SMITH MIDLAND CORP

For the period ended Jun 30, 2026. Filed Aug 14, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 14, 2026

SMID$21.51-17.8%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

(in thousands, except per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Revenue
Product sales	$11,202	$13,436	$22,988	$22,548
Barrier rentals	3,212	5,781	5,413	14,205
Royalty income	929	1,326	1,752	2,216
Shipping and installation revenue	8,020	5,643	14,782	9,915
Total revenue	23,363	26,186	44,935	48,884
Cost of sales	17,944	18,400	35,213	34,123
Gross profit	5,419	7,786	9,722	14,761
Operating expenses
General and administrative expenses	2,483	1,514	4,236	3,098
Selling expenses	951	754	1,773	1,758
Total operating expenses	3,434	2,268	6,009	4,856
Operating income	1,985	5,518	3,713	9,905
Other income (expense)
Interest expense	(66)	(62)	(113)	(117)
Interest income	51	6	116	13
Other income (expense)	(155)	20	(140)	28
Total other income (expense)	(170)	(36)	(137)	(76)
Income before income tax expense	1,815	5,482	3,576	9,829
Income tax expense	434	1,311	856	2,331
Net income	$1,381	$4,171	$2,720	$7,498
Basic and diluted earnings per common share	$0.26	$0.79	$0.51	$1.41
Weighted average number of common shares outstanding:
Basic	5,307	5,305	5,307	5,305
Diluted	5,307	5,305	5,307	5,305

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.