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Smith Midland Corporation
Smith Midland Corporation, ticker symbol SMID, is a public company that trades on the over-the-counter (OTC) market in the USA. The company operates in the construction industry, specifically in the manufacturing and sales of precast concrete products.
According to the latest financial data available, Smith Midland Corporation reported revenue of $23.4 million in the year 2020, representing a decrease of 10.3% compared to the previous year. The company's net income for the year was $1.7 million, or $0.31 per share, compared to a net income of $2.0 million, or $0.37 per share, in the previous year.
In terms of growth, Smith Midland Corporation has been consistently growing its revenue over the past five years, with a compound annual growth rate (CAGR) of 6.1% from 2016 to 2020. However, the company's net income has been more volatile over the same period, with a CAGR of -2.3% from 2016 to 2020.
It is worth noting that Smith Midland Corporation's financial performance may be impacted by a variety of factors, including industry trends, economic conditions, and competitive pressures. As with any investment, it is important to thoroughly research and evaluate the company's financial health, business model, and future prospects before making an investment decision.
Smith Midland Corporation also pays dividends to its shareholders. In the last twelve months, the company has paid out $0.24 per share in dividends.
Smith Midland Corporation operates in a competitive market and faces competition from other companies in the precast concrete industry. The company's success depends on its ability to innovate, maintain strong relationships with its customers, and effectively manage its costs and operations. Overall, Smith Midland Corporation appears to be a stable company with a consistent track record of revenue growth, although its net income has been more volatile. As with any investment, potential investors should carefully review the company's financial statements and other relevant information before making an investment decision.