0000924719-12-000011.txt : 20120418 0000924719-12-000011.hdr.sgml : 20120418 20120418083647 ACCESSION NUMBER: 0000924719-12-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120416 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120418 DATE AS OF CHANGE: 20120418 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: 12764991 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-20120416x8k.htm SMID-2012.04.16-8K


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): April 16, 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 April 16, 2012, Smith-Midland Corporation issued a press release announcing its financial results for the year ended December 31, 2011.
 
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 April 16, 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 16, 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
April 16, 2012

Exhibit No
Exhibit Description
99.1
Press release, dated April 16, 2012



EX-99.1 2 smid-20120416xex991.htm PRESS RELEASE SMID-2012.04.16-Ex99.1


Exhibit 99.1


News > Smith-Midland > Financial > 2011 Results
April 16, 2012

SMC Announces Financial Results for the Year Ended December 31, 2011

MIDLAND, Va. - Smith-Midland Corporation (OTCBB: SMID) announced the company reported total revenue of approximately $26.7 million for 2011 as compared to $31.7 million for 2010, a decrease of approximately $5.0 million, or 16%. The pre-tax loss for 2011 was approximately $488,000 compared to pre-tax income of $3.9 million for 2010, or a decrease of $4.3 million. The Company had a net loss of approximately $352,000 for 2011, as compared to net income of approximately $2.4 million in 2010, a decrease of $2.8 million. The basic and diluted loss per share was $.07 for 2011, while basic and diluted earnings per share were $.51 and $.50, respectively, in 2010.

Rodney Smith, Chairman and CEO stated, “2010 and 2009 were record breaking years for the Company with respect to sales and net income, while 2011 was disappointing at best. The Company started the year in a profitable manner, however, this gave way to losses in the second half of the year due to major project delays. From a positive perspective, the Company was able to minimize its losses with its lean initiatives, its product diversity and management's ability to reduce certain expenses to be more in line with production levels. With the economy slowly improving, we expect in 2012 to see sales pick up gradually during the year. We are operating the Company with a near term goal of returning to profitability as quickly as possible and with our 25 year goals clearly in front of us.”

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.



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