Smith-Midland Corp (OQ:SMID)

Sector:  Basic Materials Industry:  Construction Materials
 
See Regulatory Filings on SEC
Company Contact
Address: ROUTE 28
P O Box 300
MIDLAND VA 22728
Tel: 1-540-4393266
Website: https://smithmidland.com
IR: See website
<
Key People
Ashley B. Smith
Chairman of the Board, President, Chief Executive Officer
Stephanie Poe
Chief Financial Officer
 
Business Overview
Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs a broad array of precast concrete products and systems for use primarily in the construction, highway, utilities and farming industries through its six wholly owned subsidiaries. The Company's products include SlenderWall Lightweight Construction Panels, Sierra Wall, J-J Hooks Highway Safety Barrie, Easi-Set Precast Buildings and Easi-Span Expandable Precast Buildings, Easi-Set Utility Vault, SoftSound Soundwall Panels, Beach Prisms Erosion Control Modules and H2Out Secondary Drainage System. Its precast, licensing, 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. It operates three manufacturing facilities, which are located in Midland, Virginia, Reidsville, North Carolina and Hopkins (Columbia), South Carolina.
Financial Overview
For the nine months ended 30 September 2023, Smith-Midland Corp revenues increased 21% to $43.2M. Net income decreased 29% to $564K. Revenues reflect Product Sales increase of 51% to $29.8M. Net income was offset by General and administrative expenses increase of 16% to $4.4M (expense), Selling Expenses increase of 13% to $2.5M (expense), Other income decrease of 65% to $73K (income).
Employees: 178 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $231.15M as of Sep 30, 2023
Annual revenue (TTM): $57.68M as of Sep 30, 2023
EBITDA (TTM): $3.05M as of Sep 30, 2023
Net annual income (TTM): $0.57M as of Sep 30, 2023
Free cash flow (TTM): -$2.68M as of Sep 30, 2023
Net Debt Last Fiscal Year: $0.04M as of Sep 30, 2023
Shares outstanding: 5,257,413 as of Nov 1, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.