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.
“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”
Listing & Compliance Notices
SMITH MIDLAND CORP received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“May 29, 2026, Smith-Midland Corporation (the “Company”) received a notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company had not yet filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 (the “Form 10-Q”), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1). Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. The Notice has no immediate effect on the listing of the Company’s common stock on The NAS”
Earnings Releases
SMITH MIDLAND CORP reported the period ended December 31, 2025 results: revenue $93.4 million, net income $12.5 million, or $2.36 per diluted share, EPS $2.36 per diluted share.
“compared to $1.9 million · Net income of $2.1 million, or $0.40 per diluted share, compared to $1.4 million and $0.26 Full Year 2025 Summary · Revenue increased 19 percent to $93.4 million · Shipping and installation revenue increased 21 percent · Gross margin increased by 240 basis points to 27.9 percent · Net income of $12.5 million, or $2.36 per diluted share”
Earnings Releases
SMITH MIDLAND CORP reported the fourth quarter and full year 2025 ended December 31, 2025 results: revenue $22 to $24 million, net income higher versus the fourth quarter of 2024.
“For the fourth quarter of 2025, the Company expects revenues of approximately $22 to $24 million, compared to $18.5 million in the prior-year comparable quarter, primarily due to higher product sales and shipping and installation revenue. The Company also anticipates net income to be higher versus the fourth quarter of 2024.”
Listing & Compliance Notices
SMITH MIDLAND CORP received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).
“May 29, 2025, Smith-Midland Corporation (the “Company”), received a letter from Nasdaq indicating that the Company has regained compliance as it relates to its Annual Report on Form 10-K (“10-K”) for the year ended December 31, 2024. The Company’s 10-K was filed on May 27, 2025. On May 29, 2025, the Company received a letter from Nasdaq, indicating it was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company’s Quarterly Report”
Listing & Compliance Notices
SMITH MIDLAND CORP received a nasdaq compliance regained notice regarding late filing (rules 5250(c)(1)).
“May 29, 2025, Smith-Midland Corporation (the “Company”), received a letter from Nasdaq indicating that the Company has regained compliance as it relates to its Annual Report on Form 10-K (“10-K”) for the year ended December 31, 2024. The Company’s 10-K was filed on May 27, 2025. On May 29, 2025, the Company received a letter from Nasdaq, indicating it was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company’s Quarterly Report”
Listing & Compliance Notices
SMITH MIDLAND CORP received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).
“April 17, 2025, Smith-Midland Corporation (the “Company”) received a letter from Nasdaq indicating that it was not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company’s Annual Report in Form 10-K for the year ended December 31, 2024 (the “Form 10-K”). As referenced in the Company’s recent filing of Form 12b-25, the delay in filing the Form 10-K is related to the Company requiring additional time to complete its financial reportin”
Dominic L. Hunter was appointed as Chief Financial Officer at SMITH MIDLAND CORP.
“On April 17, 2025, Dominic L. Hunter, age 62, commenced employment as Chief Financial Officer of the Company.”
Stephanie Poe resigned as Chief Financial Officer, Secretary and Treasurer at SMITH MIDLAND CORP.
“On June 27, 2024, Stephanie Poe, Chief Financial Officer, Secretary and Treasurer of Smith-Midland Corporation (the “Company”), notified the Company of her decision to resign from her positions with the Company, effective July 17, 2024.”
Listing & Compliance Notices
SMITH MIDLAND CORP received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“April 19, 2024, Smith-Midland Corporation (the “Company”) received a letter from Nasdaq indicating that it was not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company’s Annual Report in Form 10-K for the year ended December 31, 2023 (the “Form 10-K”). The delay in filing the Form 10-K is related to the Company requiring additional time to complete its financial reporting close process, as referenced in the recent filing of Form 1”
Matthew Smith was appointed as Director at SMITH MIDLAND CORP.
