Smith-midland reports first quarter 2024 financial results

Highest quarterly revenue of $16.8 million; backlog of $64.6 million midland, va / accesswire / june 11, 2024 / smith-midland corporation (nasdaq:smid) a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced its first quarter results for the period ended march 31, 2024. first quarter 2024 summary (compared to prior-year quarter) revenue increased 30 percent to $16.8 million product sales increased 30 percent to $10.8 million service revenue increased 31 percent to $6.0 million operating income of $1.5 million, compared to $54,000 net income of $1.1 million, or $0.22 and $0.21 per basic and diluted share, respectively, compared to $80,000 or $0.02 per basic and diluted share started construction to double the size of its north carolina plant "we are off to a strong start in 2024, posting a 30 percent increase in revenue from the prior-year quarter and our highest quarterly revenue," said ashley smith, chairman and chief executive officer of smith-midland.
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