Smith-Midland Corporation announced its first quarter results for the period ended March 31, 2025, on July 10, 2025. The company reported a 35 percent increase in revenue, reaching $22.7 million compared to the prior-year first quarter. This marks a strong start to the fiscal year.
Net income for the quarter significantly increased to $3.3 million, or $0.62 per diluted share, representing a near tripling from $1.1 million or $0.21 per diluted share in Q1 2024. Operating income also saw a substantial rise, reaching $4.4 million from $1.5 million in the comparable prior-year period.
The company's gross margin improved by 740 basis points to 30.7 percent. This indicates enhanced profitability and efficient cost management. The strong performance reflects robust demand for its products and services.
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