“On December 27, 2023, Mr. Matthew Smith was appointed as a member of the Board of Directors of the Company.”
Read Van de Water was appointed as Director at SMITH MIDLAND CORP.
“Ms. Read Van de Water was appointed as a director to fill the vacancy resulting from Mr. Taylor’s retirement.”
Wesley A. Taylor retired as Director at SMITH MIDLAND CORP.
“On December 21, 2023, Wesley A. Taylor retired from the Board of Directors of Smith-Midland Corporation (the “Company”)”
Debt Financings
SMITH MIDLAND CORP incurred credit facility of up to $1,500,000 with Summit Community Bank at Wall Street Journal prime rate plus .5% maturing October 1, 2024.
“On November 29, 2023, the Company executed a Commitment Letter from the Bank to provide a guidance line of credit specifically to purchase business equipment up to $1,500,000.”
Debt Financings
SMITH MIDLAND CORP incurred revolving credit of up to $5,000,000 with Summit Community Bank at Wall Street Journal prime rate with an initial rate of 8.500% and a floor of 4.9 maturing October 1, 2024.
“On November 29, 2023, Smith-Midland Corporation (the "Company") renewed its line of credit with Summit Community Bank (the “Bank”) for up to $5,000,000 under substantially the same terms and in the same amount.”
Earnings Releases
SMITH MIDLAND CORP reported Third Quarter 2023 results: revenue $15.7 million, net income $1.3 million, EPS $0.24 per diluted share.
“Smith-Midland Reports Third Quarter 2023 Financial Results Revenue Increased 31% to $15.7 Million; Backlog Remains Strong Over $60 Million”
Governance Changes
SMITH MIDLAND CORP: Amended and restated bylaws to comply with Rule 14a-19, update DGCL provisions, modify director nomination procedures, change meeting notice timing, and adopt forum selection clause (effective 2023-10-25).
“On October 25, 2023, the Board of Directors (the “Board”) of Smith-Midland Corporation (the “Company”) adopted an amendment and restatement of the Company’s By-laws (the “By-laws”), effective as of the same day.”
Shareholder Votes
SMITH MIDLAND CORP shareholders approved Ratification of BDO USA, LLP as independent registered public accounting firm at the 2023-10-25 meeting.
“Proposal No. 2. The Stockholders ratified the selection of BDO USA, LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2023 by the votes set forth below: For Against Abstain 4,253,088 1,197 1,444”
Shareholder Votes
SMITH MIDLAND CORP shareholders approved Election of Directors at the 2023-10-25 meeting.
“Proposal No. 1. The Board of Directors’ nominees were elected to serve as directors until the next Annual Meeting or until each of their respective successors is duly elected and qualified by the votes set forth below: For Withheld Ashley B. Smith 3,575,305 364,236 Wesley A. Taylor 2,911,470 1,027,972 James Russell Bruner 3,372,048 567,493 Richard Gerhardt 3,371,698 567,843”
Earnings Releases
SMITH MIDLAND CORP reported the second quarter of 2023 results: revenue $14.7 million, net income loss per share of $0.15, EPS $0.15.
“Financial Officer 3 --- EX-99.1 (EX-99.1) --- smid_ex991.htm EXHIBIT 99.1 Smith-Midland Reports Second Quarter 2023 Financial Results Revenue Increased 11% from Prior Year to $14.7 Million; Record Backlog of $60.9 Million Announces Preliminary Third Quarter Year-over-Year Revenue Growth in Excess of 20% MIDLAND, VA – October 11, 2023 – Smith-Midland Corporation”
Auditor Changes
SMITH MIDLAND CORP engaged BDO USA LLP as its auditor.
