Smith-Midland Corp reports Q2 EPS 79c vs. 37c last year

Reports Q2 revenue $26.2M vs. $19.6M last year. “Our second quarter represents another new quarterly revenue record, thanks to a special barrier rental project and higher SlenderWall and Soundwall sales, and net income was more than double the prior-year quarter,” said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. “We continue to benefit from the tailwinds across the industry, including greater infrastructure spending across the federal, state and local levels and the upcoming replacement cycle for barrier products to meet the MASH-TL3 standards. We also continue to see increased demand for our utility vaults and Easi-Set structures and, aside from special barrier projects, our growing barrier rental fleet. Overall, we remain optimistic on the near and long-term outlook for our business and confident in our ability to deliver long-term value to our shareholders,” concluded Smith.