, which will support U.S. Navy aircraft carrier inactivation programs. Smith-Midland will manufacture the products at its Midland, Virginia, facility, with production scheduled to begin in October 2026 and installation expected to commence in November 2026, working alongside Hourigan Construction. Matthew Smith, Vice President of Sales and Marketing, said the contract reinforces the company's long-term strategy of expanding its presence in mission-critical, government, and industrial construction. The project features SlenderWall insulated panels with a custom color design and an acid-etched architectural surface, along with precast stair towers and stair risers.
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Smith-Midland Q2 Earnings Drop 67% on Tough Barrier Comparison

Smith-Midland Corporation reported second-quarter earnings of 26 cents per share, down about 67% from 79 cents a year earlier, as revenues fell 11% to $23.4 million from $26.2 million, reflecting a difficult comparison with a large special barrier project in the prior-year quarter. Net income dropped to $1.4 million from $4.2 million, and gross margin contracted to 23.2% from 29.7%. Within product sales, soundwall revenues fell 53% to $2.5 million and SlenderWall revenues dropped 91% to $132,000, while barrier sales surged 124% to $2.8 million and utility sales rose 126% to $2 million. Backlog stood at $57.4 million as of Aug. 1, up 19% sequentially, and the company highlighted recent awards including a $10-million Interstate 81 project, its third-largest contract, a $1.7-million Louisiana data-center project, and nearly $1 million of utility-vault work for a Virginia data center. CEO Ashley Smith said the quarter benefited from the highway-barrier replacement cycle and data-center demand, and management expects 2026 product sales to exceed 2025 levels despite lower second-half revenues due to the absence of special barrier projects.
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