Smith-Midland Reports Second Quarter 2025 Financial Results
Smith-Midland (NASDAQ:SMID) reported exceptional Q2 2025 financial results, with revenue surging 33% to $26.2 million and net income more than doubling to $4.2 million ($0.79 per diluted share). The company achieved a significant gross margin improvement of 360 basis points to 29.7%.
The quarter's success was driven by strong performance across multiple segments: Soundwall sales reached $5.2 million, barrier rental revenue increased to $5.8 million, and SlenderWall contributed $1.5 million. The company maintains a robust backlog of $54 million as of August 2025, with continued momentum from infrastructure initiatives and increasing demand for rental barriers.
Smith-Midland (NASDAQ:SMID) ha comunicato risultati finanziari eccezionali per il secondo trimestre 2025: i ricavi sono cresciuti del 33% raggiungendo 26,2 milioni di dollari e l'utile netto 猫 pi霉 che raddoppiato a 4,2 milioni di dollari (0,79 $ per azione diluita). La societ脿 ha registrato un notevole miglioramento del margine lordo di 360 punti base, portandolo al 29,7%.
Il successo del trimestre 猫 stato trainato da solide performance in diversi segmenti: le vendite di Soundwall hanno raggiunto 5,2 milioni di dollari, i ricavi da noleggio barriere sono saliti a 5,8 milioni di dollari e SlenderWall ha contribuito per 1,5 milioni di dollari. A agosto 2025 l'azienda mantiene un robusto portafoglio ordini di 54 milioni di dollari, con slancio continuo dagli investimenti infrastrutturali e una crescente domanda di barriere a noleggio.
Smith-Midland (NASDAQ:SMID) present贸 resultados financieros excepcionales en el segundo trimestre de 2025: los ingresos aumentaron un 33% hasta 26,2 millones de d贸lares y el beneficio neto m谩s que se duplic贸 hasta 4,2 millones de d贸lares (0,79 $ por acci贸n diluida). La compa帽铆a logr贸 una mejora significativa del margen bruto de 360 puntos b谩sicos, situ谩ndolo en 29,7%.
El 茅xito del trimestre estuvo impulsado por un s贸lido desempe帽o en varios segmentos: las ventas de Soundwall alcanzaron 5,2 millones de d贸lares, los ingresos por alquiler de barreras subieron a 5,8 millones de d贸lares y SlenderWall aport贸 1,5 millones de d贸lares. A agosto de 2025 la empresa mantiene una s贸lida cartera de pedidos de 54 millones de d贸lares, con el impulso sostenido por iniciativas de infraestructura y una creciente demanda de barreras en alquiler.
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Smith-Midland (NASDAQ:SMID) a annonc茅 des r茅sultats financiers exceptionnels pour le deuxi猫me trimestre 2025 : le chiffre d'affaires a bondi de 33% pour atteindre 26,2 millions de dollars et le r茅sultat net a plus que doubl茅 pour s'茅tablir 脿 4,2 millions de dollars (0,79 $ par action dilu茅e). La soci茅t茅 a enregistr茅 une am茅lioration significative de la marge brute de 360 points de base, la portant 脿 29,7%.
Le succ猫s du trimestre a 茅t茅 port茅 par de solides performances sur plusieurs segments : les ventes de Soundwall ont atteint 5,2 millions de dollars, les revenus de location de barri猫res ont augment茅 pour s'茅tablir 脿 5,8 millions de dollars et SlenderWall a contribu茅 pour 1,5 million de dollars. Au mois d'ao没t 2025, la soci茅t茅 dispose d'un carnet de commandes solide de 54 millions de dollars, soutenu par l'茅lan des initiatives d'infrastructure et une demande croissante pour les barri猫res en location.
Smith-Midland (NASDAQ:SMID) meldete herausragende Finanzergebnisse f眉r das zweite Quartal 2025: Der Umsatz stieg um 33% auf 26,2 Millionen US-Dollar und der Nettogewinn mehr als verdoppelte sich auf 4,2 Millionen US-Dollar (0,79 USD je verw盲sserter Aktie). Das Unternehmen verzeichnete eine deutliche Verbesserung der Bruttomarge um 360 Basispunkte auf 29,7%.
