Smith Midland Corporation (SMID)

Smith-Midland Producing over $2.7M in SoundWall Systems for Virginia ProjectsJune 10, 2026 9:25 AM
ACCESS NewswireMIDLAND, VA / ACCESS Newswire / June 10, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a leading producer of innovative precast concrete products for infrastructure, transportation, and building construction, has been awarded three transportation infrastructure projects in Virginia totaling more than $2.7 million.The projects include the manufacture and delivery of over 100,000 linear feet of SoftSound® absorptive noise wall systems, SoundWall panels, posts, and retaining wall systems for major roadway improvements across the Commonwealth.Working with Shirley Contracting, Smith-Midland will manufacture and deliver precast concrete sound wall and retaining wall systems for the Devlin Road project in Prince William County, VA and the Fairfax County Parkway project in Fairfax, VA. The Fairfax County Parkway replacement wall will be taller than the existing structure, providing enhanced noise mitigation for nearby residents while supporting ongoing roadway improvements.Smith-Midland has also partnered with Kokosing Construction Company to provide SoundWall panels for the VDOT Route 164 project in Portsmouth, VA. The project incorporates a combination of new and existing infrastructure by integrating new wall panels with retained original posts, creating an efficient installation process while minimizing disruption and maintaining project schedules.Production for these projects will be done at the Midland, VA plant later this year and into early 2027."These projects reflect the growing need for infrastructure solutions that balance performance, durability, and community impact," said Matthew Smith, Vice President of Sales and Marketing for Smith-Midland Corporation. "From new roadway expansions to the replacement and enhancement of existing sound barriers, our precast wall systems help transportation agencies improve quality of life for surrounding communities while delivering long-term value and construction efficiency. We are proud to continue partnering with respected contractors like Shirley Contracting and Kokosing Construction Company on projects that will serve Virginia residents for decades to come."Smith-Midland's precast wall systems are engineered to provide long-term durability, aesthetic flexibility, and accelerated installation, making them a preferred choice for transportation and infrastructure projects throughout the Mid-Atlantic region. Through innovative manufacturing techniques and decades of precast expertise, the company continues to support transportation agencies and contractors with solutions designed to meet the evolving needs of modern infrastructure.About Smith-Midland CorporationSmith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utility industries.Smith-Midland Corporation has three manufacturing facilities in: Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.Forward-Looking StatementsThis announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.Media Inquiries:
Sarah Crandall

Smith-Midland Reports First Quarter 2026 Financial ResultsJune 9, 2026 4:30 PM
ACCESS NewswireCompany Reports 29 Percent Year-Over-Year Increase in Product Sales and Continued Growth in Core Operations.MIDLAND, VA / ACCESS Newswire / June 9, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products 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 millionProduct sales increased 29 percent to $11.8 millionGross Profit of $4.3 million compared to $7.0 millionOperating income of $1.7 million compared to $4.4 millionNet income of $1.3 million, or $0.25 per diluted share, compared to $3.3 million and $0.62"The Company's 2026 first quarter results reflected continued growth in our core manufacturing and infrastructure related businesses. While our reported earnings were lower than the prior year quarter, it is important to note that the first quarter of 2025 benefited from two significant, high-margin special barrier rental projects that occur on an irregular basis." said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. "Product sales increased 29 percent from the prior-year quarter, thanks to continued strong demand for our Easi-Set and Easi-Span buildings, utility vaults and our SlenderWall and architectural panels. We expect this demand to sustain throughout 2026 as infrastructure spending continues at the federal, state and local levels. We also have multiple special project opportunities related to the upcoming America 250 events and the World Cup and continue to prepare for the upcoming barrier replacement cycle driven by MASH-TL3 regulatory compliance and our growing rental fleet. Overall, we remain confident in our ability to meet customer demand across the multiple sectors we serve and deliver long-term value to our shareholders," concluded Smith.First Quarter 2026 ResultsThe Company reported 2026 first quarter revenues of $21.6 million compared to $22.7 million in the first quarter of 2025. Product sales for the quarter were $11.8 million, compared to $9.1 million in the prior-year quarter. Service revenue, which includes barrier rentals, royalty income and shipping and installation, was $9.8 million compared to $13.6 million in the first quarter of 2025.Gross profit was $4.3 million compared to $7.0 million in the prior year quarter. Gross margin for the quarter was 19.9% compared to 30.7%. The decrease was primarily due to two special barrier rental projects in the first quarter of 2025 that did not recur in the current year quarter.Operating income for the quarter was $1.7 million compared to $4.4 million in the prior-year quarter. Net income for the first quarter was $1.3 million, or $0.25 per diluted share, compared to net income of $3.3 million, or $0.62 per diluted share in the first quarter of 2025.Product SalesTotal product sales for the first quarter of 2026 were $11.8 million compared to $9.1 million in the prior-year quarter. Soundwall sales were $3.4 million compared to $3.8 million in the first quarter of 2025. Easi-Set and Easi-Span Building sales increased to $2.9 million compared to $2.1 million in the prior-year quarter due to increased demand for plant and site assembled buildings and restrooms. Barrier sales were $1.9 million compared to $1.3 million. Utility product sales were $1.4 million, a 42 percent increase compared to the prior-year quarter, reflecting increased demand in utility and infrastructure-related markets. Miscellaneous wall and product sales totaled $634,000, compared to $954,000 in the first quarter of 2025. The Company reported approximately $1.5 million of SlenderWall and architectural panel sales in the first quarter of 2026, compared to no sales in the first quarter of the prior year reflecting continued market adoption and diversification of the Company's product portfolio.Service RevenueService revenue which is comprised of royalty income, barrier rental revenue, and shipping and installation totaled $9.8 million in the first quarter of 2026 compared to $13.6 million in the prior-year quarter. Barrier rental revenue was $2.2 million compared to $8.4 million in the first quarter of 2025. The decrease is attributed to two special barrier projects that were installed and completed during the first quarter of 2025. Likewise, although we have been awarded smaller special barrier projects in the second quarter of 2026, we expect that revenue and operating income in the second quarter of 2026 will not compare favorably to the second quarter of 2025 in which there was a large special barrier project. Barrier rental revenue in the 2026 second quarter will be in line with other quarters in which larger special barrier projects did not occur. Shipping and installation revenue was $6.8 million compared to $4.3 million in the prior-year quarter. The increase is primarily attributed to greater shipping and installation activity of products that were mostly produced in 2025. Royalty income decreased eight percent year over year to $823,000.Balance Sheet and LiquidityAs of March 31, 2026, Smith-Midland's cash totaled $13.2 million compared to $11.9 million at the end of fiscal 2025. Account receivables totaled $29.9 million, and debt totaled $4.3 million as of March 31, 2026. Capital spending totaled $1.6 million in the first quarter of 2026.Macro Environment and OutlookThe Company anticipates increased product sales for the full year of 2026 compared to 2025, but on which there can be no assurance. Infrastructure initiatives across the United States continue to drive greater bidding activity and a potential subsequent increase in backlog for its portfolio of patented, proprietary, and custom products. Inflationary pressures still remain, and the Company continues to manage its materials costs while attracting and retaining skilled labor. Backlog was approximately $48.1 million recorded as of May 2025 compared to $52.4 million in backlog one year prior. The majority of the backlog is anticipated to be fulfilled within 12 months; however, some projects may have a multi-year timeline. The Company remains focused on long-term strategic growth initiatives to drive shareholder value, and believes current bidding activity and project opportunities support continued long-term growth despite ongoing economic uncertainties.About Smith-MidlandSmith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utility industries.Smith-Midland Corporation has three manufacturing facilities in; Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.Forward-Looking StatementsThis announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.Company Contact:Dominic L. Hunter
540-439-3266
investors@smithmidland.comInvestor Relations:Steven Hooser or John Beisler
Three Part Advisors, LLC
214-872-2710
shooser@threepa.com; jbeisler@threepa.comSOURCE: Smith-MidlandView the original press release on ACCESS NewswireOriginal: Smith-Midland Reports First Quarter 2026 Financial Results

