Smith-Midland
Makes precast infrastructure systems while also renting barriers and licensing proprietary products.
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Profile
Manufactures precast-concrete systems for transportation, building, utility, and agricultural uses, with sales supplemented by barrier rentals, licensing royalties, shipping, and installation. Its regional manufacturing footprint pairs local production with worldwide product licensing.
Precast-concrete systems serve construction, highway, utility, and farming markets. Key proprietary product families include J-J Hooks highway barriers; SlenderWall exterior panels; Sierra Wall and SoftSound noise barriers; Easi-Set and Easi-Span transportable buildings; and utility products.
Revenue comes from product sales together with barrier rentals, royalties, shipping, and installation. Manufacturing is regional, with facilities in Virginia, North Carolina, and South Carolina, while Easi-Set Worldwide licenses systems globally.
Customers include general contractors and federal, state, and local transportation authorities across the Mid-Atlantic, Northeast, Midwest, and Southeast. The business operates as one Precast Concrete segment.
Company facts
Categories
Key statistics
Year to date −33.0% · Average volume (30d) 16.2K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026Q2 FY26 | — | $0.26 | — | — | $23.4M | — | +1.66% |
| Aug 13, 2026Q2 FY26 | — | $0.26 | — | — | $23.4M | — | +1.66% |
| Jun 9, 2026Q1 FY26 | — | $0.25 | — | — | $21.6M | — | −8.67% |
| Apr 14, 2026Q1 FY26 | — | $0.40 | — | — | — | — | −1.09% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $22.7M | $26.2M | $21.5M | $23.1M | $21.6M | $23.4M | |
| Gross profit | $7.0M | $7.8M | $5.8M | $5.5M | $4.3M | $5.4M | |
| Operating income | $4.4M | $5.5M | $3.9M | $3.2M | $1.7M | $2.0M | |
| Net income | $3.3M | $4.2M | $2.9M | $2.1M | $1.3M | $1.4M | |
| Diluted EPS | $0.62 | $0.79 | $0.54 | $0.41 | $0.25 | $0.26 | |
| Gross margin | 30.7% | 29.7% | 26.8% | 23.9% | 19.9% | 23.2% | |
| Operating margin | 19.3% | 21.1% | 18.0% | 14.0% | 8.0% | 8.5% |
Fiscal years (4-quarter sums)FY21 $50.6M · FY22 $50.1M · FY23 $59.6M · FY24 $78.5M · FY25 $93.4M
Balance sheet, Jun 30, 2026Cash & short-term investments $10.7M · Total debt $4.2M · Total assets $86.7M · Shareholders' equity $57.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 5.31M · Float 4.57M · 86.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Thompson Davis & Co., Inc. | 1.84M | 34.71% | 13F | Apr 16, 2026 |
| Rodney I. Smith | 534.5K | 10.10% | 13G | Nov 14, 2025 |
| Needham Investment Management LLC | 225.0K | 4.24% | 13F | May 15, 2026 |
| Vanguard Capital Management LLC | 180.3K | 3.40% | 13F | May 15, 2026 |
| BlackRock, Inc. | 161.1K | 3.04% | 13F | May 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 24, 2025 | Richard Gerhardt | director | −666 | $33.26 |
Peers
- CRH
Concrete infrastructure systems across utility, drainage, and modular projects
- NWPX
Precast water, sewer, stormwater, and utility structures
- Lindsay
Concrete and movable roadway barriers for work zones and traffic control
- Arcosa
Concrete utility and traffic structures for infrastructure projects