Der Erfolg des Quartals wurde durch starke Leistungen in mehreren Segmenten getragen: Die Soundwall-Ums盲tze erreichten 5,2 Millionen US-Dollar, die Mieteinnahmen f眉r Barrieren stiegen auf 5,8 Millionen US-Dollar und SlenderWall trug 1,5 Millionen US-Dollar bei. Zum August 2025 h盲lt das Unternehmen einen robusten Auftragsbestand von 54 Millionen US-Dollar, gest眉tzt durch anhaltende Infrastrukturprojekte und eine wachsende Nachfrage nach Mietbarrieren.
- Record quarterly revenue of $26.2 million, up 33% year-over-year
- Net income doubled to $4.2 million ($0.79 per diluted share)
- Gross margin improved by 360 basis points to 29.7%
- Strong barrier rental revenue growth to $5.8 million from $1.4 million
- Substantial backlog of $54 million
- Continued listing in Russell 2000 and 3000 Indexes
- Royalty income increased 53% year-over-year
- Special barrier rental projects from H1 2025 not expected to recur in H2
- Utility product sales declined to $871,000 from $2.1 million
- No architectural panel sales reported in Q2 2025
- Continued inflationary pressures affecting materials costs
- Backlog decreased from $59 million to $54 million year-over-year
Insights
Smith-Midland delivers exceptional Q2 2025 with record revenue, doubled profits, and strong margin improvement driven by special barrier project and increased product sales.
Smith-Midland's Q2 2025 results showcase remarkable growth with revenue jumping
The gross margin improvement of
Revenue composition reveals interesting insights. Product sales remained relatively flat at
The product mix shift is noteworthy: Soundwall sales more than doubled to
The balance sheet remains solid with
Management's cautionary note about non-recurring special barrier rental projects in the second half suggests potential revenue normalization, though continued infrastructure spending and regulatory-driven barrier replacements should provide sustained demand. This exceptional quarter demonstrates Smith-Midland's ability to capitalize on infrastructure spending and its growing rental fleet strategy.
Record Quarterly Revenue and Doubling of Net Income From Prior Year
MIDLAND, VA / / August 14, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced its second quarter results for the period ended June 30, 2025.
Second Quarter 2025 Summary (compared to prior-year quarter)
Revenue increased 33 percent to
$26.2 million Gross margin increased 360 basis points to
29.7% Operating income of
$5.5 million compared to$2.7 million Net income of
$4.2 million , or$0.79 per diluted share, compared to$2.0 million and$0.37 Continued listing in Russell 2000 and 3000 Indexes.
"Our second quarter represents another new quarterly revenue record, thanks to a special barrier rental project and higher SlenderWall and Soundwall sales, and net income was more than double the prior-year quarter," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. "We continue to benefit from the tailwinds across the industry, including greater infrastructure spending across the federal, state and local levels and the upcoming replacement cycle for barrier products to meet the MASH-TL3 standards. We also continue to see increased demand for our utility vaults and Easi-Set structures and, aside from special barrier projects, our growing barrier rental fleet. Overall, we remain optimistic on the near and long-term outlook for our business and confident in our ability to deliver long-term value to our shareholders," concluded Smith.
Second Quarter 2025 Results
The Company reported 2025 second quarter revenues of
Gross profit increased to
Operating income for the quarter was
Product Sales
Total product sales for the second quarter of 2025 were
Service Revenue
Service revenue which is comprised of royalty income, barrier rental revenue, and shipping and installation totaled
Balance Sheet and Liquidity
As of June 30, 2025, Smith-Midland's cash totaled
Macro Environment and Outlook
Infrastructure initiatives across the United States continue to drive greater bidding activity and a subsequent increase in backlog for its portfolio of patented, proprietary, and custom products and several SlenderWall projects are scheduled to continue production in the second half of the year. Service revenue for the first half of 2025 included two special barrier rental projects that are not anticipated to recur in the second half of the year. The Company is increasing its inventory of rental barrier in 2025 and 2026 to meet the increasing demand for rental barrier in its market.
Inflationary pressures still remain, and the Company continues to manage its materials costs while attracting and retaining skilled labor. Backlog was approximately
About Smith-Midland
Smith-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庐 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庐, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit .
Forward-Looking Statements
This 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 new Administration and DOGE, 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.
Company Contact:
Dominic L. Hunter
540-439-3266
[email protected]
Investor Relations:
Steven Hooser or John Beisler
Three Part Advisors, LLC
214-872-2710
SOURCE: Smith-Midland
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