Smith-Midland | 10-Q: FY2025 Q3 Revenue: USD 21.45 M

Revenue: As of FY2025 Q3, the actual value is USD 21.45 M.

EPS: As of FY2025 Q3, the actual value is USD 0.54.

EBIT: As of FY2025 Q3, the actual value is USD 3.826 M.

Segment Revenue

• Product Sales: $11,911 for the three months ended September 30, 2025, compared to $10,753 for the same period in 2024. For the nine months ended September 30, 2025, product sales were $34,459 compared to $34,621 in 2024.
• Barrier Rentals: $3,269 for the three months ended September 30, 2025, compared to $7,053 for the same period in 2024. For the nine months ended September 30, 2025, barrier rentals were $17,474 compared to $9,303 in 2024.
• Royalty Income: $1,083 for the three months ended September 30, 2025, compared to $958 for the same period in 2024. For the nine months ended September 30, 2025, royalty income was $3,299 compared to $2,403 in 2024.
• Shipping and Installation Revenue: $5,188 for the three months ended September 30, 2025, compared to $4,818 for the same period in 2024. For the nine months ended September 30, 2025, shipping and installation revenue was $15,103 compared to $13,650 in 2024.

Operational Metrics

• Net Income: $2,877 for the three months ended September 30, 2025, compared to $3,150 for the same period in 2024. For the nine months ended September 30, 2025, net income was $10,375 compared to $6,278 in 2024.
• Gross Profit: $5,759 for the three months ended September 30, 2025, compared to $6,578 for the same period in 2024. For the nine months ended September 30, 2025, gross profit was $20,520 compared to $15,624 in 2024.
• Operating Income: $3,854 for the three months ended September 30, 2025, compared to $3,848 for the same period in 2024. For the nine months ended September 30, 2025, operating income was $13,759 compared to $8,031 in 2024.

Cash Flow

• Operating Cash Flow: $11,714 for the nine months ended September 30, 2025, compared to $5,803 for the same period in 2024.
• Free Cash Flow: Not explicitly stated, but net cash provided by operating activities was $11,714, and net cash used in investing activities was -$5,382 for the nine months ended September 30, 2025.

Future Outlook and Strategy

• Core Business Focus: The company anticipates continued growth in revenue related to highway, transportation, and infrastructure markets, supported by funding from the Infrastructure Investment and Jobs Act. The company is also increasing marketing and sales efforts towards SlenderWall sales and barrier rentals.
• Non-Core Business: The company is focusing on increasing production capacity and expanding its rental fleet, with capital expenditures planned for barrier production and plant expansion.
• Priority: Emphasis on increasing SlenderWall sales and barrier rentals, with strategic objectives aligned with long-term growth targets.