Smith-Midland to Present and Host 1x1 Investor Meetings at the 16th Annual East Coast IDEAS Investor Conference on June 10th & 11th in New York, NYJune 5, 2026 9:20 AM
ACCESS NewswireMIDLAND, VA / ACCESS Newswire / June 5, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a leading producer of innovative precast concrete products for infrastructure, transportation, and building construction, today announced management will present at the East Coast IDEAS Investor Conference on Thursday June 11, 2026 at The Westin Times Square in New York, NY. The Company's presentation is scheduled to begin at 3:20pm ET and will hold investor meetings throughout the day. The presentation is webcast and can be accessed through the conference host's main website: https://www.threepartadvisors.com/east-coast.The IDEAS Investor Conferences are held annually and are produced by Three Part Advisors, LLC. Additional information about the events can be located at www.IDEASconferences.com.Qualified investors interested in participating or scheduling a meeting should contact Lacey Wesley at
(817) 769 -2373 or lWesley@IDEASconferences.com.About Smith-Midland CorporationSmith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utility industries.Smith-Midland Corporation has three manufacturing facilities in: Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.Investor Relations:
Steven Hooser or John Beisler
Three Part Advisors, LLC
shooser@threepa.com

Smith-Midland Announces Receipt of Nasdaq LetterJune 3, 2026 6:00 PM
ACCESS NewswireMIDLAND, VA / ACCESS Newswire / June 3, 2026 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced it received a letter from Nasdaq, dated May 29, 2026, 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 on Form 10-Q ("10-Q") for the quarter ended March 31, 2026.The Notice has no immediate effect on the listing of the Company's common stock on The NASDAQ Capital Market.As previously disclosed on the Company's Form 12b-25 filed with the SEC on May 14, 2026, the delay in filing the 10-Q is related to the Company experiencing changes in its internal accounting personnel resulting from the unanticipated resignation of a key accounting staff member, which disrupted the Company's quarter-end close and review process. As a result, additional time is required to complete management's review procedures and finalize the Company's financial statements and related disclosures. The Company has replaced the staff member and is working diligently to complete and file the Quarterly Report as soon as practicable.About Smith-MidlandSmith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utility industries.Smith-Midland Corporation has three manufacturing facilities in: Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.Forward-Looking StatementsThis announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.Company Contact:
Dominic L. Hunter
540-439-3266
investors@smithmidland.comInvestor Relations:
Steven Hooser or John Beisler
Three Part Advisors
(214) 872-2710
shooser@threepa.com; jbeisler@threepa.comSOURCE: Smith-MidlandView the original press release on ACCESS NewswireOriginal: Smith-Midland Announces Receipt of Nasdaq Letter

