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Stock impact report

Smith-Midland Reports Third Quarter 2024 Financial Results [Yahoo! Finance]

Smith-Midland Corporation (SMID) 
NASDAQ:AMEX Investor Relations: smithmidland.com/investor-relations
Company Research Source: Yahoo! Finance
MIDLAND, VA / ACCESSWIRE / November 14, 2024 / Smith-Midland Corporation (NASDAQ:SMID) a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced its third quarter results for the period ended September 30, 2024. Third Quarter 2024 Summary (compared to comparable prior-year quarter) Revenue increased 51 percent to $23.6 million Product sales of $10.8 versus $10.9 million Service revenue increased 170 percent to $12.8 million Operating income of $3.8 million, compared to $1.5 million Net income of $3.2 million, or $0.59 per diluted share, compared to $1.3 million or $0.24 per diluted share Awarded provisional patent and successfully crash tested J-J Hook MASH 16 Low-Profile Barrier "Our third quarter was a record-setter for both revenue and net income, driven by the tailwinds within our sector and multiple special barrier projects, occurring and completed in the quarter, which have a more favorable margin profi Show less Read more
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