{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-26-005827","form_type":"8-K","ticker":"SMID","cik":"0000924719","company_name":"SMITH MIDLAND CORP","filed_at":"2026-06-09T20:30:36+00:00","discovered_at":"2026-06-09T20:32:00.252399+00:00","generated_at":"2026-06-09T20:35:43.874621+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Smith-Midland Q1 net income falls to $1.3M from $3.3M; product sales up 29%","bullets":["Revenue $21.6M, down 5% YoY from $22.7M; product sales rose 29% to $11.8M.","Net income $1.3M ($0.25 diluted EPS) vs $3.3M ($0.62) prior year; gross margin 19.9% vs 30.7%.","Service revenue dropped to $9.8M from $13.6M due to non-recurring special barrier projects in Q1 2025.","Cash $13.2M, debt $4.3M; backlog $48.1M as of May 2025 (likely May 2026).","CEO expects product sales growth to continue; Q2 results may not compare favorably to prior year."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-26-005827","json":"https://secwatch.observer/filing/0001654954-26-005827.json","markdown":"https://secwatch.observer/filing/0001654954-26-005827.md","text":"https://secwatch.observer/filing/0001654954-26-005827.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/924719/000165495426005827/0001654954-26-005827-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/924719/000165495426005827/smid_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T20:35:43.874621+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"61645a7806c94c7ad373be7c0d532afbb867eb7a","claim":"SMITH MIDLAND CORP reported first quarter ended March 31, 2026 results: revenue $21.6 million, net income $1.3 million, or $0.25 per diluted share, EPS $0.25 per diluted share.","evidence_excerpt":"and systems, today announced its first quarter results for the period ended March 31, 2026. First Quarter 2026 Summary (compared to prior-year first quarter) · Revenue of $21.6 million compared to $22.7 million · Product sales increased 29 percent to $11.8 million · Gross Profit of $4.3 million compared to $7.0 million · Operating income of $1.7 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/924719/000165495426005827/0001654954-26-005827-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$21.6 million"},{"label":"Net income","value":"$1.3 million, or $0.25 per diluted share"},{"label":"EPS","value":"$0.25 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}