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Smith midland Corporation  (SMID)
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Price: $35.9400 $-8.33 -18.816%
Day's High: $44.9036 Week Perf: -19.07 %
Day's Low: $ 35.27 30 Day Perf: -9.77 %
Volume (M): 37 52 Wk High: $ 46.37
Volume (M$): $ 1,333 52 Wk Avg: $25.22
Open: $44.01 52 Wk Low: $14.00



 Market Capitalization (Millions $) 190
 Shares Outstanding (Millions) 5
 Employees 205
 Revenues (TTM) (Millions $) 58
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) 4

Smith Midland Corporation

Smith-Midland Corporation (the "Company") invents, develops, manufactures, markets, leases, licenses, sells, and installs a broad array of precast concrete products for use primarily in the construction, highway, utilities and farming industries through its five wholly-owned subsidiaries. The Companys precast and barrier rental customers are primarily general contractors and federal, state, and local transportation authorities located in the Mid-Atlantic, Northeastern, Midwestern and Southeastern regions of the United States. The Companys operating strategy has involved producing innovative and proprietary products, including SlenderWall™, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; J-J Hooks® Highway Safety Barrier, a patented, positive-connected highway safety barrier; SoftSound™, a proprietary sound absorptive finish used on the face of sound barriers to absorb some of the traffic noise; Sierra Wall™, a sound barrier primarily for roadside use; Easi-Set™ and Easi-Span™ transportable concrete buildings with patented features; and Beach Prisms™ erosion mitigating modules. In addition, the Companys precast subsidiaries produce farm products such as cattleguards and water and feed troughs as well as custom order precast concrete products with various architectural surfaces, as well as generic highway sound barriers, retaining walls and utility vaults.

The Company was incorporated in Delaware on August 2, 1994. Prior to a corporate reorganization completed in October 1994, the Company conducted its business primarily through Smith-Midland Virginia, which was incorporated in 1960 as Smith Cattleguard Company, a Virginia corporation, and which subsequently changed its name to Smith-Midland Corporation in 1985. The Company’s principal offices are located at 5119 Catlett Road, Midland, Virginia 22728 and its telephone number is 540-439-3266. As used in this report, unless the context otherwise requires, the term the “Company” refers to Smith-Midland Corporation and its subsidiaries. The Company’s wholly owned subsidiaries consist of Smith-Midland Corporation, a Virginia corporation; Smith-Carolina Corporation, a North Carolina corporation; Easi-Set Industries, Inc., a Virginia corporation; Concrete Safety Systems, Inc., a Virginia corporation; and Midland Advertising and Design, Inc., a Virginia corporation doing business as Midland Advertising + Design.

The Companys precast and barrier rental market primarily consists of general contractors performing public and private construction contracts, including the construction of commercial buildings, public and private roads and highways, and airports, municipal utilities, and federal, state, and local transportation authorities, primarily located in the Mid-Atlantic, Northeastern, Midwestern and Southeastern states. Due to the lightweight characteristics of the SlenderWall™ exterior cladding system, the Company has expanded its competitive services outside of the Mid-Atlantic states. The Companys licensing subsidiary licenses its proprietary products to precast concrete manufacturers nationwide and internationally in Canada, Belgium, New Zealand, Australia, Mexico, Trinidad, Spain, and Chile.

The precast concrete products market is affected by the cyclical nature of the construction industry. In addition, the demand for construction varies depending upon weather conditions, the availability of financing at reasonable interest rates, overall fluctuations in the national and regional economies, past overbuilding, labor relations in the construction industry, and the availability of material and energy supplies. A substantial portion of the Companys business is derived from local, state, and federal building projects, which are further dependent upon budgets and, in many cases, voter-approved bonds.



   Company Address: 5119 Catlett Road Midland 22728 VA
   Company Phone Number: 439-3266   Stock Exchange / Ticker: NASDAQ SMID
   SMID is expected to report next financial results on April 16, 2024.


Customers Net Income grew by SMID's Customers Net Profit Margin grew to

8.75 %

10.42 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
EXP        3.03% 
SUM        3.12% 
VMC        1.63% 
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Smith Midland Corporation

Smith Midland Corporation's Revenue Skyrockets by 30.905%: A Beacon of Hope in a Downtrodden Construction Market



Smith Midland Corporation, a Construction Raw Materials company, has recently reported positive financial results for its most recent fiscal period. While the company witnessed a significant increase in revenue and a rise in net profit per share, several concerning factors cast doubt on the sustainability of its success. This article will delve into the various aspects that suggest a bearish outlook for Smith Midland Corporation.
Declining Construction Raw Materials Sector:
Smith Midland Corporation's revenue growth of 30.905% during the reported fiscal period stands out significantly against the construction raw materials sector's average contraction of -7.71%. However, it is crucial to note that the company's exceptional performance might not be sustainable, given the broader market scenario.

Smith Midland Corporation

Smith Midland Corporation Defies Industry Trends with Impressive Revenue Growth

Smith Midland Corporation is a company that operates in the Construction Raw Materials industry. Despite the challenges faced by its industry peers, Smith Midland has shown significant revenue improvement in recent years. In the financial reporting period ending on June 30, 2023, the company's revenue increased by 10.903% compared to the previous year, reaching $14.70 million. However, the company also saw a loss per share of $-0.15 during this period.
The Construction Raw Materials industry as a whole has experienced a decline in revenue. Smith Midland Corporation, however, has defied this trend and managed to improve its top-line performance. In the preceding financial reporting period, the company's revenue increased by 14.453% from $12.84 million, although its earnings per share fell from $0.02 per share.

Smith Midland Corporation

Smith Midland Corporation Shows Resilience with Unchanging EPS in Fiscal First Quarter of 2023

Smith Midland Corporation, despite registering an increase in revenue of over 23% in the fiscal first quarter of 2023, has seen no improvement in its net profit per share, which remained stagnant at $0.02 per share. This might seem worrying to some investors, but it is necessary to examine the underlying factors that are driving the lack of improvement before making any decisions.
It is important to note that the company has made significant progress compared to the same financial reporting period a year ago, where it had a net deficit of $-0.119 million. At present, Smith Midland Corporation stands at net profits of $0.080 million in the fiscal first quarter of 2023, which is a marked improvement. It is the steps that Smith Midland Corporation has taken to enhance their profit margins that have enabled them to achieve these results.
Smith Midland Corporation has been steadily working towards improving its profit margins, which has resulted in an increase in its net margin and operating margin. The net margin rose to 0.62% in the fiscal first quarter of 2023, while the operating margin edged up to 0.42%. These numbers suggest that the company is making progress in restructuring its business operations to better take advantage of revenue streams.






 

Smith Midland's Segments
 
 
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