secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MIDLAND CORP (SMID)
CIK:        0000924719
Form:       8-K
Filed at:   2024-11-14T23:59:59+00:00
Accession:  0001654954-24-014444
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith-Midland Q3 2024 revenue record $23.6M (+51% YoY); EPS $0.59 vs $0.24
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- Net income of $3.2M ($0.59 diluted EPS), up from $1.3M ($0.24) YoY; operating income $3.8M.
- Service revenue surged 170% to $12.8M, led by barrier rentals ($7.1M vs $784K).
- Gross margin improved to 27.9% from 22.9% on favorable product mix and fixed-cost absorption.
- Backlog at Nov. 1: $62.8M, up from $60.2M a year ago; majority expected to ship within 12 months.
- Utility vault sales more than doubled to $2.4M on data-center demand; architectural walls up sharply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924719/000165495424014444/0001654954-24-014444-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924719/000165495424014444/smid_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-014444

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