Smith-Midland expects Q4 revenue up ~25% YoY, record full-year revenue and net income

SMITH MIDLAND CORP

Q4 2025 revenue expected $22-24M, up from $18.5M in Q4 2024.
Full year 2025 revenue guided $92-94M, ~18% growth vs 2024 at midpoint.
Anticipates record annual net income; final results to be filed by March 31, 2026.
CEO cites federal/state infrastructure spending and fleet expansion as drivers.

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