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Smith-Midland Corp. (SMID)

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Last Post: 11/17/2020 9:02:17 AM - Followers: 18 - Board type: Free - Posts Today: 0


Record earnings! Company looks to have just reported their best quarter EVER:




 The company looks to be actively hiring :   http://www.smithmidland.com/production.html

Not only that, the company is in a niche that should benefit nicely once infrastructure spending from the government picks up over the coming years- here is a cut and paste about one of  their products that should benefit although several products stand to cater to the infrastructure spending:


JJ Hooks (from JJhooks.com):
The J-J Hooks highway traffic safety barrier connection system has become a “standard” on North American and international highways in recent years. It is the most widely used private connection design in the United States. Last year, local producers provided more than one million linear feet of barrier to US highway projects. It is the lowest cost barrier connection system available in the industry today.


Their raw materials are in large part comprised of steel and cement which have been declining in price lately.This should continue to help margins going forward.

At $15.9 million,  they have near-record backlog even after the last two blowout quarters so business is looking very  strong.

On top of the backlog, there is also recurring business from a repeat customer that adds to revenues and their seasonally stronger quarters lie ahead of them on top of expected continuing moderation of raw materials costs during 2009 (from the 10Q filed):


The Company services the construction industry primarily in areas of the United States where construction activity may be inhibited by adverse weather during the winter. As a result, the Company may experience reduced revenues from December through February and realize the substantial part of its revenues during the other months of the year. The Company may experience lower profits, or losses, during the winter months, and as such, must have sufficient working capital to fund its operations at a reduced level until the spring construction season. The failure to generate or obtain sufficient working capital during the winter may have a material adverse effect on the Company.


Significant increases in the cost of steel, cement and other direct materials used in production and delivery, including fuel surcharges, have caused increases in cost of goods sold of the Company during the year ending December 31, 2008. Due to a downturn in the economy, [b]the Company expects these costs to continue to moderate during 2009.[/b]

Production Backlog

As of May 6, 2009, the Registrant's sales backlog was approximately $15,900,000, as compared to approximately $12,432,000 at the same date in 2008. The Company also maintains a regularly occurring repeat customer business, which should be considered in addition to the ordered production backlog described above. These orders typically have a quick turn around and represent purchases of a significant portion of the Company's inventoried standard products, such as highway safety barrier, utility and Easi-Set? building products. Historically, this regularly occurring repeat customer business is equal to approximately $6,500,000 annually.


 In the production backlog, the repeat customer has been dropping the orders amount slightly but not a lot (from approx $7 million last year to about $6.5 million now).


Fairly recent news items that  are currently or will soon be positively impacting 2009 earnings:

















All above is accurate to the best of my knowledge, verify things through your own DD and good luck.



