Smith-Midland Corp announces Q3 earnings per share of 54 cents, down from 59 cents a year ago.
Q3 Revenue Performance: The company reported Q3 revenue of $21.5 million, down from $23.6 million the previous year, with product sales increasing by 11% compared to last year.
CEO Insights: CEO Ashley Smith highlighted ongoing demand for infrastructure projects, including highways and data centers, as key drivers for future growth, despite last year's higher-margin special projects.
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First Trust SMID ETF Net Asset Value Update
- Fund Code and Issuance Info: The First Trust SMID Rising Dividend Achievers UCITS ETF is identified by the code SDVI.LN, with a total of 340,361 shares issued, indicating the fund's active presence in the market.
- Net Asset Value: As of January 29, 2026, the fund's net asset value (NAV) stands at $1,112,459.17, showcasing its appeal and performance among investors.
- NAV per Share: The fund's NAV per share is $27.563, reflecting its stability and potential returns in the small-cap and high-dividend stock investment sector.
- Market Dynamics: This update is sourced from Business Wire, highlighting First Trust Global Funds PLC's commitment to transparency and information disclosure, which helps to bolster investor confidence.
SMID Stock Declines Following Disappointing Q3 Earnings and Weaker Rental Performance
Stock Performance: Smith-Midland Corporation's shares have declined 12.7% following its quarterly results, underperforming the S&P 500 Index, primarily due to lower service revenues and a decrease in barrier rental activity compared to the previous year.
Quarterly Financials: The company reported third-quarter revenues of $21.5 million, down from $23.6 million a year earlier, with net income at $2.9 million. Product sales increased by 11%, but service revenues, particularly from barrier rentals, saw significant declines.
Management Outlook: Despite the challenges, management remains optimistic about future growth, citing strong demand for infrastructure projects and the potential for increased product sales, particularly in soundwalls and SlenderWall products.
Operational Developments: Smith-Midland's backlog decreased to $54.8 million, and the company reported an arbitration settlement that positively impacted its expenses. However, no new acquisitions or restructuring actions were disclosed during the quarter.
Leading Analyst Insights on Netflix, Salesforce, and Shell
Zacks Research Daily Highlights: The report features research on 16 major stocks, including Netflix, Salesforce, and Shell, along with insights on micro-cap stocks like Investors Title and Smith-Midland, emphasizing unique research on smaller companies.
Netflix's Growth Strategy: Netflix has outperformed its industry with a growing subscriber base and a strong content portfolio, while facing competition from other streaming services. The company aims to double its revenues by 2030.
Salesforce's Market Position: Despite underperforming in its sector, Salesforce benefits from digital transformation trends and international market growth, with a focus on generative AI to drive future revenue growth.
Shell's Financial Performance: Shell has shown resilience with cost savings and a disciplined capital strategy, but faces challenges from falling revenues and a slower transition to renewables, leading to a cautious investment outlook.
Validea Peter Lynch Strategy Daily Upgrade Report - 5/31/2025
NL Industries Inc. Rating Update: The stock rating for NL Industries Inc. improved from 81% to 100% based on its strong fundamentals and valuation, indicating significant interest according to Peter Lynch's investment strategy.
Smith-Midland Corp. Rating Update: Smith-Midland Corp.'s rating increased from 0% to 87%, reflecting positive changes in the company's fundamentals and valuation, which also suggests considerable interest under the same investment strategy.
Smith-Midland Appoints Dominic Hunter As CFO
New Appointment: Smith-Midland Corp. has appointed Dominic Hunter as Chief Financial Officer, effective April 17, 2025.
Experience Background: Hunter brings over 20 years of financial leadership experience, including roles at SRA International and as CFO of O'Gara-Hess & Eisenhardt Armoring Company.
Smith-Midland Reports Record Q3 2024 Revenue
Q3 Earnings Report: Smith-Midland Corporation reported record revenue of $23.6 million in Q3 2024, a 51% increase from the previous year, driven by strong service revenue and increased demand for barrier rentals and utility vaults.
