Smith-Midland Reports Q3 Net Income of $2.9 Million on $21.5 Million Revenue
Smith-Midland Corporation reported Q3 2025 revenue of $21.5 million, down from $23.6 million a year ago. Product sales increased by 11% to $11.9 million. Gross margin was 26.8%, and operating income was $3.6 million. Net income was $2.9 million, or $0.54 per share, compared to $3.2 million and $0.59 per share last year. The company expects higher product sales and increased income from SlenderWall projects for the rest of 2025.
Smith-Midland Corporation reported third quarter 2025 revenue of $21.5 million, down from $23.6 million in the prior-year quarter. Product sales rose 11 percent to $11.9 million. Gross margin was 26.8 percent compared to 27.9 percent a year earlier. Operating income was $3.6 million, slightly below last year’s $3.8 million. Net income was $2.9 million, or $0.54 per diluted share, compared to $3.2 million and $0.59 per diluted share in the prior-year quarter. As of September 30, 2025, the company’s cash totaled $13.4 million, account receivables were $26.9 million, and debt stood at $4.6 million. Smith-Midland noted increased product sales and the commencement of several SlenderWall projects, with expectations for higher product sales volume and increased shipping, installation, and royalty income for the remainder of 2025. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smith-Midland Corporation published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1102381) on November 14, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