Smith-Midland Reports Fourth Quarter and Year End 2025 Financial ResultsApril 14, 2026 4:25 PM
ACCESS NewswireCompany Sets Records With 19 Percent Increase in Annual Revenue and 63 Percent Increase in Net IncomeMIDLAND, VA / ACCESS Newswire / April 14, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced its fourth quarter and year-end results for the period ended December 31, 2025.Fourth Quarter 2025 Summary (compared to prior-year quarter)Revenue increased 25 percent to $23.1 millionProduct sales increased 26 percent to $13.8 millionOperating income of $3.2 million compared to $1.9 millionNet income of $2.1 million, or $0.40 per diluted share, compared to $1.4 million and $0.26Full Year 2025 SummaryRevenue increased 19 percent to $93.4 millionShipping and installation revenue increased 21 percentGross margin increased by 240 basis points to 27.9 percentNet income of $12.5 million, or $2.36 per diluted share compared to $7.7 million and $1.45"2025 was a banner year for Smith-Midland, as we once again posted our highest annual revenue and net income in company history," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. "Revenue increased 19 percent from the prior year, thanks to growth across all aspects of our business. This growth, combined with our proactive cost management efforts, resulted in a 63 percent increase in annual net income."We believe the outlook for 2026 remains very favorable for our products, as funding from the Infrastructure and Jobs Act for highway projects continues to drive opportunities for both our Soundwall panels and barrier rentals. Our Easi-Set and Easi-Span building sales are benefiting from increased marketing efforts, and the approaching timeline for MASH-TL3 compliance remains an ongoing opportunity for our patented JJ-Hooks highway barrier system. We also expect to see continued growth in our barrier rentals thanks to our expanded rental fleet, which allows us to participate in larger scale projects. Overall, we remain well-positioned to meet the increased demand across the multiple sectors we serve and deliver long-term value to our shareholders," concluded Smith.Fourth Quarter 2025 ResultsThe Company reported 2025 fourth quarter revenues of $23.1 million compared to $18.5 million in the fourth quarter of 2024. Product sales for the quarter were $13.8 million, a 26 percent increase from the prior-year quarter. Service revenue, which includes barrier rentals, royalty income and shipping and installation, was $9.3 million compared to $7.5 million for the fourth quarter of 2024.Gross profit increased to $5.5 million compared to $4.4 million in the prior year quarter due to the higher revenue base. Gross margin for the quarter was 23.9% compared to 23.7% in the fourth quarter of 2024.Operating income for the quarter was $3.2 million compared to $1.9 million in the prior-year quarter. The improvement was primarily due to the higher revenue base and lower selling, general and administrative expenses. Net income for the fourth quarter was $2.1 million, or $0.40 per diluted share, compared to net income of $1.4 million, or $0.26 per diluted share basis in the fourth quarter of 2024.Full-Year 2025 ResultsRevenues for the year totaled $93.4 million compared to $78.5 million in 2024. Product sales for the full year were $48.3 million compared to $45.6 million in the previous year. Higher Soundwall, SlenderWall and Easi-Set sales more than offset a decrease in utility and miscellaneous sales. Service revenue increased to $45.2 million compared to $32.9 million, primarily due to higher barrier rentals and shipping and installation revenues.Gross profit was $26.0 million compared to $20.0 million in the prior year. Gross margin for the full year was 27.9%, a 240-basis point improvement compared to the prior year. The year-over-year increase is primarily attributable to better fixed cost absorption due to the higher revenue base and multiple special barrier rental projects in the first half of 2025.Operating income for the year was $17.0 million, compared to $9.9 million in the prior year. Net income for 2025 was $12.5 million, or $2.36 per diluted share, compared to $7.7 million, or $1.45 per diluted share.Product SalesTotal product sales for the full year 2025 were $48.3 million compared to $45.6 million in the prior year. Soundwall sales were $14.6 million compared to $11.8 million in fiscal 2024. The increase is primarily associated with increased production across all three facilities. Easi-Set and Easi-Span Building Sales increased to $11.5 million compared to $6.7 million in 2024 due to increased production across all locations. SlenderWall sales were $3.6 million, compared to no sales in 2024. Barrier sales were $4.4 million compared to $3.9 million in the prior year related to increased sales in the Carolinas. Architectural sales for the year were $3.3 million compared to $4.2 million primarily due to projects in the prior year that did not recur in 2025. Miscellaneous wall sales decreased by 26 percent from the prior year to $3.8 million due to timing of contracts compared to 2024. Utility product sales were $4.3 million compared to $7.8 million in 2024. The decrease was due to accelerated data center development in the prior year.Service RevenueService revenue which is comprised of royalty income, barrier rental revenue, and shipping and installation totaled $45.2 million for the full year 2025 compared to $32.9 million in the prior year. Shipping and installation revenue was $21.3 million compared to $17.6 million in 2024. The increase is primarily attributed to the shipping and installation of SlenderWall and Soundwall that were mostly produced in 2024. Barrier rental revenue was $19.7 million compared to $12.0 million in 2024. The increase is primarily attributed to two special rental projects in the first half of the year and greater utilization of the company's rental fleet. Royalty income increased 28 percent year over year to $4.2 million.Balance Sheet and LiquidityAs of December 31, 2025, Smith-Midland's cash totaled $11.9 million compared to cash and investments totaling $7.5 million for fiscal 2024. Account receivables totaled $27.4 million; and debt totaled $4.4 million as of December 31, 2025. Capital spending totaled $9.2 million compared to $6.2 million in 2024.Macro Environment and OutlookThe Company anticipates similar product sales volumes throughout 2026 compared to 2025, as funding related to the Infrastructure Investment and Jobs Act continues through state and local governments in 2026. The Company continues to increase marketing and sales efforts towards SlenderWall® sales and barrier rentals, in line with long-term strategic objectives. Barrier rentals, exclusive of special barrier projects, is expected to be higher in 2026 than in 2025, although given the high level of special barrier projects in 2025, it is likely for there to be a decrease in 2026 from this revenue source. Backlog was approximately $53.1 million recorded as of March 2025 compared to $59.5 million in backlog one year prior. The majority of the backlog is anticipated to be fulfilled within 12 months; however, some projects may have a multi-year timeline. The Company remains focused on long-term strategic growth initiatives to drive shareholder value.About Smith-MidlandSmith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utility industries.Smith-Midland Corporation has three manufacturing facilities in; Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.Forward-Looking StatementsThis announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.Company Contact:Investor Relations:
Steven Hooser or John Beisler
Three Part Advisors, LLC
214-872-2710SOURCE: Smith-MidlandView the original press release on ACCESS NewswireOriginal: Smith-Midland Reports Fourth Quarter and Year End 2025 Financial Results

