Smith-midland reports fourth quarter and year end 2022 financial results

Fourth quarter revenue of $14.5 million record backlog of $52.4 million midland, va / accesswire / april 17, 2023 / smith-midland corporation (nasdaq:smid) a provider of innovative, high-quality proprietary and patented precast concrete products and systems announces their fourth quarter and year-end results for the period ended december 31, 2022. fourth quarter 2022 summary revenue increased 45 percent to $14.5 million from fourth quarter of the prior year signed record $8.6 million contract for ncdot project completed successful safety test for low-profile j-j hooks system barriers received patent for proprietary, building panel fire blocking system full year 2022 summary revenue of $50.1 million versus $50.6 million in 2021 net income of $800,000, or $0.15 per diluted share expanded rental barrier fleet from 250,000 to 550,000 linear feet awarded updated approval for j-j hooks barrier by the florida dot "we closed 2022 on a very strong note, with full year revenue nearly matching 2021 full year revenue, which included significant revenue from multiple high-profile, short-term barrier rental projects at the beginning of the prior year," said ashley smith, chairman and chief executive officer of smith-midland.
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