Smith-Midland Corporation has announced its financial results for the first quarter of 2025, highlighting a substantial increase in revenue and net income. The company reported a 35% rise in revenue, reaching $22.7 million compared to the same period last year. Net income nearly tripled, amounting to $3.3 million, or $0.62 per diluted share, up from $1.1 million, or $0.21 per diluted share, in the first quarter of 2024. The significant growth in revenue and net income was attributed to a special barrier project and a 27% increase in Soundwall sales. The company has experienced four consecutive quarters with revenue exceeding $20 million. Smith-Midland's operating income also saw a notable improvement, increasing to $4.4 million from $1.5 million in the prior-year quarter. Looking ahead, Smith-Midland anticipates continued momentum driven by infrastructure spending at various government levels for road projects and other precast concrete products. The company is optimistic about opportunities related to its barrier products and plans to expand sales efforts for its SlenderWall and Easi-Set precast concrete products. As of March 31, 2025, Smith-Midland reported $9.0 million in cash, $23.8 million in account receivables, and $4.9 million in debt.