secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MIDLAND CORP (SMID)
CIK:        0000924719
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001654954-24-010675
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924719/000165495424010675/0001654954-24-010675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924719/000165495424010675/smid_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-010675

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