0000924719-12-000025.txt : 20120814 0000924719-12-000025.hdr.sgml : 20120814 20120814164547 ACCESSION NUMBER: 0000924719-12-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120810 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120814 DATE AS OF CHANGE: 20120814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMITH MIDLAND CORP CENTRAL INDEX KEY: 0000924719 STANDARD INDUSTRIAL CLASSIFICATION: CONCRETE PRODUCTS, EXCEPT BLOCK & BRICK [3272] IRS NUMBER: 541727060 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13752 FILM NUMBER: 121033743 BUSINESS ADDRESS: STREET 1: ROUTE 28 STREET 2: P O BOX 300 CITY: MIDLAND STATE: VA ZIP: 22728 BUSINESS PHONE: 5404393266 MAIL ADDRESS: STREET 1: RT 28 STREET 2: PO BOX 300 CITY: MIDLAND STATE: VA ZIP: 22728 8-K 1 smid-2012x08x14x8xk.htm SMID-2012-08-14-8-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 

 FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
 

Date of Report (Date of Earliest Event Reported): August 10, 2012
 
 

SMITH-MIDLAND CORPORATION
(Exact Name of Registrant as Specified in Charter)
 
 

Delaware
(State or Other Jurisdiction of Incorporation)
1-13752
(Commission File Number)
54-1727060
(I.R.S. Employer Identification Number)

P.O. Box 300, 5119 Catlett Road
Midland, Virginia 22728
(Address of principal executive offices)
 
 

 (504) 439-3266
(Registrant’s telephone number, including area code)
 
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))








ITEM 2.02
Results of Operations and Financial Condition

On August 10, 2012, Smith-Midland Corporation issued a press release announcing its financial results for the six months ended June 30, 2012.
 
A copy of the press release is attached hereto as Exhibit 99.1.
 
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS

(d)           Exhibits

Exhibit No
Exhibit Description
99.1
Press release, dated August 10, 2012

The information filed as an exhibit to this Form 8-K is being furnished in accordance with Item 2.02 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.









SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date:  April 14, 2012
 
 
SMITH-MIDLAND CORPORATION
 
 
 
By: /s/ William A. Kenter
 
William A. Kenter
Chief Financial Officer









SMITH-MIDLAND CORPORATION
Exhibit to Current Report on Form 8-K
August 10, 2012

Exhibit No
Exhibit Description
99.1
Press release, dated August 10, 2012




EX-99.1 2 smid-20120810xexhibitx991x.htm PRESS RELEASE SMID-2012.08.10-Exhibit-99.1-8-K


Exhibit 99.1


News > Smith-Midland > Financial > June 2012 Results
August 13, 2012

SMC Announces Financial Results for the Quarter Ended June 30, 2012

MIDLAND, Va. - Smith-Midland Corporation (OTCBB: SMID) announced total revenue of $6.6 million and a pre-tax earnings of $695,000 for the three months ended June 30, 2012, as compared to total revenue of $7.1 million and pre-tax earnings of $400,000 for the same period in 2011. The Company had net income of $424,000 for the three months ended June 30, 2012, as compared to net income of $255,000 for the same period in 2011. The fully diluted earnings per share were $.09 for the three months ended June 30, 2012 and the fully diluted earnings per share was $.05 for the same period in 2011.

The Company reported total revenue of $12.6 million and pre-tax earnings of $470,000 for the six months ended June 30, 2012, as compared to total revenue of $14.8 million and pre-tax earnings of $690,000 for the same period in 2011. The Company had net income of $296,000 for the six months ended June 30, 2012, as compared to net income of $442,000 for the same period in 2011. The fully diluted earnings per share were $.06 for the six months ended June 30, 2012 and the fully diluted earnings per share was $.09 for the same period in 2011.

Rodney Smith, Chairman and CEO stated, “The Company's improved performance for the second quarter of 2012 was due in part to managements' ability to successfully react to a weak but improving construction industry outlook. We reported in the first quarter, to offset potential losses in 2012, the Company enacted layoffs and salary reductions at its main production facility in Midland, VA. This action was one of the primary reasons for the profits earned in the second quarter of 2012. Another reason for these profits was management's ability to find new sources of revenue such as the contract awarded to Smith-Midland for installation and removing concrete safety barrier for the NATO Summit in Chicago, IL in May 2012. We will continue to have Company profitability and our shareholders interest as our highest priority as we execute our goal of running Smith Midland leaner and stronger each day for where we want to be in 25 years - remember Warren Buffets instructions to Tony Nicely at Geico, from my third quarter of 2011 press release.

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

This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from the results discussed in the forward-looking statements. Factors which 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, general business and economic conditions, 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.

For more complete information on Smith-Midland Corporation, visit the Company's web site at SMITHDELAWARE.com. The “Investor Relations” area will include the Company's Form 10-K for the fiscal year December 31, 2011.

Media Inquiries:
William A. Kenter
wkenter@smithmidland.com
Sales Inquiries:
info@smithmidland.com