Smith-Midland(US:SMID) Accessnewswireยท2025-11-14 00:25Core Insights - Smith-Midland Corporation reported a revenue of $21.5 million for Q3 2025, a decrease from $23.6 million in the prior-year quarter [1] - Product sales increased by 11 percent to $11.9 million compared to the same quarter last year [1] - Gross margin decreased to 26.8% from 27.9% year-over-year [1] - Operating income fell to $3.6 million from $3.8 million in the prior-year quarter [1] - Net income was reported at $2.9 million, or $0.54 per diluted share, down from $3.2 million and $0.59 per diluted share in the previous year [1] Financial Performance - Revenue: $21.5 million in Q3 2025 vs. $23.6 million in Q3 2024 [1] - Product Sales: Increased by 11% to $11.9 million [1] - Gross Margin: 26.8% in Q3 2025 vs. 27.9% in Q3 2024 [1] - Operating Income: $3.6 million in Q3 2025 vs. $3.8 million in Q3 2024 [1] - Net Income: $2.9 million in Q3 2025 vs. $3.2 million in Q3 2024 [1]