Smith-Midland Announces Preliminary Fourth Quarter and Full Year 2025 Results
Rhea-AI Summary
Smith-Midland (NASDAQ:SMID) provided preliminary, unaudited results for Q4 and full-year 2025. The company expects Q4 revenue of $22–24 million versus $18.5 million a year earlier, and anticipates full-year 2025 revenue of $92–94 million (about an 18% increase at the midpoint).
The company also expects higher Q4 net income and record annual net income for 2025, subject to final adjustments. Final audited results will be filed in the Form 10-K by March 31, 2026.
Positive
- Q4 revenue expected to increase ~25% year-over-year
- Full-year revenue forecasted at $92–94M (≈18% increase at midpoint)
- Company anticipates record annual net income for 2025
- Strategic rental barrier fleet expansion and higher product sales driving revenue
Negative
- Results are preliminary and unaudited, subject to final adjustments
- Q4 revenue range ($22–24M) shows forecast uncertainty impacting near-term visibility
- Final figures pending Form 10-K filing by March 31, 2026, creating short-term reporting risk
News Market Reaction – SMID
On the day this news was published, SMID declined 1.03%, reflecting a mild negative market reaction. Argus tracked a peak move of +12.3% during that session. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $2M from the company's valuation, bringing the market cap to $169.75M at that time. Trading volume was above average at 1.8x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peer momentum data are mixed: CAPT was down 4.16% while CAPS was up 3.16%, with no same-day news, supporting a stock-specific move in SMID.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 13 | Q3 2025 earnings | Positive | -0.7% | Reported Q3 2025 results with solid profitability but lower revenue year-over-year. |
| Aug 14 | Q2 2025 earnings | Positive | +0.8% | Exceptional Q2 2025 with 33% revenue growth and more than doubled net income. |
| Jul 10 | Q1 2025 earnings | Positive | +7.5% | Robust Q1 2025 with 35% revenue growth and nearly tripled net income. |
| May 27 | FY 2024 results | Positive | +6.0% | Reported record Q4 and full-year 2024 revenue and net income growth. |
| Nov 14 | Q3 2024 earnings | Positive | +18.9% | Record Q3 2024 results with 51% revenue growth and higher margins. |
Earnings releases have generally led to positive price reactions, with only one mild decline despite mostly strong results.
Recent earnings for Smith-Midland have highlighted strong growth and improving profitability. Q3 2024 delivered record results with revenue of $23.6M, followed by record Q4 and full-year 2024 revenue of $78.5M. Through 2025, Q1–Q3 updates showed double-digit revenue growth, expanding margins, and rising net income, though Q3 2025 revenue dipped versus a tough comparison. Today’s preliminary 2025 figures extend this narrative of record annual revenue and net income.
Historical Comparison
In the past year, SMID’s five earnings releases moved an average of 6.51%. Today’s 14.13% move on preliminary 2025 results is more than double that typical earnings reaction.
Earnings have progressed from record Q3 and FY 2024 results through strong Q1–Q3 2025 growth, and now to preliminary 2025 figures pointing to another record year for revenue and net income.
Market Pulse Summary
This announcement outlines preliminary fourth quarter 2025 revenue of $22–24M and full-year 2025 revenue of $92–94M, implying roughly 25% quarterly and 18% annual growth with record net income. It continues a multi-year trend of expanding revenue and profitability supported by infrastructure spending. Investors may watch the final Form 10-K by March 31, 2026 for audited figures, margin details, backlog updates, and any commentary on sustainability of demand.
Key Terms
form 10-k regulatory
AI-generated analysis. Not financial advice.
Fourth Quarter Revenue Expected to Increase
MIDLAND, VA / ACCESS Newswire / March 23, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced preliminary, unaudited results for its fourth quarter and full year 2025 ended December 31, 2025.
For the fourth quarter of 2025, the Company expects revenues of approximately
"2025 has been another banner year for Smith-Midland, as we expect to report new record top and bottom-line results after setting new highs last year," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland. "Our results reflect continued demand supported by federal and state infrastructure spending as well as disciplined execution of our growth strategy, including strategic expansion of our rental barrier fleet and product sales initiatives, to further strengthen our market position."
The information contained in this press release is preliminary. The Company intends to file its final results for the fourth quarter and full year 2025 in its Form 10-K with the Securities and Exchange Commission no later than March 31, 2026.
About Smith-Midland Corporation
Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utility industries.
Smith-Midland Corporation has three manufacturing facilities in; Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.
Forward-Looking Statements
This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.
Additionally, the financial measures presented herein are a preliminary estimate, remain subject to our internal controls and procedures, and are subject to risks and uncertainties. Any variation between the Company's actual financial results and the preliminary ranges set forth herein may be material.
Investor Relations:
Steven Hooser or John Beisler
Three Part Advisors, LLC
(214) 872-2710
SOURCE: Smith-Midland
View the original press release on ACCESS Newswire
FAQ
What Q4 2025 revenue did Smith-Midland (SMID) preliminarily report on March 23, 2026?
How much revenue does Smith-Midland (SMID) expect for full-year 2025 and what is the growth rate?
Did Smith-Midland (SMID) report net income results for 2025 in the preliminary release?
Why is Smith-Midland (SMID) confident about its 2025 performance according to the March 23, 2026 release?
When will Smith-Midland (SMID) file final audited results for Q4 and full-year 2025?
