Smith-Midland Q2 FY26 net income drops 66.67% to $1.4 million; revenue falls 10.69% to $23.4 million

Reuters2026/08/14 20:07

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Smith-Midland posted Q2 2026 revenue of $23.4 million, down 10.69% year over year.
Net income fell to $1.4 million, or $0.26 per diluted share, from $4.2 million and $0.79.
Gross margin narrowed 6.5 percentage points to 23.2%, due to a higher-margin special barrier rental project in Q2 2025.
Backlog rose to $57.4 million as of Aug. 1, up 19% from the prior quarter.
Post-quarter awards included a $10 million I-81 contract, a $1.7 million Louisiana data center project, and nearly $1 million in Virginia utility vaults.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smith-Midland Corporation published the original content used to generate this news brief on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Smith-Midland Q2 FY26 net income drops 66.67% to $1.4 million; revenue falls 10.69% to $23.4 million

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