Smith-Midland Producing $2M in SlenderWall for Newport News Shipyard Project
- MIDLAND, VA / ACCESS Newswire / May 1, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, will begin manufacturing SlenderWall precast concrete panels for the Refueling and Complex Overhaul (RCOH) building for Naval Sea Systems Command (NAVSEA) in Newport News, VA. "We look forward to providing our SlenderWall panels to the Shipyard project in Newport News, Virginia.
- 05/01/2025
|
Dominic Hunter Joins Smith-Midland as Chief Financial Officer
- MIDLAND, VA / ACCESS Newswire / April 23, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, announces the appointment of Dominic L. Hunter as Chief Financial Officer, effective April 17, 2025.
- 04/23/2025
|
Smith-Midland Receives NASDAQ Deficiency Notice Regarding Delayed Form 10-K Filing
- MIDLAND, VA / ACCESS Newswire / April 23, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced it received an expected letter from Nasdaq on April 17, 2025 notifying the Company it is currently not in compliance with Listing Rule 5250(c)(1) due to its failure to timely file its Form 10-K for the year ended December 31, 2024. This notice does not have any immediate impact on the Company's shares or ability to trade on the Nasdaq exchange.
- 04/23/2025
|
Hotchkis & Wiley Launches SMID-Cap Diversified Value ETF (HWSM)
- LOS ANGELES--(BUSINESS WIRE)--Global investment manager Hotchkis & Wiley launches first ETF, the Hotchkis & Wiley SMID-Cap Diversified Value Fund (HWSM).
- 04/08/2025
|
Smith-Midland Awarded $5M SlenderWall Contract for FBI Project
- Smith-Midland to Produce SlenderWall for FBI Dorm Re-Cladding Project in Virginia MIDLAND, VA / ACCESS Newswire / April 3, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has been selected to produce more than $5M of SlenderWall and architectural precast concrete panels for existing dormitories at the Federal Bureau of Investigation (FBI) in Quantico, Virginia. Production of SlenderWall, Smith-Midland's high-performance, lightweight precast concrete cladding system, is set to begin in June 2025 at the company's Virginia plant, with installation slated for October 2025.
- 04/03/2025
|
Smith-Midland Announces Delayed Filing of 2024 Form 10-K and Announces Preliminary Full-Year Revenue
- MIDLAND, VA / ACCESS Newswire / March 31, 2025 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that it has filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the late filing of its Annual Report on Form 10-K ("Form 10-K") for the year ended December 31, 2024. The company expects to file its Form 10-K on or before April 15, 2025.
- 03/31/2025
|
Anaptys to Present at the Guggenheim SMID Cap Biotech Conference
- SAN DIEGO, Feb. 03, 2025 (GLOBE NEWSWIRE) -- AnaptysBio, Inc. (Nasdaq: ANAB), a clinical-stage biotechnology company focused on delivering innovative immunology therapeutics, today announced that Daniel Faga, president and chief executive officer of Anaptys, will present at the Guggenheim SMID Cap Biotech Conference on Wednesday, Feb. 5, 2025 at 1:00pm ET / 10:00am PT.
- 02/03/2025
|
Tenax Therapeutics to Participate in the Guggenheim SMID Cap Biotech Conference
- CHAPEL HILL, N.C., Jan. 31, 2025 (GLOBE NEWSWIRE) -- Tenax Therapeutics, Inc. (Nasdaq: TENX) (“Tenax Therapeutics” or the “Company”), a Phase 3, development-stage pharmaceutical company focused on identifying, developing and commercializing products that address cardiovascular and pulmonary diseases with high unmet medical need, today announced that the Company will participate in a fireside chat at the Guggenheim SMID Cap Biotech Conference, which is taking place from February 5-6, 2025, in New York, NY.
- 01/31/2025
|
Cidara Therapeutics to Participate in the Guggenheim Securities SMID Cap Biotech Conference
- SAN DIEGO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Cidara Therapeutics, Inc. (Nasdaq: CDTX), a biotechnology company using its proprietary Cloudbreak® platform to develop drug-Fc conjugate (DFC) immunotherapies designed to save lives and improve the standard of care for patients facing serious diseases, today announced that Jeffrey Stein, Ph.D., President and Chief Executive Officer, will participate in the Guggenheim Securities SMID Cap Biotech Conference.
- 01/30/2025
|
Arcturus Therapeutics to Present at Guggenheim Securities SMID Cap Biotech Conference
- SAN DIEGO--(BUSINESS WIRE)---- $ARCT #ClinicalTrial--Arcturus Therapeutics Holdings Inc. (the “Company”, “Arcturus”, Nasdaq: ARCT), a commercial messenger RNA medicines company focused on the development of infectious disease vaccines and opportunities within liver and respiratory rare diseases, today announced that the Company will participate at a fireside chat hosted by Guggenheim Securities SMID Cap Biotech Conference in New York, on Thursday, February 6, 2025, at 10:30 a.m. Eastern Time. Webcast link can be found.
