17 April 2026
Disclaimer: This is a simplified summary of a public company filing. See full disclaimer here.
SMITH MIDLAND CORP
CIK: 924719•3 Annual Reports•Latest: 2026-04-14
10-K / April 14, 2026
Revenue:$93,446,000
Income:$12,506,000
10-K / May 27, 2025
Revenue:$78,508,000
Income:$7,675,000
10-K / May 23, 2024
Revenue:$59,580,000
Income:$795,000
10-K / April 14, 2026
Smith-Midland Corporation
Overview
- Designs, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems.
- Primary markets include construction, highway, utilities, and farming industries.
- Six wholly owned subsidiaries:
- Smith-Midland Corporation (Virginia)
- Smith-Carolina Corporation (North Carolina)
- Smith-Columbia Corporation (South Carolina)
- Easi-Set Industries, Inc. (Virginia) doing business as Easi-Set Worldwide
- Concrete Safety Systems, Inc. (Virginia)
- Midland Advertising and Design, Inc. (Virginia) doing business as Midland Advertising + Design
People and facilities
- Total employees (as of March 3, 2026): 285
- 179 full-time
- 9 part-time
- 97 contract labor
- Geographic distribution:
- Midland, Virginia facility: 186
- Reidsville, North Carolina facility: 46
- Hopkins (Columbia), South Carolina facility: 53
- Labor relations: No employees are represented by labor organizations and there are no known organizing activities.
Products and services
Core product families and offerings:
- SlenderWall® — proprietary, lightweight exterior wall cladding system (steel frame with precast concrete, integrated insulation and multiple finishes)
- Sierra Wall™ — precast concrete sound/sight barrier that can function as a reinforced retaining wall
- J-J Hooks® Highway Safety Barrier — positively connected barrier system with patented end connectors and multiple crash-test approvals
- Easi-Set® and Easi-Span® — transportable and expandable precast concrete buildings
- SoftSound™ — sound-absorptive finish for sound barriers
- Beach Prisms™ — shoreline erosion control modules using a “soft” approach to coastal protection
- H2Out™ — caulk-joint secondary drainage and leak-detection system for panelized exterior cladding
- Easi-Set Utility Vaults — precast underground utility vaults
- Other precast products: cattleguards, water and feed troughs, custom architectural surfaces, generic highway sound barriers, retaining walls, and utility vaults
Licensing and distribution
- Easi-Set Industries, a wholly owned subsidiary, manages licensing for the company’s products.
- Approximately 70 licensing agreements: about 57 in the United States, 7 in Canada, plus licenses in New Zealand, Australia, Belgium, Mexico, and Trinidad.
- Licensing revenue model includes upfront training/administration fees, ongoing royalties (typically 4–6% of net sales), and co-op advertising fees for Easi-Set/Easi-Span and SlenderWall licensees.
- Licenses grant manufacturing rights and distribution for proprietary products both domestically and internationally.
Markets and customers
- Primary customers are general contractors and federal, state, and local transportation authorities across the Mid-Atlantic, Northeastern, Midwestern, and Southeastern United States.
- The precast concrete market is cyclical and influenced by construction activity, weather, financing, and public funding, with substantial reliance on government contracts and budgets.
- Licensing customers include precast manufacturers in multiple countries through the company’s licensing program.
Intellectual property and regulatory
- Intellectual property portfolio includes patents, trade secrets, trademarks, trade dress, copyrights, crash tests, and other proprietary processes and systems.
- Protections and approvals:
- Patents on certain products (some have expired); the company pursues additional testing and patent filings as appropriate.
- U.S. design protection and trade dress protection for the “end taper” on J-J Hooks barriers.
- FHWA and state DOT approvals for barrier systems and other products.
- Regulatory environment: products and services are delivered under contracts with federal and state agencies; approvals and inspections can affect project timelines and payments.
- Environmental and safety: subject to OSHA and environmental regulations; the company maintains a workplace safety program and manages citations and remediation as needed.
Manufacturing, facilities, and capacity
- Midland, Virginia facility
- Facility: 44,000 sq ft on roughly 58 acres (owned)
- Equipment and features: two concrete mixers, one concrete blender, two environmentally controlled casting areas, three batch plants, form fabrication shop, welding/metal fabrication, carpentry, quality control, reinforced fabrication area (~8,000 sq ft)
- Additional storage: 19-acre storage yard for rental barriers
- Reidsville, North Carolina facility
- Facility: 30,000 sq ft on 46 acres (owned)
- Expansion completed in 2024, doubling the facility’s size
- Additional NC site: an 8,000 sq ft plant on 10 acres remains in operation
- Hopkins (Columbia), South Carolina facility
- Production space: ~40,000 sq ft on 39 acres (owned)
- Supports territorial coverage from the Atlantic Coast to northern Florida
- Current facilities meet the company’s operational needs.
Key points
- Diverse product portfolio within precast concrete and related systems.
- International licensing program with worldwide reach through Easi-Set.
- Multi-state manufacturing footprint with substantial land ownership.
- Business activities include manufacturing, installation, and licensing, supported by proprietary technology, regulatory approvals, and active safety compliance.
