secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MIDLAND CORP (SMID)
CIK:        0000924719
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001654954-23-013979
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith-Midland Q3 revenue up 31% to $15.7M, net income $1.3M vs $5k
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- Revenue $15.7M (+31% YoY); product sales up 54% to $10.9M.
- Gross margin 22.9% (up 550 bps); operating income $1.5M vs $4k.
- Net income $1.3M ($0.24 diluted EPS) vs $5k ($0.00) in Q3 2022.
- Backlog $60.2M; awarded $6.8M Baltimore Harbor Tunnel and $1.6M I-64 barrier rental.
- Fourth consecutive quarter of double-digit revenue growth; outlook positive for 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924719/000165495423013979/0001654954-23-013979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924719/000165495423013979/smid_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-013979

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer