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Smith-Midland Secures $2.2M Contract
Smith-Midland has secured a $2.2M contract to manufacture and supply SlenderWall architectural recast panels, architectural precast components, and precast stair systems for a new operations and office facility at Newport News Shipbuilding in Newport News, Virginia.
Smith-Midland Awarded $2.2M Contract
Smith-Midland has been awarded a $2.2M contract to manufacture and supply its SlenderWall architectural precast wall system for the new U.S. Coast Guard Clinic and Visitors Center in Charleston, South Carolina, further expanding the company's portfolio of mission-critical government and military construction projects.
Smith-Midland Corp Awarded $10M Transportation Infrastructure Project
Smith-Midland Corp has been awarded a transportation infrastructure project valued at approximately $10M to manufacture precast concrete SoftSound, retaining wall components, and pre-stressed columns for Virginia Department of Transportation, or VDOT, improvements along Interstate 81 near Roanoke, Virginia. This project, the third largest in Smith-Midland's history, includes the manufacturing of Smith-Midland's proven SoftSound a proprietary sound absorptive concrete face that absorbs traffic noise into the sound wall, along with retaining wall elements and structural sound wall columns that will enhance the I-81 corridor improvements. Designed for long-term durability and efficient installation, the precast systems help accelerate construction schedules while providing lasting performance in demanding transportation environments.
U.S. and Iranian Negotiators Discuss Resolving Disagreements
Discussions of organizing U.S. and Iranian negotiator to iron out their disagreements, along with reports that European governments are taking a more active role in helping unclog the shipping route through the Strait of Hormuz, are boosting investor sentiment. More benign than expected wholesale inflation data also worked in tandem to cooling geopolitical worries in continued repricing of Fed policy expectations toward greater likelihood of easing and supporting U.S. Treasuries. Equities finished broadly higher, led by Consumer Cyclicals, Communications Services and Tech. Meanwhile, Energy remained under pressure as Crude Oil prices continued to sink.In the opening hours of the evening session, WTI Crude Oil is falling further toward $88 per barrel, helped by a large build in API Petroleum inventories data leaving little concern of supply shock. Equity futures are also slightly higher, with S&P e-minis now solidly above 7,000 and Nasdaq 100 breaching above 26,000 - with the latter also closing above the levels seen just before U.S.-Iran escalation.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Gloo Holdingsup 19.3%Mama's Creationsup 3.9%ALSO HIGHER -NN, Inc.up 12.1% after Q1 pre-announcementStoneCo Ltd.up 7.8% after announcing special dividendGitLabup 5.8% after announcing expanded partnership with Google CloudNIKEup 2.0% after insider buying activitySmith-Midlanddown 1.5%DOWN AFTER EARNINGS -Equity Bancsharesdown 2.2%ALSO LOWER -BRPdown 8% after suspending 2027 guidance due to changes in tariff environmentTeraWulfdown 6.4% after equity offeringSolarEdge Technologiesdown 3.6% after being cut to Sell at Goldman SachsAutolivdown 1.6% after being cut to hold at Jefferies
Smith-Midland Reports Q4 Revenue of $23.1M
Reports Q4 revenue $23.1M vs. $18.5M last year. Reports Q4 product sales were $13.8M, up 26% compared to last year. Reports Q4 service revenue rose to $9.3M vs. $7.5M last year. "2025 was a banner year for Smith-Midland, as we once again posted our highest annual revenue and net income in company history," said CEO Ashley Smith.
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