Smith-Midland's Q2 revenues and earnings decline y/y on a tough year-ago barrier comparison, while backlog rises and data-center and infrastructure demand remain firm.
Smith-Midland NASDAQ: SMID outlined growth opportunities in highway safety barriers, infrastructure construction, utility projects and prefabricated building systems during a company presentation led by Chief Executive Officer Ashley Smith and Chief Financial Officer Dominic Hunter.
I initiate coverage of the Bushido Capital US SMID Cap Equity ETF with a Hold rating. With 80 equities in the basket, IT-heavy RNIN sports a strong factor mix with a GARP tilt and decent quality, which welcomes a constructive stance. Since its inception, RNIN has been doing excellently, beating the market proxied with IVV, as well as IJR, IJH, IWM, and a few other prominent names.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Kevin Kroskey True Wealth Design LLC | 1 | $32 | $27.14 | -$4.86 | -15.19% |
Christopher C. Powers Farther Finance Advisors, LLC | 1 | $29 | $27.14 | -$1.86 | -6.41% |
Mark Schafer Police & Firemen's Retirement System of New Jersey | 1,040 | $46,238 | $28,225.6 | -$18,012.4 | -38.96% |
| Construction Materials Industry | Materials Sector | Ashley Smith CEO | NASDAQ (CM) Exchange | 832156103 CUSIP |
| US Country | 184 Employees | 3 Jan 2020 Last Dividend | - Last Split | 13 Dec 1995 IPO Date |
Founded in 1960 and based in Midland, Virginia, Smith-Midland Corporation operates through its subsidiaries to bring innovative solutions to the construction, highway, utilities, and farming industries. Specializing in the invention, development, manufacture, marketing, leasing, licensing, sale, and installation of precast concrete products and systems, the company has established itself as a leader in its field. It markets its products primarily to contractors involved in public and private construction projects, including commercial buildings, roads, highways, airports, and municipal utilities. In addition, federal, state, and local transportation authorities form a significant part of their clientele. Smith-Midland Corporation holds several proprietary products that it licenses not only in the United States but also in Canada, Australia, Belgium, Mexico, New Zealand, and Trinidad, emphasizing its global footprint in the industry.