Smith-Midland Corporation reported a significant increase in its financial performance for the fiscal year ending December 31, 2024. The company achieved a net income of $7.675 million, a substantial increase from the $0.795 million reported in 2023. Total revenue rose by $18.928 million, reaching $78.508 million in 2024, compared to $59.580 million in 2023, marking a 32% growth. This revenue growth was driven mainly by increased sales in barrier rentals, shipping and installation, and utility products. Operating income also saw a notable rise, reaching $9.899 million for 2024, compared to $1.118 million in 2023, reflecting an increase of $8.781 million or 785%. This improvement was attributed to higher revenues, a decrease in the cost of sales as a percentage of revenue, and stable operating expenses relative to revenue. The company reported an income tax expense of $2.143 million for 2024, up from $0.528 million in 2023. The effective tax rate decreased to 21.7% in 2024 from 40.0% in the previous year. Smith-Midland's strategy includes plans to enhance SlenderWall sales and barrier rentals through additional sales associates and increased advertising spending. However, no specific outlook or guidance for future periods was provided in the release.