Smith-Midland Corp reports Q3 EPS 54c vs. 59c last year

Reports Q3 revenue $21.5M vs. $23.6M last year. “Our third quarter results reflect continued strength in our core business and progress in the initiatives to drive product sales, which increased 11 percent versus the prior year. The previous year’s results included special barrier rental projects, which typically carry higher margins compared to the core business,” said Ashley Smith, CEO. “The ongoing demand for new and upgraded highways will continue to drive spending at the federal and state level, along with data centers and other public infrastructure projects. Our barrier rental fleet continues to grow in preparation for increased MASH-TL3 safety standards and lower interest rates may spur new construction projects for our SlenderWall product. Overall, we believe the tailwinds in place over the near and long-term will lead to continued growth in our business and deliver long-term value to our shareholders.”