Zacks Initiates Coverage of Smith-Midland With Neutral Recommendation [Yahoo! Finance]
Smith-Midland Corporation (SMID)
NASDAQ:AMEX Investor Relations:
smithmidland.com/investor-relations
Company Research
Source: Yahoo! Finance
The company, a leader in precast concrete products, has demonstrated solid revenue growth, improved operational efficiency and strategic market expansion. Yet, it faces significant risks that warrant a balanced outlook. Smith-Midland achieved record revenues of $59.6 million in 2023, a 19% year-over-year rise. This growth was driven by increased sales of soundwalls and barrier rentals, supported by strategic manufacturing investments and a global licensee network. The company also turned a prior-year operating loss into a $542,000 operating income in fourth-quarter 2023, reflecting improved operational efficiency. The company maintains a strong financial position with $9.2 million in cash and $5 million invested in expanding production capacity. This financial stability is crucial for supporting growth, especially in high-demand areas like data centers. The Infrastructure and Jobs Act is expected to provide a favorable legislative environment, boosting Smith-Midland's results in
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SMID
News
- Smith-Midland Secures $7.5 Million Noise Wall Contract for Georgia Department of Transportation Project [Yahoo! Finance]Yahoo! Finance
- Smith-Midland Secures $7.5 Million Noise Wall Contract for Georgia Department of Transportation ProjectAccesswire
- Smith-Midland Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Smith-Midland Reports First Quarter 2024 Financial ResultsAccesswire
- Smith-Midland: Strong 2023 Financial Results And Momentum, But Still Expensive [Seeking Alpha]Seeking Alpha
SMID
Sec Filings
- 6/26/24 - Form DEFA14A
- 6/24/24 - Form DEF
- 6/18/24 - Form 4
- SMID's page on the SEC website