Smith‑Midland Corporation reported preliminary revenue for its fourth quarter of fiscal 2025 at $22 million to $24 million, a 19% to 23% increase from the $18.5 million recorded in the same quarter of fiscal 2024. The company also projected full‑year 2025 revenue of $92 million to $94 million, up 18% from the $78.5 million reported for fiscal 2024.
Net income for the quarter is expected to be a record, surpassing the $1.4 million reported for Q4 2024, while full‑year 2025 net income is projected to be a record, exceeding the $7.7 million reported for fiscal 2024, indicating a flat but stable profitability trajectory.
Revenue growth was driven by higher product sales and increased shipping and installation revenue, reflecting sustained demand for the company’s proprietary precast concrete systems and barrier rentals. The shift toward higher‑margin rental and licensed product offerings, combined with federal and state infrastructure spending, underpinned the top‑line expansion.
CEO Ashley Smith said, “2025 has been another banner year for Smith‑Midland, as we expect to report new record top and bottom‑line results after setting new highs last year.” She added, “Our results reflect continued demand supported by federal and state infrastructure spending as well as disciplined execution of our growth strategy, including strategic expansion of our rental barrier fleet and product sales initiatives, to further strengthen our market position.”
With gross margin improving to 25.5% in fiscal 2024, the company’s guidance signals confidence that the mix shift toward higher‑margin rentals and licensed products will sustain profitability. The 18% revenue growth forecast, coupled with a record net income outlook, positions Smith‑Midland to capitalize on ongoing infrastructure investment and to reinforce its competitive advantage in the precast concrete market.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.