Smith-Midland Revenue Jumps 33% in Q2
Smith-Midland (NASDAQ:SMID), a manufacturer of precast concrete products known for its innovative proprietary barriers and wall systems, reported results on August 14, 2025. The big headline was record revenue and earnings: Sales rose 33%, setting a company high, while net income (GAAP) more than doubled to $4.2 million. GAAP results far surpassed prior-year levels, though no direct analyst estimates were available for comparison. The quarter stood out for a surge in rental and service revenue, especially from a one-time barrier project, while backlog fell to $54 million from $59 million in the same month a year earlier—a trend management flagged as needing close attention for the rest of fiscal 2025.
Smith-Midland is a leading name in precast concrete, producing products such as highway safety barriers, sound-absorbing wall panels, and innovative building systems. Its key offerings include the proprietary SlenderWall cladding system, the J-J Hooks safety barrier, and SoftSound noise walls. These products mostly serve construction, infrastructure, and public-sector projects, with a focus on product innovation for regulatory compliance and efficiency.
The company has recently focused on rolling out new patented products, streamlining operations across its three East Coast manufacturing sites, and expanding market reach through licensing initiatives. Key factors to watch include continued product development, supply chain execution, regulatory approvals for specialized products, and an ability to capture royalty streams from global licensing.
Source Fool.com
