Smith-Midland Reports Fourth Quarter and Year End 2025 Financial Results

About this update from Smith-midland Corporation

Company Sets Records With 19 Percent Increase in Annual Revenue and 63 Percent Increase in Net Income MIDLAND, 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...

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