Smith Midland
15 named things its latest annual report says its results depend on, each in the company's own words. 6 of them are also named by other companies we've read.
Customers
Precast concrete licensees
earns from · 4% to 6% of the net salesLicense royalties vary depending upon the product licensed, and typically range from 4% to 6% of the net sales of the licensed product.Business (Item 1)
Federal, state and local government building projects
earns fromnamed as a riskA substantial portion of the Company’s business is derived from local, state, and federal building projects, which are further dependent upon budgets and, in some cases, voter-approved bonds.Business (Item 1)
General contractors
earns fromThe Company’s precast product sales and barrier rental sales result primarily from the submission of estimates or proposals to general contractors who then include the estimates in their overall bids to various government agencies and other end users that solicit construction contracts through a competitive bidding process.Business (Item 1)
Also named by MYRG
Places
Canada
earns from · 7 in CanadaThe Company maintains approximately 70 licensing agreements, with 57 in the United States, 7 in Canada, and agreements in New Zealand, Australia, Belgium, Mexico and Trinidad.Business (Item 1)
Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more
Eastern United States
concentrated in · 450-mile radiusAlthough the Company advertises nationally, the Company’s precast subsidiaries marketing efforts are concentrated within a 450-mile radius from its facilities, which includes the majority of the eastern United States.Business (Item 1)
Midland, Virginia
operates in · 186As of March 3, 2026, the Company had a total of 285 employees, of which 179 are full-time, 9 are part-time, and 97 are contract labor, with 186 located at the Company’s Midland, Virginia facility, 46 are located at the Company’s facility in Reidsville, North Carolina and 53 are located at the Company’s facility in Hopkins (Columbia), South Carolina.Business (Item 1)
Reidsville, North Carolina
operates in · 46The Company believes that its plants in Midland, Virginia, Reidsville, North Carolina, and Hopkins (Columbia), South Carolina compete favorably with respect to each of these factors in the Mid-Atlantic and Southeastern regions of the United States.Business (Item 1)
Hopkins (Columbia), South Carolina
operates in · 53The Company believes that its plants in Midland, Virginia, Reidsville, North Carolina, and Hopkins (Columbia), South Carolina compete favorably with respect to each of these factors in the Mid-Atlantic and Southeastern regions of the United States.Business (Item 1)
Hazards
Ransomware incident (2025)
named as a riskWhile we have not experienced a material impact on our operations to date, with our systems being back online in a relatively short period of time and most out-of-pocket expenses covered by cyber insurance, the incident may expose us to regulatory inquiries or litigation.Cybersecurity (Item 1C)
Regulators
Occupational Safety and Health Administration (OSHA)
subject tonamed as a riskThe Company is currently addressing several OSHA citations and is working cooperatively with OSHA to resolve these matters.Business (Item 1)
Also named by BLDR, CSW, CTOS, ECG, FIX, GVA, HLIO, IBP and 7 more
Beach Prisms state and local approvals
subject tonamed as a riskState and local approvals are necessary for installation of the product, and the Company has experienced for several years challenges receiving approvals in their local markets.Business (Item 1)
Federal Highway Administration (FHWA)
subject toJ-J Hooks Barriers that meet NCHRP-350 and MASH requirements are deemed eligible by the FHWA for federal-aid reimbursement.Business (Item 1)
Also named by LNN
Laws and programs
AASHTO Manual for Assessing Safety Hardware (MASH)
subject to · 42 statesCurrently 42 states have approved the MASH restrained barrier and 42 states have approved the MASH free-standing design as an alternate to their state standard.Business (Item 1)
NCHRP-350
subject to · 42 statesJ-J Hooks NCHRP-350 free-standing barrier has been approved for use on state and federally funded projects by 42 states, plus Washington, D.C.Business (Item 1)