Smith-Midland Announces Delayed Filing of 2025 Form 10-KMarch 31, 2026 4:30 PM
ACCESS NewswireMIDLAND, VA / ACCESS Newswire / March 31, 2026 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that it has filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the late filing of its Annual Report on Form 10-K ("Form 10-K") for the year ended December 31, 2025. The company expects to file its Form 10-K on or before April 15, 2026.The Company requires additional time to complete its financial reporting close process, including management's assessment of the Company's internal control over financial reporting, as to which material weakness existence will be made, and to gather information required to complete auditing procedures.As previously announced in its March 23, 2026 press release, the company expects fourth quarter 2025 revenues to be 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. For the full year 2025, the Company expects revenue to be between $92 to $94 million, which would represent an 18% annual increase from 2024 at the midpoint, and anticipates record annual net income, subject to final adjustments.About Smith-MidlandSmith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utility industries.Smith-Midland Corporation has three manufacturing facilities in Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.Forward-Looking StatementsThis announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.Additionally, the financial measures presented herein are a preliminary estimate, remain subject to our internal controls and procedures, and are subject to risks and unce1tainties. Any variation between the Company's actual financial results and the preliminary ranges set forth herein may be material.Investor Relations:
Steven Hooser
Three Part Advisors, LLC
(214) 872-2710SOURCE: Smith-MidlandView the original press release on ACCESS NewswireOriginal: Smith-Midland Announces Delayed Filing of 2025 Form 10-K

Smith-Midland's SoftSound(R) Selected for North Carolina Complete 540 ProjectMarch 24, 2026 12:00 PM
ACCESS NewswireMIDLAND, VA / ACCESS Newswire / March 24, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a leading producer of innovative precast concrete products for infrastructure, transportation, and building construction, has been selected to supply $5.4 million in precast concrete noise wall systems for the Complete 540-Triangle Expressway Southeast Extension Project (Complete 540) Segment B. The project is owned by the North Carolina Department of Transportation (NCDOT) and is being constructed by Flatiron Dragados.The project includes a combination of SoftSound® absorptive Ashlar noise walls, prestressed columns for traditional precast noise walls, decorative column caps, and precast base and top coping panels. The decorative prestressed columns with horizontal chamfers and separate column caps will provide additional architectural detailing and visual definition between wall sections, keeping with the design specifications required.All components for the project will be produced at the North Carolina plant, with manufacturing scheduled to begin in May 2026, with delivery and installation expected to start in July 2026."Projects like Complete 540 Triangle Expressway Southeast Extension demonstrate how precast can deliver both performance and aesthetics for modern transportation corridors," said Matthew Smith, Vice President of Sales and Marketing at Smith-Midland Corporation. "By combining our SoftSound® absorptive technology with architectural elements such as decorative columns and hybrid masonry systems, we're helping NCDOT reduce roadway noise while creating infrastructure that enhances the surrounding community."The Complete 540 project will complete an important portion of the loop around the Raleigh area, and Smith-Midland's precast solutions will support NCDOT District 5's goals for effective noise mitigation, durability, and enhanced corridor appearance along this major transportation route.About Smith-Midland CorporationSmith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utility industries.Smith-Midland Corporation has three manufacturing facilities in: Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.Forward-Looking StatementsThis announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.Media Inquiries:
Sarah Crandall

Smith-Midland Announces Preliminary Fourth Quarter and Full Year 2025 ResultsMarch 23, 2026 7:30 PM
ACCESS NewswireFourth Quarter Revenue Expected to Increase 25%; Anticipates Record Full-Year Revenue and Net IncomeMIDLAND, VA / ACCESS Newswire / March 23, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced preliminary, unaudited results for its fourth quarter and full year 2025 ended December 31, 2025.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. For the full year 2025, the Company expects revenue to be between $92 to $94 million, which would represent an 18% annual increase from 2024 at the midpoint, and anticipates record annual net income, subject to final adjustments."2025 has been another banner year for Smith-Midland, as we expect to report new record top and bottom-line results after setting new highs last year," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. "Our results reflect continued demand supported by federal and state infrastructure spending as well as disciplined execution of our growth strategy, including strategic expansion of our rental barrier fleet and product sales initiatives, to further strengthen our market position."The information contained in this press release is preliminary. The Company intends to file its final results for the fourth quarter and full year 2025 in its Form 10-K with the Securities and Exchange Commission no later than March 31, 2026.About Smith-Midland CorporationSmith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utility industries.Smith-Midland Corporation has three manufacturing facilities in; Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.Forward-Looking StatementsThis announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.Additionally, the financial measures presented herein are a preliminary estimate, remain subject to our internal controls and procedures, and are subject to risks and uncertainties. Any variation between the Company's actual financial results and the preliminary ranges set forth herein may be material.Investor Relations:
Steven Hooser or John Beisler
Three Part Advisors, LLC
(214) 872-2710SOURCE: Smith-MidlandView the original press release on ACCESS NewswireOriginal: Smith-Midland Announces Preliminary Fourth Quarter and Full Year 2025 Results

