Smith-Midland Reports Second Quarter 2026 Financial Results
Smith-Midland reported Q2 revenue of $23.4 million, down from $26.2 million in the prior-year quarter, with net income falling to $1.4 million or $0.26 per diluted share due to difficult comparisons with a large special project last year. Despite the earnings decline, the company's operational outlook improved significantly as backlog increased 19% quarter-over-quarter to $57.4 million, driven by recent awards including a $10 million I-81 project and a $1.7 million data center contract.
Key figures
- Eps
- 0.26
- Revenue
- $23.4 million
- Backlog
- $57.4 million
- Net income
- $1.4 million
- Gross margin
- 23.2%
- Gross profit
- $5.4 million
- Product sales
- $11.2 million
- Service revenue
- $12.2 million
- Operating income
- $2.0 million
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