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SMID Q2 Earnings Drop Y/Y on Tough Barrier Project Comparison

Source: zacks.com

Corporate EarningsCompany FundamentalsInfrastructure & DefenseTechnology & Innovation
SMID Q2 Earnings Drop Y/Y on Tough Barrier Project Comparison

Smith-Midland reported Q2 revenues and earnings down year over year, attributing the drop partly to a difficult year-ago comparison. Offsetting the weakness, backlog rose and management cited resilience in data-center and infrastructure demand. Net takeaway is cautious but not a deterioration signal given improving backlog trends.

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