Smith-Midland Q2 2024 revenue record $19.6M, swing to profit $0.37/share

SMITH MIDLAND CORP

2025-Q2 EPS reported $0.59 revenue$36,394,000

Revenue $19.6M, up 34% YoY; net income $2.0M ($0.37) vs net loss ($782K) ($0.15) in Q2 2023.
Product sales $13.1M (+23%); service revenue $6.5M (+63%) driven by SlenderWall and barrier rentals.
Operating income $2.7M vs operating loss $981K; gross margin improved to 26.1% from 12.2%.
Awarded $7.5M contract from Georgia DOT; added to Russell 2000 and 3000 indexes.
Backlog $59.2M as of August 2024; company expects full-year sales growth on infrastructure spending.

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