MIDLAND, VA / ACCESS Newswire / March 31, 2026 / Smith-Midland Corporation (NASDAQ:SMID) (the &#34;Company&#34;), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today

<p><strong id="dateline">MIDLAND, VA / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / March 31, 2026 / </strong>Smith-Midland Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SMID">SMID</a>) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that it has filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the late filing of its Annual Report on Form 10-K ("Form 10-K") for the year ended December 31, 2025. The company expects to file its Form 10-K on or before April 15, 2026.</p><p>The Company requires additional time to complete its financial reporting close process, including management's assessment of the Company's internal control over financial reporting, as to which material weakness existence will be made, and to gather information required to complete auditing procedures.</p><p>As previously announced in its March 23, 2026 press release, the company expects fourth quarter 2025 revenues to be approximately $22 to $24 million, compared to $18.5 million in the prior-year comparable quarter, primarily due to higher product sales and shipping and installation revenue. The Company also anticipates net income to be higher versus the fourth quarter of 2024. For the full year 2025, the Company expects revenue to be between $92 to $94 million, which would represent an 18% annual increase from 2024 at the midpoint, and anticipates record annual net income, subject to final adjustments.</p><p><strong>About Smith-Midland</strong></p><p>Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utility industries.</p><p>Smith-Midland Corporation has three manufacturing facilities in Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks<sup>&#xAE;</sup> Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall<sup>&#xAE;</sup>, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit <a rel="nofollow" href="https://pr.report/k9gw">www.smithmidland.com</a>.</p><p><strong>Forward-Looking Statements</strong></p><p>This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.</p><p>Additionally, the financial measures presented herein are a preliminary estimate, remain subject to our internal controls and procedures, and are subject to risks and unce1tainties. Any variation between the Company's actual financial results and the preliminary ranges set forth herein may be material.</p><p><strong>Investor Relations:</strong><br/>Steven Hooser<br/>Three Part Advisors, LLC<br/>(214) 872-2710</p><p><strong>SOURCE:</strong> Smith-Midland</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/industrial-and-manufacturing/smith-midland-announces-delayed-filing-of-2025-form-10-k-1153485'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1153485" width="0" height="0"/>

SMID

Smith-Midland Announces Delayed Filing of 2025 Form 10-K

Smith-Midland Delays Annual Report, Revenues and Growth Outlook Strong

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MIDLAND, VA / ACCESS Newswire / March 31, 2026 / Smith-Midland Corporation (NASDAQ:SMID) (the &amp;#34;Company&amp;#34;), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Smith-Midland Corporation is delaying its Form 10-K filing due to internal control assessments. However, the company projects significant revenue growth of 18% for 2025, suggesting strong operational performance and potential upside ahead.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Smith-Midland Corporation delays its Form 10-K filing.</li><li>Fourth quarter revenues estimated at $22-$24 million, up from $18.5 million.</li><li>Annual revenue expected to reach $92-$94 million, up 18% from 2024.</li><li>Company cites internal control assessments as a reason for the delay.</li><li>Net income projected to be higher compared to Q4 2024.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Smith-Midland Corporation (SMID)</strong>: Delays and strong revenue forecasts create a mixed outlook for investors.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This fits under &#039;Corporate Developments&#039; as it relates to regulatory compliance issues impacting financial reporting.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Delayed filings typically indicate financial inconsistencies that may spook investors.</li><li>Potential revenue growth could attract buyers, supporting share price recovery.</li><li>Net income increases may improve overall investor sentiment positively.</li><li>Internal control issues hint at possible risks that could temper enthusiasm.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Delayed Form 10-K filing is expected by April 15, 2026.</li><li>Q4 2025 revenue expected to be $22-$24 million.</li><li>2025 projected revenue range: $92-$94 million.</li><li>Expected 18% sales increase compared to 2024.</li><li>Net income projected to be higher than Q4 2024.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors may consider accumulating SMID shares on potential growth despite reporting delays.</p>
  </section>
</section>


<p><strong id="dateline">MIDLAND, VA / <a href='https://www.accessnewswire.com/'>ACCESS Newswire</a> / March 31, 2026 / </strong>Smith-Midland Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SMID">SMID</a>) (the "Company"), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, today announced that it has filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the late filing of its Annual Report on Form 10-K ("Form 10-K") for the year ended December 31, 2025. The company expects to file its Form 10-K on or before April 15, 2026.</p><p>The Company requires additional time to complete its financial reporting close process, including management's assessment of the Company's internal control over financial reporting, as to which material weakness existence will be made, and to gather information required to complete auditing procedures.</p><p>As previously announced in its March 23, 2026 press release, the company expects fourth quarter 2025 revenues to be approximately $22 to $24 million, compared to $18.5 million in the prior-year comparable quarter, primarily due to higher product sales and shipping and installation revenue. The Company also anticipates net income to be higher versus the fourth quarter of 2024. For the full year 2025, the Company expects revenue to be between $92 to $94 million, which would represent an 18% annual increase from 2024 at the midpoint, and anticipates record annual net income, subject to final adjustments.</p><p><strong>About Smith-Midland</strong></p><p>Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products and systems for use primarily in the construction, transportation, and utility industries.</p><p>Smith-Midland Corporation has three manufacturing facilities in Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks<sup>&#xAE;</sup> Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall<sup>&#xAE;</sup>, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit <a rel="nofollow" href="https://pr.report/k9gw">www.smithmidland.com</a>.</p><p><strong>Forward-Looking Statements</strong></p><p>This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the United States Government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our debt exposure, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.</p><p>Additionally, the financial measures presented herein are a preliminary estimate, remain subject to our internal controls and procedures, and are subject to risks and unce1tainties. Any variation between the Company's actual financial results and the preliminary ranges set forth herein may be material.</p><p><strong>Investor Relations:</strong><br/>Steven Hooser<br/>Three Part Advisors, LLC<br/>(214) 872-2710</p><p><strong>SOURCE:</strong> Smith-Midland</p><br/><br/>View the original <a href='https://www.accessnewswire.com/newsroom/en/industrial-and-manufacturing/smith-midland-announces-delayed-filing-of-2025-form-10-k-1153485'>press release</a> on ACCESS Newswire<br/><br/>
      <img src="https://app.accessnewswire.com/img.ashx?id=1153485" width="0" height="0"/>

Smith-Midland Corporation is delaying its Form 10-K filing due to internal control assessments. However, the company projects significant revenue growth of 18% for 2025, suggesting strong operational performance and potential upside ahead.

Smith-Midland Announces Delayed Filing of 2025 Form 10-K

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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