Smith-Midland Producing $1.6M in SlenderWall(R) for Washington D.C. ProjectMarch 10, 2026 9:00 AM
ACCESS NewswireMIDLAND, VA / ACCESS Newswire / March 10, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a leading producer of innovative precast concrete products for infrastructure, transportation, and building construction, announced it will manufacture and supply $1.6M of its proprietary SlenderWall® architectural precast cladding system for a new luxury residential redevelopment project located in Washington D.C.The project incorporates Smith-Midland's SlenderWall® system, a lightweight architectural precast panel system with integrated steel studs designed to reduce structural loads, while delivering durability and architectural versatility. The panels will be manufactured at Smith-Midland's Virginia plant, with production scheduled to begin in May 2026 and on-site erection expected to start in September 2026. The project is owned by Morningstar Community Development and constructed by Orion Habitats Company."SlenderWall continues to be an ideal solution for urban redevelopment projects where structural efficiency and architectural design must work together," said Matthew Smith, Vice President of Sales and Marketing at Smith-Midland Corporation. "This project presented unique design considerations, including multiple building shape changes from the ground floor to the roofline, and SlenderWall's design flexibility allows us to accommodate those transitions while maintaining the project's architectural vision."The facade design incorporates a ribbed form liner pattern, adding visual texture and depth to the building's exterior. The panel layout required careful coordination to address the building's changing geometry as the structure rises, highlighting the versatility of the SlenderWall system in complex architectural applications, adding to Smith-Midland's growing portfolio of SlenderWall installations across the Mid-Atlantic region, where the system is increasingly used for multi-family, mixed-use, and urban developments.About Smith-Midland CorporationSmith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utility industries.Smith-Midland Corporation has three manufacturing facilities in: Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.Forward-Looking StatementsThis announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.Media Inquiries:
Sarah Crandall

Smith-Midland Producing $1.9M in Wall Systems for Virginia Beach ProjectFebruary 3, 2026 9:00 AM
ACCESS NewswireMIDLAND, VA / ACCESS Newswire / February 3, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a leading producer of innovative precast concrete products for infrastructure, transportation, and building construction, was awarded and has begun production on a $1.9 million contract to manufacture SoftSound® sound absorptive noise wall panels, precast retaining wall systems and pre-stressed posts for the Elbow Road improvement project in Virginia Beach, Virginia.The Elbow Road improvements are designed to enhance traffic flow, roadway safety, and long-term corridor performance while reducing traffic noise impacts for nearby neighborhoods. Smith-Midland will be working with Archer Western Contractors on this project for the City of Virginia Beach. The project is slated to go through 2027.A defining feature of the custom SoundWall is its highly specialized design, combining a distinctive aesthetic with a complex manufacturing scope. The panels incorporate a dual-texture finish, sand along the bottom and tree-branch along the top, requiring precise formwork and quality control to deliver consistent, high-quality results. The project, which widens Elbow road and includes bike paths and sound barrier, underscores Smith-Midland's role as a trusted infrastructure partner across Virginia and the Mid-Atlantic, providing proven precast solutions that support community needs while driving long-term value."This project reflects the type of infrastructure investment that supports both economic growth and community well-being," said Ashley Smith, President and Chief Executive Officer of Smith-Midland Corporation. "Our team is proud to contribute to improvements that enhance daily travel while also delivering architectural finishes that complement the surrounding environment. It's a strong example of how our specialized precast capabilities translate into long-term value for owners, contractors, and the communities they serve."Smith-Midland's SoundWall system provides durable, low-maintenance noise mitigation with extensive architectural flexibility, allowing transportation agencies to balance performance, aesthetics, and lifecycle cost. The precast sound wall system will provide reduced highway noise in adjoining neighborhoods, while enabling accelerated installation and reduced on-site disruption.Production is underway at Smith-Midland's Midland, Virginia facility, with deliveries scheduled to align with Archer Western Contractors' phased construction activities. The project adds to Smith-Midland's growing portfolio of transportation infrastructure work and supports continued backlog and revenue generation in the company's core precast operations.About Smith-Midland CorporationSmith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utility industries.Smith-Midland Corporation has three manufacturing facilities in: Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.Forward-Looking StatementsThis announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, general business and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.Media Inquiries:
Sarah Crandall

Bounce coming $SMID

SMID moved to the Nasdaq from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions

News: $SMID Smith-Midland makes it an OTCQX Top 50 Three-Peat

MIDLAND, VA / ACCESSWIRE / January 24, 2019 / The Smith-Midland Corporation (OTCQX: SMID) has been ranked by OTC Markets Group as one of the Top 50 performing companies on their premier OTCQX exchange. Smith-Midland is the only company to be ranked in the Top 50 three years in a row. "We ...

Find out more https://marketwirenews.com/news-releases/smith-midland-makes-it-an-otcqx-top-50-three-peat-7548790.html

Yea on bright side , hoping country got a gonzo vaccination against gradation of complacency regarding keeping the old keep..uh what is that movie: "Its a Wonderful Life"?

