{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-004875","form_type":"8-K","ticker":"SMID","cik":"0000924719","company_name":"SMITH MIDLAND CORP","filed_at":"2023-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.879580+00:00","generated_at":"2026-06-17T01:08:32.625901+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Smith-Midland Q4 revenue up 45% to $14.5M; record backlog of $52.4M","bullets":["Q4 net income $4K (breakeven diluted EPS); full-year net income $800K ($0.15 EPS) vs $7.6M ($1.45) in 2021.","Full-year revenue $50.1M, nearly flat vs $50.6M; gross margin fell to 18.9% from 28.5% on higher costs.","Backlog rose 81% YoY to $52.4M; includes $8.6M NCDOT contract, $5M SoftSound noise walls, $6M architectural project.","Rental barrier fleet expanded from 250K to 550K linear feet; capital spending $5.3M.","Cash $6.7M vs $13.5M; debt $6.3M; management expects sales growth starting Q2-Q3 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-004875","json":"https://secwatch.observer/filing/0001654954-23-004875.json","markdown":"https://secwatch.observer/filing/0001654954-23-004875.md","text":"https://secwatch.observer/filing/0001654954-23-004875.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/924719/000165495423004875/0001654954-23-004875-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/924719/000165495423004875/smid_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T01:08:32.625901+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b49cc273da2778a389dfe01f0fe2799aebf2c0f","claim":"SMITH MIDLAND CORP reported fourth quarter of 2022 results: revenue $14.5 million, net income $4,000, EPS breakeven on a diluted share basis.","evidence_excerpt":"--- EX-99.1 2 smid_ex991.htm PRESS RELEASE smid_ex991.htm EXHIBIT 99.1 Smith-Midland Reports Fourth Quarter and Year End 2022 Financial Results Fourth Quarter Revenue of $14.5 Million Record Backlog of $52.4 Million MIDLAND, VA – April 17, 2023 – Smith-Midland Corporation (NASDAQ: SMID) a provider of innovative, high-quality proprietary and patented precast","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/924719/000165495423004875/0001654954-23-004875-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of 2022"},{"label":"Revenue","value":"$14.5 million"},{"label":"Net income","value":"$4,000"},{"label":"EPS","value":"breakeven on a diluted share basis"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d67b5889febee7e7696eaef60651efe45dcd2f64","claim":"SMITH MIDLAND CORP reported the period ended December 31, 2022 results: revenue $50.1 million, net income $800,000, EPS $0.15 per diluted share.","evidence_excerpt":"Full Year 2022 Summary ● Revenue of $50.1 million versus $50.6 million in 2021 ● Net income of $800,000, or $0.15 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/924719/000165495423004875/0001654954-23-004875-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the period ended December 31, 2022"},{"label":"Revenue","value":"$50.1 million"},{"label":"Net income","value":"$800,000"},{"label":"EPS","value":"$0.15 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}