---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-006731"
form_type: "8-K"
ticker: "SMID"
cik: "0000924719"
company_name: "SMITH MIDLAND CORP"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-15T00:24:43.988091+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Smith-Midland Q1 revenue up 23% to $12.8M; net income $0.02/share, backlog $51.4M

## Summary
- Revenue $12.8M (+23% YoY); product sales $8.2M (+41%), service revenue flat at $4.6M.
- Net income $80k ($0.02 diluted) vs net loss $119k in Q1 2022; operating income $54k.
- Backlog $51.4M as of May 2023; awarded $6M architectural panels and $5M SoftSound noise wall contracts.
- Cash $3.9M, debt $6.2M at March 31, 2023; capital spending $1.2M in Q1.

## SEC filing metadata
- accession: 0001654954-23-006731
- form_type: 8-K
- ticker: SMID
- cik: 0000924719
- company_name: SMITH MIDLAND CORP
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924719/000165495423006731/0001654954-23-006731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924719/000165495423006731/smid_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-006731
- JSON: https://secwatch.observer/filing/0001654954-23-006731.json
- Plain text: https://secwatch.observer/filing/0001654954-23-006731.txt

## Key facts
- Earnings Releases
  SMITH MIDLAND CORP reported the period ended March 31, 2023 results: revenue $12.8 million, net income $80,000, EPS $0.02 per diluted share.
  - Period: the period ended March 31, 2023
  - Revenue: $12.8 million
  - Net income: $80,000
  - EPS: $0.02 per diluted share
  - Result: reported results
  source text: · Revenue increased 23 percent to $12.8 million from $10.4 million · Product sales increased 41 percent to $8.2 million from $5.9 million · Service revenue unchanged at $4.6 million · Operating income of $54,000, a $227,000 improvement · Net income of $80,000, or $0.02 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/924719/000165495423006731/0001654954-23-006731-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.