Exhibit 99.1


Smith-Midland Announces Second Quarter 2018 Results

MIDLAND, VA. - Smith-Midland Corporation (the Company) (OTCQX: SMID), which develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation and utilities industries, today announced results for the quarter ended June 30, 2018.

Second Quarter 2018 Results
The Company reported revenues of $9.83 million for the second quarter 2018, as compared to $10.73 million for the second quarter 2017. The pre-tax income for the second quarter of 2018 was $0.92 million compared to pre-tax income of $1.07 million in 2017, a decrease of $0.15 million. The Company had net income for the second quarter of 2018 in the amount of $0.69 million compared to net income of $0.71 million in 2017, a decrease of $0.02 million. The Company had an income tax expense in the second quarter 2018 in the amount of $0.23 million compared to income tax expense of $0.36 million in 2017, with a 9% rate decrease in 2018 due to the Tax Cuts and Jobs Act.

First Half 2018 Results
The Company reported revenues of $18.96 million for the first six months of 2018, as compared to $20.23 million for the first six months of 2017. The pre-tax income for the first six months of 2018 was $0.36 million compared to pre-tax income of $2.42 million in 2017, a decrease of $2.06 million. The Company had net income for the first six months of 2018 in the amount of $0.27 million compared to net income of $1.57 million in 2017, a decrease of $1.30 million. The Company had an income tax expense for the first six months of 2018 in the amount of $0.09 million compared to income tax expense of $0.85 million in 2017, with a 10% rate decrease in 2018 due to the Tax Cuts and Jobs Act.

CEO Commentary
Ashley Smith, CEO, commented, “The Company rebounded strong in the second quarter, from the first quarter of 2018, with major improvements in royalty revenues and gross margins. The accounting treatment for the guaranteed buy-back on our largest barrier order ever continues to impact current quarterly earnings as the deferral amount increased to $3.7 million. The Company began shipping product to the jobsite during the second quarter and expects full delivery of the order by the end of 2018. During this time period we will begin recognizing the revenue for this sizable project, which is expected to be completed in 2022.

“The Company’s backlog remains steady at $35.3 million to support sales into 2019. The current backlog does not include a major SlenderWall project, in which the Company is currently producing with month-to-month purchase orders as the contract is in the late stages of negotiations. This project will help showcase our ability to produce large-scale, design build, high-rise buildings to major developers and architects.

“Easi-Set Worldwide, our licensing company, had one of its strongest quarters ever. As we expected, infrastructure spending has increased and our innovative precast concrete products continue to be the most widely used and trusted products in the country. We are expecting 2018 to finish strong, as we continue to focus on increasing our licensee base.




The following information was filed by Smith Midland Corp (SMID) on Thursday, August 2, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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