Ya no big fancy missiles or tanks. Hopefully Trump (or those in his ear) realizes on a small scale it'll potentially do the opposite of intended effect- i.e. A little parade makes the country look little in a time where globally authoritarian/dictatorial rule is at its strongest in decades and democracy is quickly falling back from the run at the top it has had. Considering how big Trump is on image, I am guessing the idea won't last but we will see (go big or forget style).

All IMO only.

No Tanks no thanks!

Sounds like a somewhat toned down version if this parade goes but we'll see what impact it may have on barrier rental if SMID is called upon. I put this up on another board:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139185837

Shiny toys for the golden emperor...

Ha.if we go Commie SMID would be "pro" and earn many medals,lol!!!! Nice pick back when!!!

Could be interesting for Smith Midland if the parade ever gained traction...

http://amp.wsoctv.com/news/local/pentagon-says-president-trump-ordered-washington-military-parade/695877229

Still got some, would be a bonus for them if this cheesy taxpayer-funded idea happened.

All IMO only.

This has potential to be a recurring event to boost SMID's rental barriers in summer (sounds like an event close to as big as inaugural given it'd be down Pennsylvania Ave but hard to know at this juncture):


https://www.bloomberg.com/news/articles/2017-09-18/trump-says-he-may-hold-july-fourth-military-parade-in-washington

US concrete is not a pure play on concrete either although that is their core (they're lightly vertically integrated).

Hope your boots are high enough to keep you dry in the swamp. Found this article and picture near the swamp a little while back...

http://wjla.com/news/local/inauguration-2017-dc-businesses-prepare-for-barricades-road-closures-parking-headaches

Nice writeup! Only thing that makes me a little nervous is this tidbit from the 10K. Sounds like Q1 will be on the soft side, which might present a buying opportunity down around $5.

From the 10K:

Sales continue to look strong for 2017, although several larger projects were delayed from starting in the first quarter of 2017 and will not start until the second quarter of the year.

MCEM is a pure concrete play; I own some...

SA article $SMID @6.20 pps...https://seekingalpha.com/article/4061726-smith-midland-fundamentally-positioned-another-100-percent-run

Except for US concrete not many pure concrete plays right?

Checked the Mexican cement Co but so large and so much debt.

More like "pithification". Might explain a few things.

Great pick and now in sync with Trump "mythification".

Agreed. Bigger quarter than I was expecting. After this we have hurricane rebuilding work plus the FAST act plus more potential infrastructure spending due to Trump. He was promising a trillion in spending when he was campaigning.

Huge quarter for SMID and just the beginning of the next several years :).

Time for me to go sing What does the VOXX say with daughter.

They will probably get a decent bit of rebuilding or upgrading work in South Carolina after this Hurricane passes. Concrete stands up better to hurricanes than anything else.

Thx for the share 1center, I disagree with the author about this growth coming from the FAST Act. Very little of that legislated funding has made it out into the markets/customers/SMID in Q2 report. This was stuff from state level funding and old federal dollars IMO.

I expect growth in 2017 over 2016 minus the Pres Inaug contract and at that point think it will be boosted by FAST Act. Still a bit early for FAST act dollars.

All IMO only.

$SMID..3.17..Smith-Midland Is A Rapidly Growing, Undiscovered Company

http://seekingalpha.com/article/3999622-smith-midland-rapidly-growing-undiscovered-company?auth_param=21hhj:1br3sb7:622374e4a8818d49c472821e86c71c96&uprof=45#alt1

1center- Did the governor go ahead and sign the $400 mill bill? Hopefully South Carolina gets a little more proactive funding roadwork going fwd. Georgia and North Carolina have been better lately but seems South Carolina is a bit stuck in the mud for longer term plans and fixes.

Was a solid report and I'm hopeful the new facility will become a good growth opportunity not only in SC but in southern reaches of NC and a good chunk of Georgia if they can cover thru to Atlanta. :)

2017 could shape up to be a record year if they can execute especially on margins. Looking forward to watching things continue to develop, I still have a little reflux off that Q1 margins report lol.

Econ- ya I went off a little on them on Q1 for the, uh, lack of building margins while hiring more peeps, giving them raises, and building backlog to historic highs ahead of time.

Guess they got the message but too bad they did the hiring and raises BEFORE the margin increases. Mngmnt mistake on their part plain and simple IMO. But, moving on...

That said, they didn't split out how much startup cost was involved in Q1 last Q (woulda been nice if they'd been better at telegraphing that in Q1 report commentary) and some lower margin earlier bid biz was getting churned thru in Q1 so the latter of those should be behind them and the continuing increase in capability down in Hopkins should bode well for being able to bid more work/better margin with more product going forward (breeeeeathe, long sentence LOL).

They work with some fairly big heavy civil companies already in Va and some of those companies also work down into the newer geographic footprint regions so I'm hopeful for a fairly smooth transition there. The facility has good overhead clearance so they should be able to expand product line (unlike in North Carolina where the facility is smallish and not enough overhead for some work).

Backlog burned down and it may tighten a little further next couple Qs but as previously mentioned, it's my opinion backlog will get to building again in 2017 and workloads may increase enough to raise pricing. At least SMID has the inaug contract and mentioned Q3 will be healthy too which gets them thru to 2017.

Should be a busy few years for many of these downtrodden infrastructure-intensive companies.

I like CUO better but this is also a core holding so was somewhat happy with their progress sequentially (margins still not where I'd like to see but getting better- I want to see COGS in the 70s% range).

All IMO. Good luck.