- 01/30/2025
|
Adaptimmune to Participate in the Guggenheim Securities SMID Cap Biotech Conference February 6, 2025
- Philadelphia, Pennsylvania and Oxford, United Kingdom--(Newsfile Corp. - January 30, 2025) - Adaptimmune Therapeutics plc (NASDAQ: ADAP), a company working to redefine the treatment of solid tumor cancers with cell therapy, today announced that management will participate in the Guggenheim Securities SMID Cap Biotech Conference this February. Guggenheim Securities SMID Cap Biotech Conference, New York, NY Fireside chat with Adrian Rawcliffe, CEO: February 6 at 3:00 p.m.
- 01/30/2025
|
Mersana Therapeutics to Participate in the Guggenheim SMID Cap Biotech Conference
- CAMBRIDGE, Mass., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Mersana Therapeutics, Inc. (NASDAQ: MRSN), a clinical-stage biopharmaceutical company focused on discovering and developing a pipeline of antibody-drug conjugates (ADCs) targeting cancers in areas of high unmet medical need, today announced that members of management will participate in a fireside chat at the Guggenheim SMID Cap Biotech Conference on February 6, 2025 at 1:30 p.m. ET. A live webcast of this event will be available on the Investors & Media section of Mersana's website at www.mersana.com, and an archived replay will be available for approximately 90 days following the event.
- 01/30/2025
|
Keros Therapeutics to Present at the Guggenheim SMID Cap Biotech Conference
- LEXINGTON, Mass., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Keros Therapeutics, Inc. (“Keros”) (Nasdaq: KROS), a clinical-stage biopharmaceutical company focused on developing and commercializing novel therapeutics to treat a wide range of patients with disorders that are linked to dysfunctional signaling of the transforming growth factor-beta (“TGF-ß”) family of proteins, today announced that Keros' Chair and Chief Executive Officer Jasbir S. Seehra, Ph.D., will participate in a fireside chat presentation at the Guggenheim SMID Cap Biotech Conference on Thursday, February 6, 2025 at 10:00 a.m. Eastern time.
- 01/30/2025
|
EyePoint to Present at Guggenheim SMID Cap Biotech Conference
- WATERTOWN, Mass., Jan. 30, 2025 (GLOBE NEWSWIRE) -- EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT), a company committed to developing and commercializing innovative therapeutics to improve the lives of patients with serious retinal diseases, today announced that Jay S. Duker, M.D., President and Chief Executive Officer of EyePoint will participate in a fireside chat at the Guggenheim SMID Cap Biotech Conference on Thursday, February 6, 2025 at 9:30 a.m. ET.
- 01/30/2025
|
Vigil Neuroscience to Present at Guggenheim Securities SMID Cap Biotech Conference
- WATERTOWN, Mass., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Vigil Neuroscience, Inc. (Nasdaq: VIGL), a clinical-stage biotechnology company committed to harnessing the power of microglia for the treatment of neurodegenerative diseases, today announced that management will participate in a fireside chat at the Guggenheim Securities SMID Cap Biotech Conference on February 6, 2025, at 10:30 a.m. ET.
- 01/30/2025
|
Tango Therapeutics to Present at the Guggenheim SMID Cap Biotechnology Conference
- BOSTON, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Tango Therapeutics, Inc. (NASDAQ: TNGX), a clinical-stage biotechnology company committed to discovering and delivering the next generation of precision cancer medicines, today announced that Barbara Weber, M.D., President and Chief Executive Officer of Tango Therapeutics, is scheduled to participate in a fireside chat at the Guggenheim SMID Cap Biotechnology Conference on Wednesday, February 5, 2025 at 10:00 AM ET.
- 01/30/2025
|
Beam Therapeutics to Participate in Guggenheim SMID Cap Biotech Conference
- CAMBRIDGE, Mass., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Beam Therapeutics Inc. (Nasdaq: BEAM), a biotechnology company developing precision genetic medicines through base editing, today announced that John Evans, chief executive officer of Beam, plans to participate in a fireside chat during the Guggenheim SMID Cap Biotech Conference on Thursday, February 6, 2025, at 2:30 p.m. ET in New York.
- 01/30/2025
|
Eledon Pharmaceuticals to Participate in Guggenheim Securities SMID Cap Biotech Conference
- IRVINE, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Eledon Pharmaceuticals, Inc. (“Eledon”) (Nasdaq: ELDN) today announced that David-Alexandre C.
- 01/29/2025
|
Revolution Medicines to Participate in the Guggenheim Securities SMID Cap Biotech Conference
- REDWOOD CITY, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a clinical-stage oncology company developing novel targeted therapies for patients with RAS-addicted cancers, today announced that Mark A. Goldsmith, M.D., Ph.D., the company's chief executive officer and chairman, will participate in a fireside chat as part of the Guggenheim Securities SMID Cap Biotech Conference on Wednesday, February 5, 2025, at 10:30 a.m. ET.
- 01/29/2025
|
Cabaletta Bio to Participate in Guggenheim's SMID Cap Biotech Conference
- PHILADELPHIA, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Cabaletta Bio, Inc. (Nasdaq: CABA), a clinical-stage biotechnology company focused on developing and launching the first curative targeted cell therapies designed specifically for patients with autoimmune diseases, today announced that the Company will participate in a fireside chat at Guggenheim's SMID Cap Biotech Conference on Wednesday, February 5, 2025, at 10:30 a.m. ET in New York, NY.
- 01/29/2025
|
Phathom Pharmaceuticals to Present at the Guggenheim Securities SMID Cap Biotech Conference
- FLORHAM PARK, N.J., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal (GI) diseases, announced today that members of the management team will participate in a fireside chat at the Guggenheim Securities SMID Cap Biotech Conference on Thursday, February 6, 2025, at 10:00 am ET.
- 01/29/2025
|
Apogee Therapeutics to Participate at the Guggenheim SMID Cap Biotech Conference
- SAN FRANCISCO and BOSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Apogee Therapeutics, Inc., (Nasdaq: APGE), today announced that members of management will participate in a fireside chat at the Guggenheim SMID Cap Biotech Conference on Wednesday, February 5, 2025 at 1:00 p.m. E.T.
- 01/29/2025
|
ProMIS Neurosciences to Participate in Guggenheim Securities SMID Cap Biotech Conference
- CAMBRIDGE, Massachusetts, Jan. 29, 2025 (GLOBE NEWSWIRE) -- ProMIS Neurosciences, Inc. (Nasdaq: PMN), a clinical-stage biotechnology company focused on the generation and development of antibody therapeutics targeting toxic misfolded proteins in neurodegenerative diseases such as Alzheimer's disease (AD), amyotrophic lateral sclerosis (ALS) and multiple system atrophy (MSA), today announced that Neil Warma, Chief Executive Officer of ProMIS Neurosciences, will participate in a fireside chat at the Guggenheim Securities SMID Cap Biotech Conference on Wednesday, February 5, 2025 at 1:30 p.m. ET in New York, NY.
- 01/29/2025
|
Adicet Bio to Participate in a Fireside Chat at the Guggenheim Securities SMID Cap Biotech Conference
- REDWOOD CITY, Calif. & BOSTON--(BUSINESS WIRE)--Adicet Bio, Inc. (Nasdaq: ACET), a clinical stage biotechnology company discovering and developing allogeneic gamma delta T cell therapies for autoimmune diseases and cancer, today announced that Chen Schor, President and Chief Executive Officer, will participate in a fireside chat at the Guggenheim Securities SMID Cap Biotech Conference being held from February 5-6, 2025 in New York. Details of the event are as follows: Date: Wednesday, February.
- 01/29/2025
|
Verve Therapeutics to Participate in the Guggenheim Securities SMID Cap Biotech Conference
- BOSTON, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Verve Therapeutics, a clinical-stage company developing a new class of genetic medicines for cardiovascular disease, today announced that Sekar Kathiresan, M.D., co-founder and chief executive officer, will participate in a fireside chat at the Guggenheim Securities SMID Cap Biotech Conference on Wednesday, February 5, 2025 at 9 a.m. ET in New York.
- 01/29/2025
|
Zenas BioPharma to Present at the Guggenheim SMID Cap Biotech Conference
- WALTHAM, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Zenas BioPharma, Inc. (“Zenas” or the “Company”) (Nasdaq: ZBIO), a clinical-stage global biopharmaceutical company committed to being a leader in the development and commercialization of transformative immunology-based therapies, today announced management's fireside chat presentation at the Guggenheim SMID Cap Biotech Conference on Wednesday, February 5, 2025, at 3:00 p.m. ET.
- 01/28/2025
|
Corbus Pharmaceuticals to Present at the Guggenheim SMID Cap Biotech Conference
- NORWOOD, Mass., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP) (“Corbus” or the “Company”), today announced that Yuval Cohen, Ph.D., Chief Executive Officer of Corbus, will be participating in the Guggenheim SMID Cap Biotech Conference, to be held February 5-6, 2025 in New York, NY Dr. Cohen will participate in analyst led fireside discussion and will attend one-on-one investor meetings.
- 01/28/2025
|
InflaRx Announces Participation in Guggenheim SMID Cap Biotech Conference
- JENA, Germany, Jan. 23, 2025 (GLOBE NEWSWIRE) -- InflaRx N.V. (Nasdaq: IFRX), a biopharmaceutical company pioneering anti-inflammatory therapeutics by targeting the complement system, today announced that it will participate in the Guggenheim SMID Cap Biotech Conference, to be held February 5 – 6, 2025 in New York, NY.
- 01/23/2025
|
Easi-Set Worldwide Signs Building License Agreement with Infrastructure Precast, Inc.
