---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-006858"
form_type: "8-K"
ticker: "SMID"
cik: "0000924719"
company_name: "SMITH MIDLAND CORP"
filed_at: "2024-05-23T23:59:59+00:00"
generated_at: "2026-06-01T09:32:01.565160+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Smith-Midland reports record annual revenue $59.6M in 2023; backlog rises to $60.8M

## Summary
- Q4 2023 revenue $16.4M (+13% YoY); net income $230K ($0.04 EPS) vs $5K in prior-year quarter.
- Full-year net income $795K ($0.15 EPS) flat YoY, impacted by a significant state tax liability true-up.
- Product sales up 39% to $38.7M; service revenue down 7% to $20.8M on lower shipping and installation.
- Backlog $60.8M as of March 2024, up from $52.4M a year earlier; majority expected within 12 months.
- Preliminary Q1 2024 revenue expected at least 20% higher YoY; gross margin and net income also expected higher.

## SEC filing metadata
- accession: 0001654954-24-006858
- form_type: 8-K
- ticker: SMID
- cik: 0000924719
- company_name: SMITH MIDLAND CORP
- filed_at: 2024-05-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924719/000165495424006858/0001654954-24-006858-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924719/000165495424006858/smid_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-006858
- JSON: https://secwatch.observer/filing/0001654954-24-006858.json
- Plain text: https://secwatch.observer/filing/0001654954-24-006858.txt

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