PS- new spending is going to have to get thru congress and we know what they've killed when it comes to incrastructure spend. But the jobs created are better paying and not service-side compared to many jobs available to less trained or educated work force IMO (part of the group left out of the little bit of recovery we've had) so maybe the branches will work together for a change. Maybe.

I took a position today. From the 10-Q looks like they're mainly bidding on higher margin contracts and expect to get a good bit of them. They're keeping costs down. The highway bill is really going to help the company out. On top of that you have both Hillary Clinton and Donald Trump claiming they would boost infrastructure spending by hundreds of billions.

Great to hear, especially your preview of foreseeable "lettings".

Thx swamp, this is a core holding for me and has been for quite awhile although I do flip some shares.

The timing of the Hopkins facility purchase was definitely fortuitous IMO and glad that finally got consummated.

It was obviously frustrating seeing Q1 revs results and the lousy margins (I tried to make that pretty clear lol) but they (probably CFO) did a much better job directly addressing the issue in this quarter's release with commentary in the Q filing so it looks like they are back on track with their business and running it profitably.

This should be the beginning of a sustainable run of increased work for them even with the backlog burn. They have good ties with several heavy civil companies that operate around the Mid Atlantic and into the Southeast.

The backlog burn was heavy in the Q but there should be a good bunch of lettings coming as 2017 develops and the next 2 Qs should be robustly healthy to give them a bridge getting to the increased project spends in 2017 and IMO probable bump back up in backlog. Looked like Rodney may have hinted at that with the commentary about 2017.

Should be some brighter years ahead finally in both the heavy and light construction area for the country. That bodes well for SMID.

All IMO.

$SMID..$3.10..So nice to see the offer being bought....

8k letter from 7/14/16
The associates of the Company worked hard in 2015 to realize the $1.0 million dollar profit for the year; however, we will have to work even harder in 2016 to duplicate the same level of profit. 2016 started out slow in the first quarter with a small loss, however, the second quarter has begun to pick up and should result in a profitable quarter and a profitable six month period ending June 30, 2016. We have added some profitable contracts for 2016 that should see us through the year and into 2017. In addition, we have made some good advances in our production processes through lean manufacturing that have helped us reduce our labor cost and become more efficient. We will continue to update our production and office processes to make the Company more efficient, quality driven and safety conscious. These goals should add value to the Company and let our customers feel more confident in our pricing and quality commitments.
/s/ Rodney I. Smith
Rodney I. Smith
Chairman of the Board and
Chief Executive Officer

EXHIBIT 99.1
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&dcn=0000924719-16-000059&nav=1&src=Yahoo

http://finance.yahoo.com/q?s=SMID

http://smithmidland.com/

Great pick Littlefish reminds me of SLP eons ago.

Rodney Smith,...$SMID..We believe that the third quarter should be significantly better than the second quarter.

$SMID..Columbia property 8k.
http://ih.advfn.com/p.php?pid=nmona&article=72068685

$SMID 07/14/16..To Our Smith-Midland Shareholders, Customers, Associates and Business Partners:

Results of operations for 2015

2015 was a very profitable year for Smith-Midland Corporation overall, with sales at $29.2 million for the year compared to $22.5 million for 2014, an increase of $6.7 million. Net income for the year 2015 was $1.0 million compared to a loss of $804,838 for 2014, an increase of $1.8 million. Both our barrier rental and our licensing companies had very strong years and contributed greatly to our success in 2015. The management for both companies have continued to be very aggressive in their marketing and sales programs for 2016 and forward to 2017. While we believe that 2016 will be a solid year for the Company, 2015 will be a difficult year to improve upon.
As the economy continues to improve, we expect our 60 plus Easi-Set Worldwide licensees will continue to see more highway and infrastructure projects tied to the large highway bill passed in late 2015 by Congress. Many of our licensees are already beginning to receive additional barrier sales orders because of the federal highway bill and we believe this trend will continue for 2016 and into 2017. The infrastructure improvements of the highway bill relate to products that are required on new road construction and improvements of old roads creating a need for additional manholes and utility buildings. Easi-Set utility buildings and JJ Hooks highway barriers are a large part of our licensing revenues and as such, we are seeing an increase in licensing revenues.
In 2015, Concrete Safety Systems realized a significant increase in short-term special barrier rental projects, combined with the additional services that go with the rental including transportation costs, manpower for loading and offloading as well as crews required to set and remove the rented barrier. In 2015 we had a single short-term special rental project that was very profitable for the Company, one that will not be repeated this year, however, our core business rentals will continue to grow and provide us with a good profit in 2016. In addition to our core rental business, the Company believes it may receive one or more smaller short-term special barrier rental projects to help improve our sales and net income for the rental division of the Company.
On March 27, 2016, the Company executed an agreement to purchase the land, building and fixtures of a precast concrete production facility located near Columbia, South Carolina for a purchase price of $1,550,000. The facility is located on 39 acres of land and has approximately 40,000 square feet of production auxiliary and office space. The purchase will be financed by a new 10 year term bank facility pursuant to a commitment letter with the Company's current bank in the amount of $1,240,000 with the balance being provided from the Company's cash resources. The sale is scheduled to close in the very near future. The new subsidiary, Smith-Columbia, is currently renting the facility from the owner allowing us to produce a $3.5 million barrier contract. With this contract, we expect the new facility to show a profit during the first year of operations.
Our precast manufacturing facility, Smith-Carolina, located in Reidsville, NC also made a profit in 2015 due to production of soundwall for a large highway project. The production of panels for this project is scheduled to continue through the end of 2016. The facility also has a significant contract for the sale of barrier and is one of our leading producers of Easi-Set utility buildings. We believe that Smith Carolina will continue to grow and expand in the near future and will be a shining star for the Company.
A Look Ahead to 2016 and Beyond
The associates of the Company worked hard in 2015 to realize the $1.0 million dollar profit for the year; however, we will have to work even harder in 2016 to duplicate the same level of profit. 2016 started out slow in the first quarter with a small loss, however, the second quarter has begun to pick up and should result in a profitable quarter and a profitable six month period ending June 30, 2016. We have added some profitable contracts for 2016 that should see us through the year and into 2017. In addition, we have made some good advances in our production processes through lean manufacturing that have helped us reduce our labor cost and become more efficient. We will continue to update our production and office processes to make the Company more efficient, quality driven and safety conscious. These goals should add value to the Company and let our customers feel more confident in our pricing and quality commitments.
/s/ Rodney I. Smith
Rodney I. Smith
Chairman of the Board and
Chief Executive Officer