- MIDLAND, VA / ACCESS Newswire / January 21, 2025 / Easi-Set Worldwide, a subsidiary of Smith-Midland Corporation (NASDAQ:SMID), is excited to announce a new licensing agreement with Infrastructure Precast Inc. (ICast) of Kentucky. Under this agreement, ICast will produce Easi-Set and Easi-Span precast concrete modular buildings for Kentucky, Middle Tennessee, and Southern Indiana.
- 01/21/2025
|
Why SMID Cap ETFs Make Sense in a Falling-Rate Environment
- Small- and mid-cap (SMID cap) ETFs have seen strong flows recently, making it important that investors fully understand why moving down the cap spectrum can make sense in a falling rate environment. In short, small-and mid-cap stocks, or SMID caps, are more sensitive to interest rates and economic conditions than larger companies.
- 12/10/2024
|
Navigate the SMID Cap Space With Active ETFs
- While many investors seem fixated on the mega cap equities, one would be remiss to ignore the immense potential of SMID caps. There are more than a few reasons why SMID caps currently offer an attractive investment option.
- 11/27/2024
|
Smith-Midland Q3 Earnings Skyrocket 146% Y/Y, Revenues Soar 51%
- Smith-Midland posts Q3 revenues of $23.6 million, driven by service growth and higher margins, boosting earnings per share to 59 cents.
- 11/19/2024
|
Smith-Midland to Present and Host 1x1 Investor Meetings at the 16th Annual Southwest IDEAS Investor Conference on November 21st
- MIDLAND, VA / ACCESSWIRE / November 15, 2024 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced Ashley Smith, Chairman and Chief Executive Officer of Smith-Midland, will present at the Southwest IDEAS Investor Conference on Thursday, November 21, 2024 at The Statler in Dallas, TX. The company's presentation is scheduled to begin at 10:00am CT.
- 11/15/2024
|
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.
- 11/14/2024
|
Comparing SMID INTL Equity ETFs: Sell GWX, Buy DFIS
- International Small Cap stocks currently offer better valuation compared to US Small-Cap stocks, as indicated by ETF comparisons. GWX ranks last in the Foreign Small/Mid Blend category, earning a Strong Sell rating due to poor relative performance. DFIS, the top-ranked ETF gets a Buy rating. This article reviews both GWX's and DFIS's current holdings, and then explores the reason why their returns vary so much.
- 10/21/2024
|
Diversify Your SMID Exposure With Actively-Managed NBSM
- Investors looking to the potential of small- and midcap (SMID) performance in a declining rate environment would do well to consider the Neuberger Berman Small-Mid Cap ETF (NBSM). The actively managed fund offers diversified exposure when compared to the Russell 2500 Index benchmark.
- 10/18/2024
|
More Than Rate Cut Hype: This SMID-Cap ETF Offers Long-Term Upside
- Many investors likely recognize by now the brightened outlook that rate cuts have provided for SMID-cap and midcap equities. That's been borne out by some recent upswings for those categories.
- 10/08/2024
|
Look to This Outperforming SMID-Cap ETF as Rate Cuts Loom
- The rate-cut story looks better and better, seemingly by the week. While markets are not in the business of locked-in future predictions, many investor eyes are locked on the potential for cuts.
- 09/09/2024
|
Smith-Midland (SMID) Earnings & Revenues Rise Y/Y in Q2
- Increased production and higher sales volumes across multiple product lines aid Smith-Midland's (SMID) earnings in Q2.
- 08/16/2024
|
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.
- 08/14/2024
|
3 Funds for Bullish SMID Investors
- Small cap stocks experienced a flux of inflows in mid-July as investor rate cut hopes soared. Fidelity offers three actively managed ETFs for investors looking for opportunity in the SMID (small and mid cap) space.
- 08/06/2024
|
This Active SMID-Cap ETF Doubled Its AUM in Just 6 Months
- Active ETFs are continuing to grow their share of ETF and active assets this year, contributing significantly to the growth of ETFs overall. Active strategies offer some real synergies with the ETF wrapper, but not all active ETFs are the same.
- 08/02/2024
|
Fill Gaps in SMID-Cap Exposure With XMHQ and XSHQ
- Investors may want to consider filling any gaps in smid-cap exposure. Many investors may be missing out on the growth potential mid- and small-cap companies.
- 07/22/2024
|
This SMID Cap ETF Outperformed SPY Over the Last Month
- SPY may be the landmark ETF many investors know about, but it isn't the be-all, end-all in the space. Plenty of ETFs can complement the strategy, offering a different view away from the mega-cap-heavy S&P 500.
- 07/18/2024
|
3 Microcaps to Benefit from Federal Highway Spending
- The IIJA (Infrastructure Investment and Jobs Act) is a $1.2 trillion investment over a five-year period.
- 07/10/2024
|
Easi-Set Worldwide Develops New J-J Hook(TM) MASH 16 Low-Profile Barrier
- MIDLAND, VA / ACCESSWIRE / July 8, 2024 / Easi-Set Worldwide a subsidiary of Smith-Midland Corporation (NASDAQ:SMID), has developed a J-J Hook™ Low-Profile Portable Concrete Barrier. The Company has been issued a provisional patent from the US Patent Office, has successfully crash-tested the barrier to the MASH 16 TL2 guidelines, and obtained a Federal Highway Association (FHWA) Letter of Eligibility (B-379).
