Smith-Midland Corporation

Smith-Midland Corp. engages in developing, manufacturing, marketing, leasing, licensing, selling, and installing of precast concrete products. The firm's products include SlenderWall Lightweight Construction Panels, Sierra Wall, J-J Hooks Highway Safety Barrier, Easi-Set Precast Buildings and Easi-Span Expandable Precast Buildings, Easi-Set Utility Vault, SoftSound Soundwall Panels, Beach Prisms Erosion Control Modules and Beach Prisms Erosion Control Modules. The company was founded by Rodney I. Smith and David G. Smith in 1960 and is headquartered in Midland, VA.

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Smith-Midland Corp. engages in developing, manufacturing, marketing, leasing, licensing, selling, and installing of precast concrete products. The firm's products include SlenderWall Lightweight Construction Panels, Sierra Wall, J-J Hooks Highway Safety Barrier, Easi-Set Precast Buildings and Easi-Span Expandable Precast Buildings, Easi-Set Utility Vault, SoftSound Soundwall Panels, Beach Prisms Erosion Control Modules and Beach Prisms Erosion Control Modules. SlenderWall is lightweight, energy efficient concrete and steel exterior wall panel for use in building construction. J-J Hooks Highway Safety Barrier is a positive-connected highway safety barrier. SoftSound a proprietary sound absorptive finish used on the face of sound barriers to absorb traffic noise. Sierra Wall is a sound barrier primarily for roadside use. Easi-Set and Easi-Span are transportable concrete buildings. The company founded by Rodney I. Smith and David G. Smith in 1960 and is headquartered in Midland, VA.

MIDLAND, VA / ACCESSWIRE / June 28, 2022 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems announced that out of fifty-one nominated Chief Financial Officers throughout Virginia, Smith-Midland's Chief Financial Officer (CFO), AJ Krick, was named as a finalist in the 17th Annual Virginia Business CFO Awards. With four categories ranging from small non-profit/government to large company, there was a very diverse and talented group for the publication to review and choose from.

Smith-Midland's AJ Krick Finalist in the Virginia CFO of the Year Awards

MIDLAND, VA / ACCESSWIRE / May 18, 2022 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced, Reliance Precast Limited of Papakura, Auckland, New Zealand,as a new licensed producer of its SlenderWall architectural cladding. "We were looking to find an innovative way to provide a new lightweight panel system to the New Zealand multi-level / commercial building market, and were drawn to SlenderWall.

Smith-Midland Names Reliance Precast Limited as New SlenderWall Licensee in New Zealand

Reports 13 Percent Increase in Backlog to $32.7 Million MIDLAND, VA / ACCESSWIRE / May 12, 2022 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced its results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights Compared to First Quarter 2021 Revenue of $10.4 million, a decrease of 31% SlenderWall sales of $1 million Operating expenses decreased 5 percent Backlog increased 13 percent to $32.7 million Received updated J-J Hooks approval from Florida DOT Continued strong balance sheet with sufficient liquidity Additional Highlights Subsequent to the Quarter Awarded $2 million soundwall contract for the Hampton Roads Bridge Tunnel Project Increased barrier buy-back agreement to 325,000 linear feet to more than double the rental fleet Awarded $6.6 million contract, marking the largest project for the North Carolina plant "The overall results for the first quarter in 2022 are less favorable compared to the record first quarter results in 2021, primarily due to non-recurring special projects that took place in the first quarter of 2021 and from a reduced production volume as we experienced operational disruptions related to required approvals and timing of large projects in the first quarter of 2022.

Smith-Midland Reports First Quarter 2022 Financial Results

Largest Contract in History of Reidsville, NC Plant MIDLAND, VA / ACCESSWIRE / May 10, 2022 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, announced today that its Reidsville, North Carolina Plant has signed the largest contract in its history to produce precast concrete soundwall and J-J Hooks concrete barrier for a North Carolina Department of Transportation (NCDOT) project. The $6.6 million contract for a section of the new Interstate 74 Northern Beltway around Winston-Salem in Forsyth County, NC, will require over 330,000 square feet of soundwall with an ashlar stone finish on both sides of the wall along with more than 850 precast soundwall columns, as well as more than 31,000 linear feet of J-J Hooks concrete barrier.

Smith-Midland Signs $6.6 Million Contract with North Carolina Department of Transportation

MIDLAND, VA / ACCESSWIRE / May 5, 2022 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced it intends to release the results of its operations for the first quarter 2022 before the market opens on Thursday, May 12, 2022. The release will be available on the Company's website under the "Investors" section.

Smith-Midland Announces First Quarter 2022 Earnings Results Release Date

Execution of Barrier Buy-Back Agreement more than Double's Fleet MIDLAND, VA / ACCESSWIRE / May 4, 2022 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced it has finalized the terms of the barrier buy-back agreement from the largest barrier supply contract in the company's history. The company was able to negotiate an amendment to the agreement, acquiring an additional 115,000 linear feet of barrier, increasing the buy-back agreement to 325,000 linear feet.

Smith-Midland Announces Strategic Expansion of Barrier Rental Fleet

MIDLAND, VA / ACCESSWIRE / April 28, 2022 / Smith-Midland Corporation (NASDAQ:SMID) Smith-Midland Corporation (NASDAQ:SMID), provider of innovative, high-quality proprietary and patented precast concrete products and systems, has been awarded a new soundwall contract that expands Smith-Midland's participation on the historic Hampton Roads Bridge Tunnel Project (HRBT) in Hampton, VA. The $2 million contract will require nearly 1,000 precast soundwall panels of various sizes and will have a drystack stone appearance with custom starfish and frigate medallions symbolizing the ocean and military presence in the region.

Smith-Midland Awarded Soundwall Contract for Hampton Roads Project

Record-Setting EPS and Royalty Revenue for Fiscal 2021 MIDLAND, VA / ACCESSWIRE / March 31, 2022 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced fourth quarter and year end results for 2021. Fourth Quarter 2021 Highlights Acquired 30-acre industrial lot adjacent to Virginia manufacturing facility Awarded $4.2 million barrier rental contract Current backlog increased to $29.0 million from $19.6 million in the prior year Full Year 2021 Highlights Record high earnings per share of $1.45, compared to $0.51 in 2020, an increase of 184 percent Record high royalty revenue of $2.2 million, an increase of 31% over 2020 Earned approval by the California Department of Transportation for use of J-J Hooks barrier system Included in the Russell Microcap Index Achieved STEP Platinum Status in ABC Safety Management Program delivering the safest year in Company history "We are pleased with our strong year-over-year results which yielded significantly higher bottom-line performance.

Smith-Midland Reports Fourth Quarter and Year End 2021 Financial Results

SMID is a precast concrete manufacturer that is positioned to capitalize on both macro-economic and governmental tailwinds that are afoot in their two main business lines, SlenderWall and J-J Hooks.

Smith-Midland: The Triple Play - Macro Tailwinds, Governmental Mandates, And A Fundamental Business Shift

MIDLAND, VA / ACCESSWIRE / March 24, 2022 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company") today announced it intends to release the results of its operations for the fourth quarter and fiscal year 2021 before the market opens on Thursday, March 31, 2022. About Smith-Midland Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries.

Smith-Midland Announces Release Date for Fourth Quarter and Fiscal Year 2021 Earnings Results

MIDLAND, VA / ACCESSWIRE / March 14, 2022 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that The Florida Department of Transportation (FDOT) awarded Easi-Set Worldwide an updated approval for the MASH* tested J-J Hooks "Type K" 12.5-foot portable concrete barrier, which now allows the previously approved anchored barrier, staked or bolted, to also be used in a freestanding application. The multi-functional "Type K" J-J Hooks barrier, which is specific to FDOT, allows Florida contractors to use the same product for all applications, eliminating the need for specialized inventory.

J-J Hooks Barriers Awarded Updated Approval by the Florida DOT

Rodney I. Smith to Retire from Board of Directors MIDLAND, VA / ACCESSWIRE / January 20, 2022 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems announces the retirement of Rodney I. Smith and the appointment of Ashley B.

Smith-Midland Board of Directors Appoints Ashley B. Smith to Serve as Chairman

MIDLAND, VA / ACCESSWIRE / December 9, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced that they have further executed on their strategic growth initiatives with the approval of the J-J Hooks 12' freestanding and restrained MASH TL3 compliant highway barrier system by the Hawaii Department of Transportation (HDOT). "We are pleased to announce that we have gained approval in an exciting new market for our patented J-J Hooks interlocking highway barrier system.

Smith-Midland and J-J Hooks barriers say 'Aloha' to Hawaii DOT

MIDLAND, VA / ACCESSWIRE / November 19, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced the board approved and finalized land purchase agreements totaling 33.15 acres of land adjoined to the Company's Virginia manufacturing plant located in Fauquier County. "Smith-Midland is growing, and we seized the opportunity to purchase land adjoined to our flagship manufacturing facility in Virginia which produces many of our innovative products including our patented JJ-Hooks highway barriers, and our proprietary SlenderWall cladding system.

Smith-Midland Signs Land Purchase Agreement to Acquire 33.15 acres for $3.6 million

EPS increased 137 percent MIDLAND, VA / ACCESSWIRE / November 9, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced third quarter results for 2021. Third Quarter 2021 Highlights Earnings per share improved 137 percent Royalty income increased 40 percent Barrier rental fleet grew by 49 percent SlenderWall sales exceeded $1 million Total product sales increased 11 percent "We continue to make great strides against our long-term growth initiatives.

Smith-Midland Reports Third Quarter 2021 Financial Results

MIDLAND, VA / ACCESSWIRE / October 28, 2021 / Smith-Midland Corporation (NASDAQ:SMID) - was awarded a $4.15M contract expansion to provide rental barriers for the I-64 Hampton Roads Bridge-Tunnel (HRBT) expansion project with Hampton Roads Connector Partners (HRCP). The original contract, announced in March 2021, written for $2.25M, has grown by $4.15M to a total of $6.4M, due to the scope of the project.

Smith-Midland Receives Additional $4.15M Order for Hampton Roads Contract

MIDLAND, VA / ACCESSWIRE / October 27, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced it intends to release the results of its operations for the third quarter 2021 before the market opens on Tuesday, November 9, 2021. About Smith-Midland Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utilities industries.

Smith-Midland Announces Third Quarter 2021 Earnings Results Release Date

SMID sells precast concrete products for the infrastructure industry. The company has grown its bottom line at more than 100% YTD, yet has an attractive EV/EBIT of below 9x.

Smith-Midland: An Undiscovered Infrastructure Winner

Presentation on October 13, 2021, at 3:30 PT / 6:30 ET MIDLAND, VA / ACCESSWIRE / October 7, 2021 / Smith-Midland (NASDAQ:SMID), provider of innovative, high-quality proprietary and patented precast concrete products and systems, announced today that it will be presenting at the 14th annual Main Event on October 13, 2021, at time 3:30 PM PT/6:30 PM ET at the Luxe Sunset Bel-Air in Los Angeles. Smith-Midland's Chief Executive Officer and President, Ashley Smith and Chief Financial Officer, AJ Krick, will be giving the presentation.

Smith-Midland to Present at LD Micro Main Event

MIDLAND, VA / ACCESSWIRE / September 22, 2021 / Smith-Midland Corporation (NASDAQ:SMID) Smith-Midland President and CEO, Ashley Smith, has been named to the Virginia 500: The 2021 Power List. Inclusion in the list is a recognition of an individual's strength, influence and, prominence and reputation within their field.

Smith-Midland President and CEO, Ashley Smith, Named to the 2021 Virginia 500 Power List

MIDLAND, VA / ACCESSWIRE / September 14, 2021 / Smith-Midland Corporation (NASDAQ:SMID). Associated Builders and Contractors, Inc. (ABC) presented Smith-Midland Corporation with the prestigious Platinum Level of Achievement Safety Training and Evaluation Process (STEP) recognition for 2021.

Smith-Midland achieves STEP Platinum Status in ABC Safety Management Program

Foley Materials to manufacture J-J Hooks® Barrier for Georgia and Alabama MIDLAND, VA / ACCESSWIRE / August 31, 2021 / Smith-Midland Corporation's (NASDAQ:SMID) licensing subsidiary Easi-Set Worldwide today announced a signed agreement with one of the Southeast's premier transportation materials companies, Foley Materials Company. Foley will now manufacture the patented J-J Hooks highway barrier system to serve their markets in the Southeastern United States.

Smith-Midland Adds Another Licensee for J-J Hooks(R) Barrier

Royalty Income Strongest Quarter in Company History MIDLAND, VA / ACCESSWIRE / August 10, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced second quarter results for 2021. Second Quarter 2021 Highlights 68 percent increase in royalty income, the strongest quarter in Company history 30 percent increase in core fleet barrier rental revenues Rental barrier fleet expansion to 300,000 linear fleet by year end 2021 Received Platinum Safety Award from Associated Builders and Contractors (ABC) "I am pleased to announce another great quarter and first half of 2021 as we execute against our long-term growth plans.

Smith-Midland Reports Second Quarter 2021 Financial Results

MIDLAND, VA / ACCESSWIRE / August 3, 2021 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company") today announced it intends to release the results of its operations for the second quarter 2021 before the market opens on Tuesday, August 10, 2021. About Smith-Midland Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utilities industries.

Smith-Midland Announces Second Quarter 2021 Earnings Results Release Date

MIDLAND, VA / ACCESSWIRE / June 28, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced that the Company has been added to the Russell Microcap® Index effective after the market close, June 25th. "Smith-Midland's inclusion in the Russell Microcap® Index is another milestone that reflects the Company's exceptional performance.

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