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SMID News: Statement of Changes in Beneficial Ownership (4) 04/12/2021 04:49:44 PM
SMID News: Statement of Changes in Beneficial Ownership (4) 04/12/2021 04:47:08 PM
SMID News: Statement of Changes in Beneficial Ownership (4) 04/12/2021 04:45:56 PM
SMID News: Statement of Changes in Beneficial Ownership (4) 04/12/2021 04:44:49 PM
SMID News: Statement of Changes in Beneficial Ownership (4) 04/12/2021 04:43:40 PM
#503   SMID moved to the Nasdaq from the OTC: Renee 11/17/20 09:02:17 AM
#502   News: $SMID Smith-Midland makes it an OTCQX Top whytestocks 01/24/19 04:01:12 PM
#501   Yea on bright side , hoping country got swampboots 03/11/18 09:08:48 PM
#500   Ya no big fancy missiles or tanks. Hopefully littlefish 03/11/18 06:33:01 PM
#499   No Tanks no thanks! swampboots 03/11/18 04:27:31 PM
#498   Sounds like a somewhat toned down version if littlefish 03/09/18 10:26:22 PM
#497   Shiny toys for the golden emperor... littlefish 02/07/18 04:17:37 PM
#496   Ha.if we go Commie SMID would be "pro" swampboots 02/07/18 03:45:55 PM
#495   Could be interesting for Smith Midland if the littlefish 02/07/18 02:19:56 PM
#494   This has potential to be a recurring event littlefish 09/18/17 05:59:19 PM
#493   US concrete is not a pure play on littlefish 04/27/17 02:01:36 PM
#492   Nice writeup! Only thing that makes me hweb2 04/11/17 01:11:56 PM
#491   MCEM is a pure concrete play; I own some... Knowledge is King 04/11/17 12:46:11 PM
#490   SA article $SMID @6.20 pps...https://seekingalpha.com/article/4061726-smith-midl 1center 04/11/17 12:40:44 PM
#489   Except for US concrete not many pure concrete swampboots 11/16/16 09:03:54 PM
#488   More like "pithification". Might explain a few things. littlefish 11/16/16 08:08:54 PM
#487   Great pick and now in sync with Trump "mythification". swampboots 11/15/16 06:57:36 PM
#486   Agreed. Bigger quarter than I was expecting. After Trent Blair 11/14/16 06:15:39 PM
#485   Huge quarter for SMID and just the beginning littlefish 11/14/16 05:58:47 PM
#484   They will probably get a decent bit of Trent Blair 10/07/16 10:54:52 PM
#483   Thx for the share 1center, I disagree with littlefish 08/15/16 01:56:24 PM
#482   $SMID..3.17..Smith-Midland Is A Rapidly Growing, Undiscovered Company 1center 08/15/16 01:39:38 PM
#481   1center- Did the governor go ahead and sign littlefish 08/13/16 02:40:55 PM
#480   Econ- ya I went off a little on littlefish 08/12/16 08:17:34 PM
#479   I took a position today. From the 10-Q Trent Blair 08/12/16 04:41:37 PM
#478   Great to hear, especially your preview of foreseeable "lettings". swampboots 08/12/16 02:16:59 PM
#477   Thx swamp, this is a core holding for littlefish 08/12/16 11:50:22 AM
#476   $SMID..$3.10..So nice to see the offer being bought.... 1center 08/12/16 11:30:20 AM
#475   Great pick Littlefish reminds me of SLP eons ago. swampboots 08/12/16 10:13:24 AM
#474   Rodney Smith,...$SMID..We believe that the third quarter should 1center 08/11/16 10:53:32 PM
#473   $SMID..Columbia property 8k. 1center 07/28/16 04:57:07 AM
#472   $SMID 07/14/16..To Our Smith-Midland Shareholders, Customers, Associates and 1center 07/16/16 06:50:31 PM
#471   Ah that's a ways away from the Hopkins littlefish 06/02/16 06:49:42 PM
#470   I'm in Greenville upstate SC about 120 miles 1center 06/02/16 01:51:52 AM
#469   1center, just out of curiosity how far are littlefish 06/01/16 11:40:00 PM
#468   $SMID J-J Hooks Safety Barrier Plays Supporting Role 1center 06/01/16 10:52:20 AM
#467   Another positive, just noticed malfunction junction and the littlefish 05/28/16 08:28:19 PM
#466   Thx for the share, kind of following what littlefish 05/28/16 07:47:16 PM
#465   SC..House passes amended road-funding, DOT reform bill 1center 05/28/16 03:21:11 PM
#464   Ya South Carolina has some potentials going thru. littlefish 05/25/16 06:39:30 PM
#463   Your response greatly appreciated, hopefully they do well 1center 05/25/16 06:22:18 PM
#462   It's actually just east of Columbia. There are littlefish 05/25/16 02:22:19 PM
#461   Nice buys in .30's swampboots 05/25/16 11:05:47 AM
#460   Hi littlefish, I was wondering if $SMID was 1center 05/25/16 10:10:31 AM
#459   SMID: 2.53- a niche of conviction is waving swampboots 05/24/16 10:56:24 AM
#458   SMID: Nice to see it come in for swampboots 05/23/16 12:26:00 PM
#457   Ah that post was actually referencing a different company. littlefish 05/13/16 12:06:01 AM
#456   Loss of 2 cents, much better than last jbaxter 05/12/16 09:26:56 PM
#455   Oops OT: Don't be so quick to be littlefish 04/26/16 10:18:32 PM
#454   Ot: I saw that, a little patti cake swampboots 04/26/16 09:50:42 PM
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