- 07/08/2024
|
Zacks Initiates Coverage of Smith-Midland With Neutral Recommendation
- Discover why Zacks rates Smith-Midland (SMID) as "Neutral," being the first on Wall Street to initiate the coverage of the stock. Explore SMID's robust revenue growth and operational improvements amid significant risks, including rising material costs and dependency on a single customer.
- 06/25/2024
|
Smith-Midland Secures $7.5 Million Noise Wall Contract for Georgia Department of Transportation Project
- COLUMBIA, SC / ACCESSWIRE / June 12, 2024 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has been awarded a new $7.5 million precast concrete noise wall contract for a Georgia Department of Transportation (GDOT) project. Smith-Midland South Carolina will manufacture more than 4,700 precast noise wall panels, with an Ashlar stone finish on both sides, for the I-285/I-20 interchange project, which is well known for having some of the worst traffic congestion in the country.
- 06/12/2024
|
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.
- 06/11/2024
|
Otter Creek Rolls Out Strategic SMID ETF
- On Monday, Otter Creek Advisors made its ETF debut with the Otter Creek Focus Strategy ETF (OCFS).The actively managed fund has a net expense ratio of 0.85%. It seeks to provide investors with access to long-term appreciation of capital. Securities within the portfolio are largely equities of small and midcap companies listed within the United States. This makes OCFS a beneficial option for investors seeking to avoid large and mega-cap overexposure. Otter Creek determines small to midcap companies as those that possess market caps between $500 million and $60 billion at the time of purchase. To choose assets to hold, Otter Creek employs a unique, vigorous screening process. First, companies across the small and midcap space get screened on competitive advantage, secular growth, a proven management team, and above-average financial profile. From there, remaining securities get then thinned out to prioritize long-term earnings growth, cash flow, and return on capital, amid other factors. This process continues until there are about 30-50 candidates remaining. In the final screening stage, the list of companies narrows based on growth outlook and internal rates of return. Otter Creek’s concentrated portfolio leaves room for about 20-35 small to midcap assets. Securities within the fund’s holdings will continue to be monitored to ensure optimal fund positioning. Additionally, the fund may invest up to 20% of assets toward U.S.-dollar-denominated foreign equity securities. These options include U.S. depository-issued American depositary receipts and global depositary receipts that trade on U.S. exchanges. The fund’s flexible strategy helps Otter Creek better position investments. OCFS aims to capture risk-adjusted opportunities by focusing on capital appreciation instead of growth or value The fund’s active management strategy bolsters this flexibility. An active management team can proactively reposition assets and shift portfolio weightings to best benefit from the current economic environment. For more news, information, and analysis, visit VettaFi | ETF Trends.
- 05/20/2024
|
Smith-Midland Announces Receipt of Nasdaq Letter
- MIDLAND, VA / ACCESSWIRE / April 24, 2024 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that it received a letter dated April 19, 2024, from Nasdaq, indicating that the Company was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Form 10-K").
- 04/24/2024
|
Smith-Midland Announces Delayed Filing of 2023 Form 10-K
- MIDLAND, VA / ACCESSWIRE / April 1, 2024 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that it has filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the late filing of its Annual Report on Form 10-K ("Form 10-K") for the year ended December 31, 2023. The company expects to file its Form 10-K on or before April 16, 2024.
- 04/01/2024
|
Smith-Midland's Utility Vault Orders Surge: Meeting Data Center Demand
- MIDLAND, VA / ACCESSWIRE / March 19, 2024 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, is currently designing, manufacturing, and delivering more than $3 million in standard and custom designed utility vaults, rated for various weight requirements for multiple projects throughout Northern Virginia. Utility vaults are in high demand, and Smith-Midland's precast concrete vaults are engineered with both standard and custom designs to be used for numerous projects in their Midland, Virginia plant market, where data center growth is booming.
- 03/19/2024
|
3 Top Stock Picks from America's Leading SMID-Cap Fund
- There are small-cap funds, and there are mid-cap funds, and those invest in both. These are what you call SMID-Cap funds.
- 02/07/2024
|
Smith-Midland Keeps Getting Overvalued
- Smith-Midland is a pre-cast product manufacturing company on the East Coast. Despite optimism around the Infrastructure Act, the company would need to quadruple its revenues to justify its current stock price. The company's recent revenue trends indicate inflationary accommodation of prices rather than a secular change in business.
- 01/27/2024
|
Smith-Midland to Double the Size of North Carolina Plant
- MIDLAND, VA / ACCESSWIRE / January 11, 2024 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has commenced construction to double the size of its Reidsville, North Carolina plant. Smith-Midland North Carolina is investing almost $2 million to expand its production facility to 30,000 square feet, including the addition of a 20-ton crane.