EXHIBIT 99.1
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&dcn=0000924719-16-000059&nav=1&src=Yahoo

http://finance.yahoo.com/q?s=SMID

http://smithmidland.com/

Ah that's a ways away from the Hopkins place. I think the facility is on Garners Ferry Rd outside (east of) Columbia.

I'm in Greenville upstate SC about 120 miles
from Columbia

1center, just out of curiosity how far are you from Hopkins if it's OK to ask?

$SMID J-J Hooks Safety Barrier Plays Supporting Role in Community Beautification Project
Marketwired Smith-Midland Corporation
2 hours ago
????

MIDLAND, VA--(Marketwired - Jun 1, 2016) - Easi-Set Worldwide, a subsidiary of the Smith-Midland Corporation (OTCQX: SMID), project update: The Jamaica Bay, NY Restoration Corps and hundreds of volunteers worked together to design and paint a mural on J-J Hooks barrier provided, under a NYCDOT maintenance contract, by Easi-Set licensed producer Roman Stone Construction of Bay Shore, NY.

The Rockaway Barrier Beautification Project contains the longest mural in New York City, covering a 1.5 mile stretch of roadway along the beach in Rockaway, NY. The barrier protects pedestrians and bicyclists along Shore Front Parkway between Beach 74th and Beach 107th Streets in Rockaway Beach, NY -- an area significantly damaged by Superstorm Sandy.

The NYC Parks Department invited local artists and designers to envision the surface of these ordinary construction barriers as canvases for art and received submissions from more than 50 artists. The community residents were then allowed to vote on and select their three favorite designs.

The murals, covering more than 37,000 square feet, were hand-painted by over 250 volunteers and the NYC Parks staff over a 12-day period. All three winning designs selected by the Rockaway community were beachfront themes containing the ocean, waves, surfers, and seagulls.

"Roman Stone Construction," says Anna Faia, VP-Sales/Corporate Secretary, "is very proud to have been a part of the Beautification Project by providing the barrier and we continue to work with designers and contractors as they work to restore and beautify the Rockaway Beach area."

J-J Hooks, North America's most successful, proprietary precast concrete temporary safety barrier connection, has an extensive history of success and currently exceeds 12 million linear feet of product delivered. Installed on highway construction projects and in security barrier applications nationwide, J-J Hooks are being delivered at an average pace of one million feet annually. J-J Hooks safety barriers are procured from multiple licensed producers through competitive bidding with other non-proprietary barriers.

One of Easi-Set Worldwide's J-J Hooks licensed precast producer is NY based Roman Stone Construction Company, which has served the Long Island market since 1903. "Roman Stone has proven itself over the decades, providing great quality and customer service," said Art Miles, President, Easi-Set Worldwide. "We're proud to have this company as a member of the Easi-Set family."

About Easi-Set Worldwide

Easi-Set® Worldwide, a wholly-owned subsidiary of Smith-Midland Corporation (DE), a publicly traded company (OTCQX: SMID), licenses the production and sale of proprietary precast products around the world. For more information on J-J Hooks or precast product licensing opportunities, please call (540) 439-8911 or visit www.jjhooks.com or www.EasiSet.com.
Contact:
Media, Licensing and Sales Inquiries:
Easi-Set Worldwide
info@easiset.com
(540) 439-8911
http://finance.yahoo.com/news/j-j-hooks-safety-barrier-121000469.html

Profile: Smith-Midland Corporation (OTCQX: SMID)
http://finance.yahoo.com/q/pr?s=SMID+Profile

Another positive, just noticed malfunction junction and the Columbia spot mentioned would be relatively close by the facility. Hope the company gets up and running to get tied in with big players on the construction side there.

Grenville is on far side of Columbia from plant but not too terribly far away.

Thx for the share, kind of following what several states are finally doing. These things tend to take time to get funded and worked out more clearly/released to specific projects but certainly will be helpful. Also lowering the threshold to $25 mill projects may provide for more muni type work projects vs the big highway type stuff.

Looks like the long winter in infrastructure companies is finally over. Spring thaw has started, now we could use some summer weather and patience.

As long as management can carry normal weight, we should be looking good. :)

SC..House passes amended road-funding, DOT reform bill
COLUMBIA — The House has passed and amended a Senate bill that would mean $4 billion for work on South Carolina's crumbling roads and bridges as well as a new system of governance for the state's highway agency....

http://www.greenvilleonline.com/story/news/politics/2016/05/24/house-gives-key-approval-road-funding-dot-reform-bill/84871172/