secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MIDLAND CORP (SMID)
CIK:        0000924719
Form:       8-K
Filed at:   2025-05-28T23:59:59+00:00
Accession:  0001654954-25-006150
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith-Midland reports record annual revenue $78.5M, net income $7.7M
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- FY 2024 revenue up 32% to $78.5M; net income of $7.7M ($1.45 diluted EPS) vs $795K ($0.15) in FY 2023.
- Q4 2024 revenue rose 13% to $18.5M; net income of $1.4M ($0.26 diluted EPS) vs $230K ($0.04) a year ago.
- Gross margin improved 760 bps to 25.5% for FY 2024, driven by higher volumes and fixed cost absorption.
- Backlog was $59.5M as of March 2025, roughly flat year-over-year; most expected to ship within 12 months.
- Preliminary Q1 2025 revenue, gross margin and net income each expected substantially above Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924719/000165495425006150/0001654954-25-006150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924719/000165495425006150/smid_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-006150

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