- 01/11/2024
|
Smith-Midland Appoints New Members to its Board of Directors
- MIDLAND, VA / ACCESSWIRE / December 28, 2023 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has appointed Ms. Read Van de Water and Mr.
- 12/28/2023
|
Smith-Midland Receives $3.8M J-J Hooks Barrier Rental Contract for I-64 in Virginia
- MIDLAND, VA / ACCESSWIRE / December 12, 2023 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems has begun renting its J-J Hooks precast concrete barrier to the Virginia Department of Transportation (VDOT), as part of the I-64 Gap Widening Project in New Kent County, Virginia. The total value of the project through its Concrete Safety Systems (CSS) rental division is approximately $3.8 million.
- 12/12/2023
|
Smith-Midland Producing Precast Utility Manholes for The Port of Virginia
- MIDLAND, VA / ACCESSWIRE / November 30, 2023 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has begun production in their Virginia plant for $1.1 Million of precast concrete Utility Manholes for the North Norfolk International Terminal Optimization Project, in Norfolk, Virginia. The redevelopment project, consisting of over 74 acres of terminal property, will include multiple underground precast concrete utility boxes for electrical and communication uses.
- 11/30/2023
|
Smith-Midland Reports Third Quarter 2023 Financial Results
- Revenue Increased 31% to $15.7 Million; Backlog Remains Strong Over $60 Million MIDLAND, VA / ACCESSWIRE / November 9, 2023 / Smith-Midland Corporation (NASDAQ:SMID) a provider of innovative, high-quality, proprietary and patented precast concrete products and systems announced its third quarter results for the period ended September 30, 2023. Third Quarter 2023 Summary Revenue increased 31 percent from the prior year quarter to $15.7 million Product sales increased 54 percent from the third quarter of 2022 to $10.9 million Gross margin of 22.9%, a 550 basis point increase from the prior year quarter Net income of $1.3 million compared to $5,000 in the third quarter of 2022 Selected by Maryland Transportation Authority for $6.8 million architectural panel project for the Baltimore Harbor Tunnel Awarded $1.6 million contract for rental of J-J Hook barrier for I-64 Hampton Roads Express Lanes project "Our strong third quarter results reflect the underlying strength of our business coupled with the favorable tailwinds within the industry from increased public and private infrastructure and construction spending.
- 11/09/2023
|
Smith-Midland Receives $1.6 Million Order for J-J Hooks Rental Barrier for I-64 Project in Virginia
- MIDLAND, VA / ACCESSWIRE / October 19, 2023 / Smith-Midland (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems received a contract through the Virginia DOT for $1.6 million of J-J Hooks precast concrete barrier as part of the I-64 Hampton Roads Express Lanes project, in Norfolk, Virginia. The barriers will be provided by the company's highway barrier rental division, Concrete Safety Systems (CSS).
- 10/19/2023
|
Smith-Midland Reports Second Quarter 2023 Financial Results
- Revenue Increased 11% from Prior Year to $14.7 Million; Record Backlog of $60.9 Million Announces Preliminary Third Quarter Year-over-Year Revenue Growth in Excess of 20% MIDLAND, VA / ACCESSWIRE / October 11, 2023 / Smith-Midland Corporation (NASDAQ:SMID) a provider of innovative, high-quality proprietary and patented precast concrete products and systems announced its second quarter results for the period ended June 30, 2023. Second Quarter 2023 Summary Compared to Second Quarter 2022 Revenue increased 11 percent from the prior year quarter to $14.7 million Product sales increased 58 percent from the prior year quarter to $10.7 million Net loss of $782,000, or loss per share of $0.15, primarily related to a pair of items isolated to the quarter Selected to produce SlenderWall architectural precast panels for $4.5 million hospital project Awarded $2.1 million contract for architectural panels for BMW's campus in South Carolina The Company's second quarter 10-Q filing was delayed due to the transition to a new independent registered accounting firm.
- 10/11/2023
|
Architectural Precast Giving Baltimore Harbor Tunnel Vent Buildings New Life
- MIDLAND, VA / ACCESSWIRE / October 6, 2023 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, will begin production on a $6.8M architectural precast panel project for the Baltimore Harbor Tunnel for Maryland Transportation Authority (MDTA). The existing vent buildings, built in 1957, will have their existing cladding removed and then re-clad with Smith-Midland's architectural precast concrete panels, designed with thin-brick cast into the face of the panels.
- 10/06/2023
|
Smith-Midland Announces Receipt of Nasdaq Letter and Engagement of New Audit Firm
- MIDLAND, VA / ACCESSWIRE / August 23, 2023 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that it received a letter dated August 17, 2023, from Nasdaq, indicating that the Company was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2023 (the "Form 10-Q").
- 08/23/2023
|
Smith-Midland Announces Delayed Filing of Form 10-Q
- MIDLAND, VA / ACCESSWIRE / August 14, 2023 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that it will file a Form 12b-25 with the Securities and Exchange Commission to provide notice of the late filing of its Annual Report on Form 10-Q ("Form 10-Q") for the period ended June 30, 2023. The extension is related to the Company's transition to its new independent registered public accounting firm as detailed in the forthcoming filing of the Form 12b-25.