“the Company has retained, on August 23, 2023, BDO USA, LLP ("BDO") as the Company’s independent registered public accounting firm”
Listing & Compliance Notices
SMITH MIDLAND CORP received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“August 17, 2023, Smith-Midland Corporation (the “Company”) received a letter from Nasdaq indicating that it was not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company’s Quarterly Report in Form 10-Q for the quarterly period ended June 30, 2023 (the “Form 10-Q”). The delay in filing is related to the Company’s transition to a new independent registered accounting firm and is not related to any of the Company’s internal financial”
Earnings Releases
SMITH MIDLAND CORP reported the period ended March 31, 2023 results: revenue $12.8 million, net income $80,000, EPS $0.02 per diluted share.
“· Revenue increased 23 percent to $12.8 million from $10.4 million · Product sales increased 41 percent to $8.2 million from $5.9 million · Service revenue unchanged at $4.6 million · Operating income of $54,000, a $227,000 improvement · Net income of $80,000, or $0.02 per diluted share”
Earnings Releases
SMITH MIDLAND CORP reported fourth quarter of 2022 results: revenue $14.5 million, net income $4,000, EPS breakeven on a diluted share basis.
“--- EX-99.1 2 smid_ex991.htm PRESS RELEASE smid_ex991.htm EXHIBIT 99.1 Smith-Midland Reports Fourth Quarter and Year End 2022 Financial Results Fourth Quarter Revenue of $14.5 Million Record Backlog of $52.4 Million MIDLAND, VA – April 17, 2023 – Smith-Midland Corporation (NASDAQ: SMID) a provider of innovative, high-quality proprietary and patented precast”
Earnings Releases
SMITH MIDLAND CORP reported the period ended December 31, 2022 results: revenue $50.1 million, net income $800,000, EPS $0.15 per diluted share.
“Full Year 2022 Summary ● Revenue of $50.1 million versus $50.6 million in 2021 ● Net income of $800,000, or $0.15 per diluted share”
Governance Changes
SMITH MIDLAND CORP: Amended Section 3.11 of the By-Laws to remove cause requirement for director removal and reduce removal vote threshold from 80% to majority of voting power (effective 2023-02-08).
“On February 8, 2023, the Board of Directors of the Company adopted an amendment to the By-Laws of the Company (the “Amendment”), effective as of such date. The Amendment amends Section 3.11 of Article III of the By-Laws such that (a) cause is no longer required to remove any director, or the entire Board of Directors, and (b) the vote required in order to remove any director, or the entire Board of Directors, has been changed from the affirmative vote of the holders of at least 80 percent of the voting power of all of the then-outstanding shares of Voting Stock, voting together as a single class, to the affirmative vote of the holders of a majority of the voting power of all of the then-outstanding shares of Voting Stock, voting together as a single class.”
Stephanie Poe was appointed as Chief Financial Officer at SMITH MIDLAND CORP.
“On December 12, 2022, the Board of Directors of the Company promoted Stephanie Poe, the Company’s Controller, to the positions of Chief Financial Officer, Secretary and Treasurer of the Company, effective January 1, 2023.”
Adam J. Krick resigned as Chief Financial Officer at SMITH MIDLAND CORP.
“On December 12, 2022, Adam J. Krick, Chief Financial Officer, Secretary and Treasurer of Smith-Midland Corporation (the “Company”), notified the Company of his decision to resign from his positions with the Company, effective January 1, 2023.”
Earnings Releases
SMITH MIDLAND CORP reported third quarter ended September 30, 2022 results: revenue $12.0 million, net income $5,000, EPS breakeven on a diluted share basis.
“80 percent to $51.4 million, a record for the Company · Royalty revenue increased 23% to $833,000 · Easi-Set building revenue increased 168% to $1,523,000 · Total revenue of $12.0 million, compared to $13.1 million · Product sales of $7.1 million, compared to $7.2 million Additional Items Subsequent to the Quarter · Awarded $8.6 million contract (included in”
Rodney I. Smith retired as Chairman at SMITH MIDLAND CORP.
“On January 17, 2022, Rodney I. Smith retired as Chairman and as a member of the Board of Directors of Smith-Midland Corporation (the “Company”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.