---
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"
generated_at: "2026-06-09T20:35:43.874621+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Smith-Midland Q1 net income falls to $1.3M from $3.3M; product sales up 29%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/924719/000165495426005827/0001654954-26-005827-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924719/000165495426005827/smid_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-26-005827
- JSON: https://secwatch.observer/filing/0001654954-26-005827.json
- Plain text: https://secwatch.observer/filing/0001654954-26-005827.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2026
  - Revenue: $21.6 million
  - Net income: $1.3 million, or $0.25 per diluted share
  - EPS: $0.25 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/924719/000165495426005827/0001654954-26-005827-index.htm

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