- 08/14/2023
|
Smith-Midland to Host and Present at the 13th Annual East Coast IDEAS Investor Conference
- MIDLAND, VA / ACCESSWIRE / June 20, 2023 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced management will participate in the virtual East Coast IDEAS Investor Conference on June 22, 2023. Smith-Midland's presentation is scheduled to be available at 6:00 am ET on June 21, 2023 and will be accessible via the conference website www.IDEASconferences.com.
- 06/20/2023
|
Smith-Midland Announces Release Date for Fourth Quarter and Full Year 2022 Earnings Results
- MIDLAND, VA / ACCESSWIRE / March 23, 2023 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced it intends to release the results of its operations for the fourth quarter and full year 2022 before the market opens on Thursday, March 30, 2023. The release will be available on the Company's website under the "Investors" section.
- 03/23/2023
|
Mutual Funds Are Investing In 'Survivors' For 2023
- Stock picking is an art in a tough market. Learn which companies mutual fund managers believe can grow during economic uncertainty.
- 12/30/2022
|
Smith-Midland Is A Good Company But It Is Extremely Overvalued
- SMID manufactures precast products, particularly for transportation infrastructure. The company enjoys a small moat in a competitive industry, has low capital requirements and no debt.
- 09/26/2022
|
7 Stocks to Buy This Week
- To discuss intriguing stocks to buy this week runs into a timing issue. After all, the major indices melted down for the week ending Sept.
- 09/19/2022
|
Smith-Midland to Present and Host Investor Meetings at the 13th Annual Midwest IDEAS Investor Conference on August 24th
- MIDLAND, VA / ACCESSWIRE / August 17, 2022 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that management will attend and host investor meetings at the Midwest IDEAS Investor Conference on August 24, 2022. The Company's presentation is scheduled at 4:00pm ET and will be webcast and may be accessed through the conference host's main website: https://www.threepartadvisors.com/midwest.
- 08/17/2022
|
Smith-Midland: The Triple Play - Macro Tailwinds, Governmental Mandates, And A Fundamental Business Shift
- Smith-Midland: The Triple Play - Macro Tailwinds, Governmental Mandates, And A Fundamental Business Shift
- 03/31/2022
|
Smith-Midland Announces Release Date for Fourth Quarter and Fiscal Year 2021 Earnings Results
- MIDLAND, VA / ACCESSWIRE / March 24, 2022 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company") today announced it intends to release the results of its operations for the fourth quarter and fiscal year 2021 before the market opens on Thursday, March 31, 2022. About Smith-Midland Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries.
- 03/24/2022
|
Smaller Biotech Stocks Ready to Perk Up
- If there's an asset class that's looking forward to 2022, it's small- and mid-cap (SMID) biotechnology stocks because that group dealt with a variety of headwinds this year. However, there are more reasons for investors to monitor exchange traded funds, such as the ALPS Medical Breakthroughs ETF (SBIO), beyond “things can't get much worse” sentiment.
- 12/07/2021
|
Smith-Midland: An Undiscovered Infrastructure Winner
- Smith-Midland: An Undiscovered Infrastructure Winner
- 10/12/2021
|
Smith-Midland to Present at LD Micro Main Event
- Presentation on October 13, 2021, at 3:30 PT / 6:30 ET MIDLAND, VA / ACCESSWIRE / October 7, 2021 / Smith-Midland (NASDAQ:SMID), provider of innovative, high-quality proprietary and patented precast concrete products and systems, announced today that it will be presenting at the 14th annual Main Event on October 13, 2021, at time 3:30 PM PT/6:30 PM ET at the Luxe Sunset Bel-Air in Los Angeles. Smith-Midland's Chief Executive Officer and President, Ashley Smith and Chief Financial Officer, AJ Krick, will be giving the presentation.
- 10/07/2021
|
Smith-Midland achieves STEP Platinum Status in ABC Safety Management Program
- MIDLAND, VA / ACCESSWIRE / September 14, 2021 / Smith-Midland Corporation (NASDAQ:SMID). Associated Builders and Contractors, Inc. (ABC) presented Smith-Midland Corporation with the prestigious Platinum Level of Achievement Safety Training and Evaluation Process (STEP) recognition for 2021.
- 09/14/2021
|
Smith-Midland Adds Another Licensee for J-J Hooks(R) Barrier
- Foley Materials to manufacture J-J Hooks® Barrier for Georgia and Alabama MIDLAND, VA / ACCESSWIRE / August 31, 2021 / Smith-Midland Corporation's (NASDAQ:SMID) licensing subsidiary Easi-Set Worldwide today announced a signed agreement with one of the Southeast's premier transportation materials companies, Foley Materials Company. Foley will now manufacture the patented J-J Hooks highway barrier system to serve their markets in the Southeastern United States.
