---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-013052"
form_type: "8-K"
ticker: "SMID"
cik: "0000924719"
company_name: "SMITH MIDLAND CORP"
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T20:03:45.710944+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Smith-Midland Q3 net income $2.9M ($0.54/sh) on revenue $21.5M; product sales up 11%

## Summary
- Revenue $21.5M vs $23.6M YoY; product sales increased 11% to $11.9M.
- Service revenue fell to $9.5M from $12.8M due to non-recurring barrier projects.
- Net income $2.9M ($0.54 diluted) vs $3.2M ($0.59) a year ago; gross margin 26.8%.
- Backlog $54.8M as of Nov 1 (vs $62.8M prior year); majority expected within 12 months.
- Cash $13.4M, debt $4.6M; company sees tailwinds from infrastructure and data center demand.

## SEC filing metadata
- accession: 0001654954-25-013052
- form_type: 8-K
- ticker: SMID
- cik: 0000924719
- company_name: SMITH MIDLAND CORP
- filed_at: 2025-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/924719/000165495425013052/0001654954-25-013052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924719/000165495425013052/smid_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-013052
- JSON: https://secwatch.observer/filing/0001654954-25-013052.json
- Plain text: https://secwatch.observer/filing/0001654954-25-013052.txt

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