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Smith midland Corporation  (SMID)
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Smith midland Corporation

SMID's Financial Statements and Analysis



Smith midland Corporation reported in the third quarter of 2023 net earnings per share of $0.24 an increase by 0 % year on year from $0.00 and an improvement compare to net loss per share of $-0.15 realized in previous quarter.


third quarter of 2023
Earnings Per Share Revenues
$ 0.24 $  16 Mill
$+0.24     $+4M     +30.9 %



Smith Midland's Revenue rose by 30.9 % in third quarter of 2023 (Sep 30 2023) year on year, to $16 million and advanced by 6.48 % sequentially.


Smith Midland is Expected to report next financial results on April 16, 2024.

More on SMID's Income Statement



Smith Midland's net income of $1.266 million in the third quarter of 2023 increased by 25220 % from net earnings of $0.005 million achieved in III. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-0.782 million recorded in previous quarter.

More on SMID's Growth

Smith Midland Inventories
Inventories declined by -6.29 % to $1.97 million from III. Quarter a year ago, sequentially inventories fell by -17.99 %. SMID's Cash flow In the third quarter of 2023 company's net cash flow was $1 million, capital expenditures grew by -1.777-34.89%, to $-1 millions compare to same quarter a year ago

More on SMID's Cash flow Statement


Smith midland Corporation does not pay out common stock dividend.

In trailing twelve-month period Smith midland Corporation earned $ 0.09 cash per share, on a free-cash flow basis 79.28 % of net earning per share.

Book value grew by 3.35 % sequentially to $6.38 per share, 139.68% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 6.38 per share from $ 6.18.

Company issued 0.04 million shares or 0.80 % in Sep 30 2023.
Interest Coverage Ratio was 3.47. Debt Coverage Ratio was 0.14.

More on SMID's Dividends

 Market Capitalization (Millions) 223
 Shares Outstanding (Millions) 5
 Total Debt (Millions $) 6
 Revenue (TTM) (Millions $) 58
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) -4
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 205




Smith midland Corporation does not pay out common stock dividend.

In trailing twelve-month period Smith midland Corporation had $ 0.09 cash flow per share, on a free-cash flow basis 79.28 % of net earning per share.

Book value grew by 3.35 % sequentially to $6.38 per share, 139.68% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 6.38 per share from $ 6.18.

Company issued 0.04 million shares or 0.80 % in Sep 30 2023.
Interest Coverage Ratio was 3.47. Debt Coverage Ratio was 0.14.

More on SMID's Balance Sheets

 Market Capitalization (Millions) 223
 Shares Outstanding (Millions) 5
 Total Debt (Millions $) 6
 Revenue (TTM) (Millions $) 58
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) -4
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 205
   


  News about Smith midland Corporation Earnings

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 no...

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 r...

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 i...


Date modified: 2023-11-12T04:30:06+00:00





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