- 08/31/2021
|
Smith-Midland Reports Second Quarter 2021 Financial Results
- Royalty Income Strongest Quarter in Company History MIDLAND, VA / ACCESSWIRE / August 10, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced second quarter results for 2021. Second Quarter 2021 Highlights 68 percent increase in royalty income, the strongest quarter in Company history 30 percent increase in core fleet barrier rental revenues Rental barrier fleet expansion to 300,000 linear fleet by year end 2021 Received Platinum Safety Award from Associated Builders and Contractors (ABC) "I am pleased to announce another great quarter and first half of 2021 as we execute against our long-term growth plans.
- 08/10/2021
|
Smith-Midland Announces Second Quarter 2021 Earnings Results Release Date
- MIDLAND, VA / ACCESSWIRE / August 3, 2021 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company") today announced it intends to release the results of its operations for the second quarter 2021 before the market opens on Tuesday, August 10, 2021. About Smith-Midland Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utilities industries.
- 08/03/2021
|
Smith-Midland Announces Inclusion in Russell Microcap(R) Index
- MIDLAND, VA / ACCESSWIRE / June 28, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced that the Company has been added to the Russell Microcap® Index effective after the market close, June 25th. "Smith-Midland's inclusion in the Russell Microcap® Index is another milestone that reflects the Company's exceptional performance.
- 06/28/2021
|
Smith-Midland Licenses' Jensen Precast to Manufacture J-J Hooks(R) Barrier for the California Infrastructure Market
- MIDLAND, VA / ACCESSWIRE / June 9, 2021 / Smith-Midland Corporation (NASDAQ:SMID) today announces the execution of a significant milestone in the Company's strategic growth initiatives in California. Smith-Midland's licensing subsidiary Easi-Set Worldwide has signed an agreement with one of the West Coast's premier precasters, Jensen Precast, to manufacturer their patented J-J Hooks highway barrier system.
- 06/09/2021
|
Smith-Midland Reports First Quarter 2021 Financial Results
- MIDLAND, VA / ACCESSWIRE / May 11, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced first quarter results for 2021. First Quarter 2021 Highlights as compared to First Quarter 2020 679 percent increase in Barrier Rentals 57 percent increase in Royalty Income 55 percent increase in Revenue "Smith-Midland continues to deliver in our areas of strategic focus.
- 05/11/2021
|
Smith-Midland Announces First Quarter 2021 Earnings Results Release Date
- MIDLAND, VA / ACCESSWIRE / May 4, 2021 / Smith-Midland Corporation (NASDAQ:SMID) (the "Company") today announced it intends to release the results of its operations for the first quarter 2021 before the market opens on Tuesday, May 11, 2021. About Smith-Midland Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utilities industries.
- 05/04/2021
|
Smith-Midland wins $5.5 million SlenderWall contract in major New York redevelopment project
- MIDLAND, VA / ACCESSWIRE / April 14, 2021 / Smith-Midland Corporation (NASDAQ:SMID) today announces a contract win to provide architectural precast concrete cladding products and services, including Smith-Midland's proprietary SlenderWall system for use in a 19 story multi-family structure in New Rochelle, New York. 11 Garden Street, New Rochelle Development New Rochelle embarked on an ambitious $4 billion redevelopment plan to spark a major economic rebirth of their historic downtown.
- 04/14/2021
|
Smith-Midland Reports Fourth Quarter and Full Year 2020 Results
- MIDLAND, VA / ACCESSWIRE / March 30, 2021 / Smith-Midland Corporation (NASDAQ:SMID) provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced fourth quarter and year-end results for 2020. Fourth Quarter 2020 Highlights Pre-tax income for the fourth quarter 2020 grew to $1.3 million compared to $1.0 million in fourth quarter 2019 Net income remained strong year over year despite a slight reduction in revenues in the fourth quarter 2020 compared to the same period in 2019 Full Year 2020 Highlights Diluted earnings per share increased an impressive 34 percent to $0.51 for full year 2020 compared to $0.38 for fiscal 2019 Net income increased 37 percent for full year 2020 compared to 2019 Revenues for full year 2020 totaled $43.8 million compared to $46.7 million in 2019 Barrier rental revenues increased 176 percent in 2020 compared to 2019 Gross margin, excluding royalties, increased to 22 percent in 2020 compared to 18 percent the prior year "I am extremely impressed with Smith-Midland's performance and ability to grow our earnings during such a pivotal year.
- 03/30/2021
|
J-J Hooks Barrier Market Continues Major Expansions
- MIDLAND, VA / ACCESSWIRE / March 25, 2021 / Smith-Midland Corporation (NASDAQ:SMID) Easi-Set Worldwide, precast concrete products licensing subsidiary of Smith-Midland Corporation, production expansion announcement. On the heels of the recent news on market approval for J-J Hooks barrier in the nation's second-largest transportation market, California, comes another licensed producer signing on the East Coast.
- 03/25/2021
|
