SMC 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.
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PO Box 300 |
5119 Catlett Rd, Midland, VA 22728 |
540-439-3266 |
f: 540-439-1232 |
info@smithmidland.com
Copyright © 2007 Smith-Midland® Corporation. All rights reserved.
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