In a compelling stride towards financial excellence, Smith-Midland Corporation (NASDAQ: SMID), a trailblazer in the precast concrete sector with a market cap of $160 million—has named Dominic L. Hunter as its new Chief Financial Officer. This strategic appointment took effect on Monday and signals a fresh phase in the company’s journey toward sharper fiscal strategy and robust growth.
Armed with over 20 years of seasoned leadership, Hunter steps into the role with a storied background, having previously held high-ranking financial posts at SRA International and O’Gara-Hess & Eisenhardt Armoring Company. His tenure in these roles molded his acumen in financial stewardship, setting the stage for transformative leadership at Smith-Midland.
“I am thrilled to join Smith-Midland at such a pivotal time in its evolution,” shared Hunter. “Together with the team, I look forward to unlocking growth opportunities and enhancing financial performance to deliver value to our customers, employees, and shareholders.”
Hunter, a proud graduate of the University of Virginia’s McIntire School of Commerce, is also a Certified Public Accountant and a veteran intelligence analyst with service in the United States Army and 29th Infantry Division of the National Guard. His rich tapestry of experience blends analytical rigor with strategic foresight—an embodiment of leadership and integrity that echoes Smith-Midland’s core values.
Ashley B. Smith, CEO of Smith-Midland, expressed strong faith in Hunter’s capabilities, citing his “proven track record” and deep understanding of both financial systems and industry dynamics.
While Hunter’s responsibilities will encompass accounting, treasury, investor relations, and financial reporting, his broader mandate is to anchor Smith-Midland’s long-term strategy and position it for sustainable, scalable success.
Despite recent challenges including a delay in the company’s 2024 annual report submission that led to a Nasdaq non-compliance notice—Smith-Midland remains on solid footing. The company has up to 60 days to submit a compliance plan, with the possibility of an extension to October 13, 2025, if the plan is accepted.
Encouragingly, revenue projections for 2024 stand between $77 and $79 million, marking a 31% year-over-year rise, largely propelled by booming sales of Soundwall, utility products, and increased demand in barrier rental services.
On the project front, the company has landed a $5+ million contract to produce SlenderWall architectural panels for FBI dormitories in Quantico, Virginia. In collaboration with BL Harbert Construction, production is scheduled for June 2025, with installation by October, promising both aesthetic and structural enhancements to the facility.
With three manufacturing plants, a rental arm, and the global licensing success of Easi-Set Worldwide, Smith-Midland continues to reshape skylines while building on a foundation of innovation and reliability.
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