Future Outlook: The company is optimistic about sustaining growth due to ongoing U.S. infrastructure initiatives, despite inflationary pressures, and has a strong backlog of $62.8 million to support its strategic initiatives.
First Trust SMID ETF Net Asset Value Update
- Fund Code and Issuance Info: The First Trust SMID Rising Dividend Achievers UCITS ETF is identified by the code SDVI.LN, with a total of 340,361 shares issued, indicating the fund's active presence in the market.
- Net Asset Value: As of January 29, 2026, the fund's net asset value (NAV) stands at $1,112,459.17, showcasing its appeal and performance among investors.
- NAV per Share: The fund's NAV per share is $27.563, reflecting its stability and potential returns in the small-cap and high-dividend stock investment sector.
- Market Dynamics: This update is sourced from Business Wire, highlighting First Trust Global Funds PLC's commitment to transparency and information disclosure, which helps to bolster investor confidence.
SMID Stock Declines Following Disappointing Q3 Earnings and Weaker Rental Performance
Stock Performance: Smith-Midland Corporation's shares have declined 12.7% following its quarterly results, underperforming the S&P 500 Index, primarily due to lower service revenues and a decrease in barrier rental activity compared to the previous year.
Quarterly Financials: The company reported third-quarter revenues of $21.5 million, down from $23.6 million a year earlier, with net income at $2.9 million. Product sales increased by 11%, but service revenues, particularly from barrier rentals, saw significant declines.
Management Outlook: Despite the challenges, management remains optimistic about future growth, citing strong demand for infrastructure projects and the potential for increased product sales, particularly in soundwalls and SlenderWall products.
Operational Developments: Smith-Midland's backlog decreased to $54.8 million, and the company reported an arbitration settlement that positively impacted its expenses. However, no new acquisitions or restructuring actions were disclosed during the quarter.
Leading Analyst Insights on Netflix, Salesforce, and Shell
Zacks Research Daily Highlights: The report features research on 16 major stocks, including Netflix, Salesforce, and Shell, along with insights on micro-cap stocks like Investors Title and Smith-Midland, emphasizing unique research on smaller companies.
Netflix's Growth Strategy: Netflix has outperformed its industry with a growing subscriber base and a strong content portfolio, while facing competition from other streaming services. The company aims to double its revenues by 2030.
Salesforce's Market Position: Despite underperforming in its sector, Salesforce benefits from digital transformation trends and international market growth, with a focus on generative AI to drive future revenue growth.
Shell's Financial Performance: Shell has shown resilience with cost savings and a disciplined capital strategy, but faces challenges from falling revenues and a slower transition to renewables, leading to a cautious investment outlook.
Validea Peter Lynch Strategy Daily Upgrade Report - 5/31/2025
NL Industries Inc. Rating Update: The stock rating for NL Industries Inc. improved from 81% to 100% based on its strong fundamentals and valuation, indicating significant interest according to Peter Lynch's investment strategy.
Smith-Midland Corp. Rating Update: Smith-Midland Corp.'s rating increased from 0% to 87%, reflecting positive changes in the company's fundamentals and valuation, which also suggests considerable interest under the same investment strategy.
Smith-Midland Appoints Dominic Hunter As CFO
New Appointment: Smith-Midland Corp. has appointed Dominic Hunter as Chief Financial Officer, effective April 17, 2025.
Experience Background: Hunter brings over 20 years of financial leadership experience, including roles at SRA International and as CFO of O'Gara-Hess & Eisenhardt Armoring Company.
Smith-Midland Reports Record Q3 2024 Revenue
Q3 Earnings Report: Smith-Midland Corporation reported record revenue of $23.6 million in Q3 2024, a 51% increase from the previous year, driven by strong service revenue and increased demand for barrier rentals and utility vaults.
Future Outlook: The company is optimistic about sustaining growth due to ongoing U.S. infrastructure initiatives, despite inflationary pressures, and has a strong backlog of $62.8 million to support its strategic initiatives.
