Press Releases > Financial > 2007 Results

Smith-Midland Announces Results for the Year Ended Dec 31, 2007 as Compared to Prior Year

Midland, Va. - Smith-Midland Corporation (OTCBB and Boston Stock Exchange: SMID) announced the company reported total revenue of approximately $31.5 million for 2007, as compared to total revenue of approximately $29.4 million in 2006, an increase of approximately $2.1 million, or 7%. The Company had net income of approximately $1.3 million for 2007, as compared to a loss of $.8 million in 2006, an improvement of approximately $2.1 million.

As of March 28, 2008 the Company's production backlog was approximately $15.7 million (unaudited) as compared to approximately $8.1 million (unaudited) at the same time in 2007. Company has seen a significant increase in its Soundwall and structural product sales, including J-J Hooks Ô highway safety barrier and utility vaults, which have traditionally been some of the Company’s more profitable product lines.

For more complete information on Smith-Midland Corporation, visit the Company’s web site at SMITHMIDLAND.com. The “Investor Relations” area will include the Company’s Form 10-K.

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