Highest Annual Revenue and Net Income in Company History MIDLAND, VA / ACCESS Newswire / May 27, 2025 / Smith-Midland Corporation (NASDAQ
MID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced its fourth quarter and year-end results for the period ended December 31, 2024. Fourth Quarter 2024 Summary (compared to prior-year fourth quarter) Revenue increased 13 percent to $18.5 million Product sales increased 23 percent to $11.0 million Operating income of $1.9 million compared to $542,000 Net income of $1.4 million, or $0.26 per diluted share, compared to $230,000 and $0.04 Full Year 2024 Summary Revenue increased 32 percent to $78.5 million Gross margin increased by 760 basis points to 25.5 percent Net income of $7.7 million, or $1.45 per diluted share compared to $795,000 and $0.15 "2024 was another record year for Smith-Midland, including our highest annual revenue and net income and the past three quarters represent the highest revenue quarters in company history," said Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland.
