Smith-midland reports second quarter 2024 financial results

Quarterly revenue increased 32% to record $19.5 million midland, va / accesswire / august 14, 2024 / smith-midland corporation (nasdaq:smid) a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced its second quarter results for the period ended june 30, 2024. second quarter 2024 summary (compared to prior-year second quarter) revenue increased 34 percent to $19.6 million product sales increased 23 percent to $13.1 million service revenue increased 63 percent to $6.5 million operating income of $2.7 million, compared to loss of ($981,000) net income of $2.0 million, or $0.37 per diluted share compared to net loss of ($782,000) or ($0.15) per share awarded $7.5 million contract from georgia department of transportation added to russell 2000 and 3000 stock indexes "our second quarter performance included a record for quarterly revenue and our best net income since the first quarter of 2021," said ashley smith, chairman and chief executive officer of smith-midland.
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