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Smith-Midland Awarded $5M SlenderWall Contract for FBI Project

1. Smith-Midland awarded $5M contract for FBI dormitory renovations utilizing SlenderWall. 2. Production starts June 2025, impacting SMID's revenue outlook positively.

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FAQ

Why Bullish?

The $5M contract adds substantial revenue, similar to past successful projects that boosted SMID's stock.

How important is it?

The contract enhances visibility and market prospects, reflecting positively on SMID's growth trajectory.

Why Short Term?

Revenue recognition from the contract will begin in the next fiscal year, providing immediate financial benefits.

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FBGICTOS
Smith-Midland to Produce SlenderWall for FBI Dorm Re-Cladding Project in Virginia MIDLAND, VA / ACCESS Newswire / April 3, 2025 / Smith-Midland Corporation (NASDAQ:SMID), a provider of innovative, high-quality proprietary and patented precast concrete products and systems, has been selected to produce more than $5M of SlenderWall and architectural precast concrete panels for existing dormitories at the Federal Bureau of Investigation (FBI) in Quantico, Virginia. Production of SlenderWall, Smith-Midland's high-performance, lightweight precast concrete cladding system, is set to begin in June 2025 at the company's Virginia plant, with installation slated for October 2025.

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