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

Smith-Midland Corporation (OTCBB: SMID) announced total revenue of $7.5 million and pre-tax earnings of $984,000 for the three months ended September 30, 2012, as compared to total revenue of $6.1 million and a pre-tax loss of $631,000 for the same period in 2011. The Company had net income of $689,000 for the three months ended September 30, 2012, as compared to a net loss of $470,000 for the same period in 2011. The fully diluted earnings per share were $.14 for the three months ended September 30, 2012 and the fully diluted loss per share was $.10 for the same period in 2011.

The Company reported total revenue of $20.1 million and pre-tax earnings of $1,454,000 for the nine months ended September 30, 2012, as compared to total revenue of $20.9 million and pre-tax earnings of $60,000 for the same period in 2011. The Company had net income of $985,000 for the nine months ended September 30, 2012, as compared to a net loss of $27,000 for the same period in 2011. The fully diluted earnings per share were $.20 for the nine months ended September 30, 2012 and the fully diluted loss per share was $.01 for the same period in 2011.

Rodney Smith, Chairman and CEO stated, “As we reported in the first two quarters of 2012, to offset potential losses in 2012, the Company enacted layoffs and salary reductions at its main production facility in Midland, VA. In addition, the Company was in a unique position to provide barrier, installation and removal services for three jobs which included the NATO Summit in Chicago and the Republican and Democratic national conventions held in Tampa, FL and Charlotte, NC. There is virtually no other company in the United States that could have provided these services on such extremely short notice and with the expertise and knowledge required by these services.

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