secwatch.observer — SEC 8-K summary
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Issuer:     SMITH MIDLAND CORP (SMID)
CIK:        0000924719
Form:       8-K
Filed at:   2026-08-14T20:16:50+00:00
Accession:  0001654954-26-007658
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith-Midland Q2 revenue falls to $23.4M, EPS $0.26; backlog up 19% to $57.4M
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- Q2 revenue $23.4M vs $26.2M; net income $1.4M ($0.26/diluted) vs $4.2M ($0.79) YoY.
- Gross margin 23.2% vs 29.7%; operating income $2.0M vs $5.5M.
- Backlog $57.4M as of Aug 1, 2026, up 19% QoQ and 6% YoY.
- Post-quarter awards: $10M I-81 VDOT contract, $1.7M Louisiana data center, ~$1M utility vaults.
- Utility product sales up 126% YoY; barrier sales up to $2.8M from $1.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924719/000165495426007658/0001654954-26-007658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924719/000165495426007658/smid_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-007658

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer