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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

SMC Announces Financial Results For The Quarter Ended June 30, 2012

Smith-Midland Corporation (OTCBB: SMID) announced total revenue of $6.6 million and a pre-tax earnings of $695,000 for the three months ended June 30, 2012, as compared to total revenue of $7.1 million and pre-tax earnings of $400,000 for the same period in 2011. The Company had net income of $424,000 for the three months ended June 30, 2012, as compared to net income of $255,000 for the same period in 2011. The fully diluted earnings per share were $.09 for the three months ended June 30, 2012 and the fully diluted earnings per share was $.05 for the same period in 2011.

The Company reported total revenue of $12.6 million and pre-tax earnings of $470,000 for the six months ended June 30, 2012, as compared to total revenue of $14.8 million and pre-tax earnings of $690,000 for the same period in 2011. The Company had net income of $296,000 for the six months ended June 30, 2012, as compared to net income of $442,000 for the same period in 2011. The fully diluted earnings per share were $.06 for the six months ended June 30, 2012 and the fully diluted earnings per share was $.09 for the same period in 2011.

Rodney Smith, Chairman and CEO stated, “The Company’s improved performance for the second quarter of 2012 was due in part to management’s ability to successfully react to a weak but improving construction industry outlook. We reported in the first quarter, to offset potential losses in 2012, the Company enacted layoffs and salary reductions at its main production facility in Midland, VA. This action was one of the primary reasons for the profits earned in the second quarter of 2012. Another reason for these profits was management’s ability to find new sources of revenue such as the contract awarded to Smith-Midland for installation and removing concrete safety barrier for the NATO Summit in Chicago, IL in May 2012. We will continue to have Company profitability and our shareholders interest as our highest priority as we execute our goal of running Smith-Midland leaner and stronger each day for where we want to be in 25 years - remember Warren Buffet’s instructions to Tony Nicely at Geico, from my third quarter of 2011 press release.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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