Smith-Midland Corporation filings document a Nasdaq-listed precast concrete products company with common stock registered under the SMID symbol. Its 8-K reports furnish quarterly and annual operating results, preliminary financial information, and Regulation FD presentation materials covering operations and performance.
The filing record also includes shareholder-meeting disclosures on director elections, auditor ratification and advisory executive compensation votes. Its Form 12b-25 notice addresses the timing of an annual report and related financial reporting close, audit and internal control over financial reporting procedures.
Smith Midland Corp. is the issuer in an amended Schedule 13D in which Thompson Davis & Co., Inc. reported beneficial ownership of 1,897,280 common shares, or 35.4% of the class. It reported sole dispositive power over 1,897,280 shares, zero sole voting power, zero shared voting power, and zero shared dispositive power. Its source-of-funds entry states “00-RIA on behalf of clients.”
SMITH MIDLAND CORP (SMID) filed an amended insider report to correct a Form 4 that was mistakenly re-filed on September 2, 2026 as a duplicate of a report from 2018. The corrected filing relates to Chief Executive Officer and director Ashley B. Smith’s December 7, 2018 open-market purchase of 1,275 shares of common stock at $7.69 per share, after which he directly held 173,042 shares. The amendment states that the erroneous September 2, 2026 filing did not report any transaction on or around that date and did not reflect any current trading activity by Ashley B. Smith.
SMITH MIDLAND CORP (SMID) reported that Chief Executive Officer and director Ashley B. Smith purchased 2,000 shares of common stock on September 1, 2026, in an open‑market transaction at $26.87 per share. Following this purchase, Smith held 180,539 common shares directly. The amendment corrects a prior report that had characterized the transaction as an equity grant and had listed Smith’s role as “Other” rather than director and officer. No transactions in this filing are reported as made under a Rule 10b5‑1 trading plan.
SMITH MIDLAND CORP (SMID) director Matthew I. Smith reported an amended insider transaction to correct the nature of a prior filing. The amendment clarifies that on September 2, 2026 he purchased 2,000 shares of common stock in an open-market transaction at $27.15 per share, increasing his directly held stake to 12,205 shares. The company states that no other aspects of the original report are being changed and that the trades were not reported as being made under a Rule 10b5-1 trading plan.
SMITH MIDLAND CORP (SMID) director Matthew I. Smith received a grant of 2,000 shares of common stock on September 2, 2026, classified as a grant, award, or other acquisition. The award was valued at $27.15 per share, bringing his directly held position to 12,205 shares of common stock.
No Rule 10b5-1 trading plan is reported for this transaction.
SMITH MIDLAND CORP (SMID) reports that Chief Executive Officer Ashley B. Smith received a grant of 2,000 shares of its Common Security, reported at $26.87 per share, as an acquisition award. Following this grant, Smith holds 180,539 shares directly. No Rule 10b5-1 trading plan is reported.
SMITH MIDLAND CORP (SMID) director and Chief Executive Officer Ashley B. Smith purchased Common Stock in the company. On December 7, 2018, Smith bought 1,275 shares at $7.69 per share in an open-market or private transaction, increasing direct holdings to 173,042 shares. No Rule 10b5-1 trading plan is reported for this transaction.
Smith-Midland Corporation reported lower results for the three and six months ended June 30, 2026, primarily due to the absence of large special barrier projects that boosted 2025. Total revenue fell to $23.4 million in the quarter from $26.2 million, and to $44.9 million for the first half from $48.9 million. Net income declined to $1.4 million for the quarter and $2.7 million year-to-date, versus $4.2 million and $7.5 million in the prior-year periods, with EPS at $0.26 and $0.51.
Profitability was pressured as cost of sales (excluding royalties) rose to 80% of revenue in Q2 and 82% year-to-date, from 74% and 73% a year earlier, reflecting loss of high-margin special barrier projects. Barrier rentals and royalty income dropped sharply, partly offset by strong growth in barrier sales, utility sales, and shipping and installation revenue. Despite this, the company remained profitable and generated $2.6 million of operating cash flow, ending the period with $10.7 million in cash and no borrowings on a $5.0 million credit line.
Sales backlog was approximately $57.4 million as of August 1, 2026, up from about $54 million a year earlier. Management continues to invest in capacity, with $3.6 million of capital expenditures in the first half and plans for up to $9.0 million in 2026. However, there are ongoing material weaknesses in internal control over financial reporting related to entity-level controls, journal entry review, and IT general controls; as a result, disclosure controls and procedures were not effective, even though management believes the financial statements are fairly presented.
Smith-Midland Corporation reported second quarter 2026 revenue of $23.4 million, down from $26.2 million a year earlier, as results faced a difficult comparison to a large prior-year barrier project. Gross profit was $5.4 million versus $7.8 million, with gross margin declining to 23.2% from 29.7%.
Operating income was $2.0 million compared to $5.5 million, and net income was $1.4 million, or $0.26 per diluted share, versus $4.2 million and $0.79 per diluted share. Product sales were $11.2 million and service revenue $12.2 million. Utility product sales rose to $2.0 million, a 126 percent increase, while barrier rental revenue decreased as a major 2025 project did not recur.
Backlog reached $57.4 million as of August 1, 2026, up from $54 million a year earlier, supported by new awards including a $10 million I-81 contract and additional data center work. Cash was $10.7 million and debt $4.1 million as of June 30, 2026. The company highlights infrastructure demand and plans capacity investments, while noting ongoing inflationary pressures and previously disclosed material weaknesses in internal controls.