Smith-Midland Q2 revenue up 8% to $13.3M; EPS $0.17 vs $0.19; backlog jumps 37% to $35.7M

SMITH MIDLAND CORP

2022-Q2 EPS reported $0.15 revenue$23,688,000

Net income $0.9M ($0.17 diluted EPS) vs $1.0M ($0.19) in Q2 2021.
Barrier sales more than doubled to $2.3M; barrier rental revenue rose 66% to $2.0M.
Backlog at Aug 1, 2022 was $35.7M, up 37% YoY; $8.9M in contracts awarded post-quarter.
Cash $12.4M, debt $6.7M as of June 30; capital spending $2.0M in H1 2022.

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