Smith-midland reports third quarter 2024 financial results

Record quarterly revenue of $23.6 million, 51 percent increase from prior year midland, va / accesswire / november 14, 2024 / smith-midland corporation (nasdaq:smid) a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced its third quarter results for the period ended september 30, 2024. third quarter 2024 summary (compared to comparable prior-year quarter) revenue increased 51 percent to $23.6 million product sales of $10.8 versus $10.9 million service revenue increased 170 percent to $12.8 million operating income of $3.8 million, compared to $1.5 million net income of $3.2 million, or $0.59 per diluted share, compared to $1.3 million or $0.24 per diluted share awarded provisional patent and successfully crash tested j-j hook mash 16 low-profile barrier "our third quarter was a record-setter for both revenue and net income, driven by the tailwinds within our sector and multiple special barrier projects, occurring and completed in the quarter, which have a more favorable margin profile," said ashley smith, chairman and chief executive officer of smith-midland.
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