Smith-Midland Producing $1.9M in Wall Systems for Virginia Beach Project
Rhea-AI Summary
Smith-Midland (NASDAQ:SMID) was awarded and has begun production on a $1.9 million contract to supply SoftSound® absorptive noise wall panels, precast retaining wall systems and pre-stressed posts for the Elbow Road improvement project in Virginia Beach, VA.
Production is underway at Smith-Midland's Midland, Virginia facility, with deliveries aligned to Archer Western Contractors' phased construction schedule; the project runs through 2027 and aims to reduce traffic noise while widening Elbow Road and adding bike paths.
Positive
- Awarded a contract to supply SoundWall panels and precast components
- Production started at Midland, Virginia facility to support phased deliveries
- Project schedule extends through 2027, adding to transportation backlog and revenue visibility
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
Sector peers show mixed moves, with at least one peer (RETO) in downside momentum and others modestly up or down, suggesting today’s action in SMID is more company-specific to this new $1.9M Virginia Beach project.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| 2026-01-22 | Barrier contract win | Positive | +0.2% | Award of <b>$1.84M</b> Georgia DOT J-J Hooks precast barrier contract. |
| 2025-12-16 | Project award | Positive | +4.7% | More than <b>$1M</b> utility vaults and manholes for Virginia data center. |
| 2025-11-13 | Earnings report | Neutral | +0.8% | Q3 2025 results with <b>$21.5M</b> revenue and backlog near <b>$54.8M</b>. |
| 2025-11-12 | Earnings date notice | Neutral | +0.0% | Announcement of timing for Q3 2025 release and conference presentation. |
| 2025-10-09 | SlenderWall contracts | Positive | -2.4% | Two SlenderWall contracts in VA and NY with value over <b>$2M</b>. |
Recent contract and project awards have generally seen modest positive or stable price reactions, with only one notable divergence on otherwise positive project news.
Over the past several months, Smith-Midland has repeatedly highlighted growth in precast infrastructure work. Recent wins include a $1.84M Georgia DOT barrier contract and multiple SlenderWall projects totaling over $2M, alongside utility vaults worth more than $1M. Q3 2025 results showed revenue of $21.5M and backlog around $54.8M. The new $1.9M Elbow Road noise wall and retaining wall project fits this pattern of transportation-focused awards that support backlog and core precast operations.
Market Pulse Summary
This announcement highlights a new $1.9M Elbow Road infrastructure contract featuring specialized sound-absorptive wall systems and retaining walls, running through 2027. It adds to prior transportation and utility awards and contributes to core precast backlog and revenue. In context of earlier multi-million-dollar project wins and disclosed backlog levels, investors may watch how consistently such contracts convert into margins, cash generation, and longer-term demand in transportation infrastructure.
AI-generated analysis. Not financial advice.
MIDLAND, VA / ACCESS Newswire / February 3, 2026 / Smith-Midland Corporation (NASDAQ:SMID), a leading producer of innovative precast concrete products for infrastructure, transportation, and building construction, was awarded and has begun production on a
The Elbow Road improvements are designed to enhance traffic flow, roadway safety, and long-term corridor performance while reducing traffic noise impacts for nearby neighborhoods. Smith-Midland will be working with Archer Western Contractors on this project for the City of Virginia Beach. The project is slated to go through 2027.
A defining feature of the custom SoundWall is its highly specialized design, combining a distinctive aesthetic with a complex manufacturing scope. The panels incorporate a dual-texture finish, sand along the bottom and tree-branch along the top, requiring precise formwork and quality control to deliver consistent, high-quality results. The project, which widens Elbow road and includes bike paths and sound barrier, underscores Smith-Midland's role as a trusted infrastructure partner across Virginia and the Mid-Atlantic, providing proven precast solutions that support community needs while driving long-term value.
"This project reflects the type of infrastructure investment that supports both economic growth and community well-being," said Ashley Smith, President and Chief Executive Officer of Smith-Midland Corporation. "Our team is proud to contribute to improvements that enhance daily travel while also delivering architectural finishes that complement the surrounding environment. It's a strong example of how our specialized precast capabilities translate into long-term value for owners, contractors, and the communities they serve."
Smith-Midland's SoundWall system provides durable, low-maintenance noise mitigation with extensive architectural flexibility, allowing transportation agencies to balance performance, aesthetics, and lifecycle cost. The precast sound wall system will provide reduced highway noise in adjoining neighborhoods, while enabling accelerated installation and reduced on-site disruption.
Production is underway at Smith-Midland's Midland, Virginia facility, with deliveries scheduled to align with Archer Western Contractors' phased construction activities. The project adds to Smith-Midland's growing portfolio of transportation infrastructure work and supports continued backlog and revenue generation in the company's core precast operations.
About Smith-Midland Corporation
Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products 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, 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.
Media Inquiries:
Sarah Crandall
scrandall@midlandadvertising.com
(540) 439-8056
Sales Inquiries:
info@smithmidland.com
(540) 439-3266
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 contract did Smith-Midland (SMID) win for the Elbow Road project on February 3, 2026?
How will the Smith-Midland (SMID) SoundWall installation affect Virginia Beach residents?
When will Smith-Midland (SMID) deliver materials for the Elbow Road improvement project?
What are the design features of the SoundWall panels Smith-Midland (SMID) will provide?
How does the $1.9M Elbow Road award impact Smith-Midland's business outlook for 2026–2027?
