This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

SMC Announces Financial Results For The Quarter Ended September 30, 2010

Smith-Midland Corporation (OTCBB:SMID) announced the Company reported total revenue of approximately $9.0 million for the three months ended September 30, 2010, and pre-tax earnings of $1.4 million, as compared to total revenue of $7.6 million and pre-tax earnings of $763,000 for the same period in 2009. The Company had net income of $901,000 for the three months ended September 30, 2010, as compared to net income of $491,000 for the same period in 2009. Fully diluted earnings per share were $.19 for the three months ended September 30, 2010 and $.10 for the same period in 2009.

For the nine months ended September 30, 2010, the Company reported total revenue of $23.0 million and pre-tax earnings of $3.1 million as compared to total revenue of $24.3 million and pre-tax earnings of $3.5 million for the same period in 2009. The Company had net income of $1.9 million for the nine months ended September 31, 2010, as compared to net income of $2.1 for the same period in 2009. Fully diluted earnings per share were $.40 for the nine months ended September 30, 2010 and $.45 for the same period in 2009.

Rodney Smith, Chairman and CEO, said, “Smith-Midland is pleased to report excellent earnings for the three and nine months periods ended September 30, 2010. Having just recently celebrated our 50 th anniversary as a leading provider of precast products in North America, we expect to continue on our strong earnings trend throughout the remainder of 2010. The Company’s significant profitability is a result of its commitment to R&D, product diversification and its lean manufacturing initiative. Our earnings set us apart at a time when the precast industry, as a whole, is struggling.”

Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs