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[gilead23]

SMID posted blowout results .15/share

Stock is trading at 1.85 and now has consecutive eps quarters of

.12 (after 1 time legal expenses)
.20
.15

Balance sheet is also rock solid with a book value of 1.79 cash and receivables of 1.65 and a current ratio of 3.2

With any luck they will issue a correction for their PR released after hours that incorrectly indicated they earned .15 pre-tax

MIDLAND, Va.--(BUSINESS WIRE)--Smith-Midland Corporation (OTCBB:SMID - News) announced total revenue of $7.6 million for the quarter ended June 30, 2009, compared to $6.9 million for the same period in 2008. Increased revenues for the quarter pushed pre-tax earnings to $1.2 million, or $0.15 per share, for the three months ended June 30, 2009, compared to $327,537, or $0.04 per share, for the same period in 2008.

For the six months ended June 30, 2009, the Company reported total revenue of $16.7 million compared to $13.8 million for the same period in 2008. Pre-tax earnings for the six month period were $2.7 million, or $0.35 per share, compared to $432,024, or $0.05 per share for the prior year.

“The Company is extremely pleased with the results of operations for the first six months of the year,” said Chairman and CEO Rodney Smith. “In the near future, the Company believes that its results of operations may be favorably affected by the government stimulus package which is geared toward infrastructure spending.”