 MIDLAND, VA ACCESSWIRE March 30, 2021 Smith-Midland Corporation NASDAQ:SMID provider of innovative, high-quality proprietary and patented precast concrete products and systems today announced fourth quarter and year-end results for 2020. Fourth Quarter 2020 Highlights Pre-tax income for the fourth quarter 2020 grew to 1.3 million compared to 1.0 million in fourth quarter 2019 Net income remained strong year over year despite a slight reduction in revenues in the fourth quarter 2020 compared to the same period in 2019 Full Year 2020 Highlights Diluted earnings per share increased an impressive 34 percent to 0.51 for full year 2020 compared to 0.38 for fiscal 2019 Net income increased 37 percent for full year 2020 compared to 2019 Revenues for full year 2020 totaled 43.8 million compared to 46.7 million in 2019 Barrier rental revenues increased 176 percent in 2020 compared to 2019 Gross margin, excluding royalties, increased to 22 percent in 2020 compared to 18 percent the prior year I am extremely impressed with Smith-Midlands performance and ability to grow our earnings during such a pivotal year. 