SMITH MIDLAND CORP (SMID) Form 8-K — Aug 14, 2026

$SMIDForm 8-KItems 2.02, 9.01Filed Aug 14, 2026, 4:16 PM ET0001654954-26-007658Original filing

Smith-Midland Corporation (NASDAQ: SMID) reported second quarter 2026 revenue of $23.4 million, down from $26.2 million a year earlier, with net income of $1.4 million, or $0.26 per diluted share, versus $4.2 million, or $0.79 per diluted share, in the prior-year quarter. The declines stem largely from lapping a large, high-margin special barrier rental project completed in Q2 2025, with gross margin compressing to 23.2% from 29.7%; utility product sales were a bright spot, rising 126% YoY on data center demand.

Key figures

Eps: $0.26 per diluted share
Revenue: $23.4 million
Net Income: $1.4 million
Total Debt: $4.1 million
Revenue Yoy: -10.7%
Cash Position: $10.7 million
Backlog: $57.4 million as of August 1, 2026
Gross margin: 23.2% vs 29.7% prior year
Gross profit: $5.4 million vs $7.8 million prior year
Capex q2 2026: $1.9 million
Product sales: $11.2 million vs $13.4 million prior year
Royalty income: $929,000 vs $1.3 million prior year
Service revenue: $12.2 million vs $12.8 million prior year
Operating income: $2.0 million vs $5.5 million prior year
Backlog growth qoq: 19%
Backlog growth yoy: 6%
Prior year revenue: $26.2 million
Accounts receivable: $24.6 million
Prior year net income: $4.2 million
Utility product sales: $2.0 million, up 126% YoY
Barrier rental revenue: $3.2 million vs $5.8 million prior year
Prior year diluted eps: $0.79
Post quarter contract vdot: $10 million I-81 contract with Virginia Department of Transportation
Shipping installation revenue: $8.0 million vs $5.6 million prior year
Post quarter contract louisiana data center: $1.7 million
Post quarter utility vaults virginia data center: approximately $1 million

Price after filing

1 day: +1.7%7 days: +0.4%30 days: -11.7%

Close on the filing date to close N calendar days later (from $27.75). Historical, not a forecast.

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