Smith-Midland Corporation.
SMID.US | Manufacture of articles of concrete, cement and plaster
Smith-Midland Corporation is a precast concrete company that designs, manufactures, and sells a broad array of precast concrete products. These products are used primarily in the construction, highway, utilities, and farming industries. The company's product line includes highway barriers, retaining...Show More
Better Health for All
0
The company's core products, precast concrete construction materials like highway barriers and sound walls, are not directly related to health outcomes, resulting in a neutral health impact.
1
Similarly, there is no revenue from products with direct health impacts, and the products do not carry health risks or require accessibility considerations for health needs.
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The J-J Hooks Barrier system is MASH TL3 approved for highway and street construction projects, indicating it meets safety standards for users, but no specific user harm rates are provided.
3
The company supports local nonprofits, including Boys & Girls Clubs, Habitat for Humanity, and schools, but no specific funding or reach data for health equity programs is provided.
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The company does not engage in healthcare-related R&D, workforce support, preventative measures, data management, crisis response, mental health initiatives, pharmaceutical patents, nutrition, health education, addiction mitigation, or clinical trials.
5
Fair Money & Economic Opportunity
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No evidence available to assess Smith-Midland Corporation on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
0
No evidence available to assess Smith-Midland Corporation on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
0
No specific, quantitative data points were found in the provided articles regarding fair trade certifications, supplier audit frequency, substantiated forced or child labor incidents, supply chain traceability coverage, remediation speed for violations, ethical sourcing clause coverage in supplier contracts, share of spend on high-risk materials, or procurement budget directed to diverse suppliers.
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While some articles mention policies or codes of conduct related to ethical sourcing
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and conflict minerals,
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they do not provide the measurable outcomes or percentages required by the rubric's KPIs.
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Honest & Fair Business
-30
The company has a Code of Ethics that includes an internal reporting mechanism for known or suspected misconduct to management or the Audit Committee, with a commitment not to retaliate for good faith reports.
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The Audit Committee is responsible for investigating violations and taking appropriate action.
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The company filed a Form 12b-25 with the SEC for the late filing of its 2024 Annual Report on Form 10-K, which was expected to be filed by April 15, 2025.
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This delay was attributed to material weaknesses in internal control over financial reporting, including issues with the control environment, risk assessment, monitoring, control activities, and information and communication.
4
The company's financial statements are audited by BDO USA, P.C., but the percentage of revenue or assets covered by this audit is not specified.
5
The company adopted a code of ethics that applies to senior officers and includes provisions for honest and ethical conduct, conflicts of interest, disclosure, and compliance with laws.
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The company reviews all related party transactions for potential conflicts of interest, and no such transactions met disclosure criteria for the year ended December 31, 2024.
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The company also has an insider trading policy.
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The company experienced a wire fraud incident in Q2 2023 and has been subject to cyber-related incidents.
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Kind to Animals
0
The provided articles describe Smith-Midland Corporation as a precast concrete manufacturer, detailing its products such as Easi-Set Buildings, SlenderWall, concrete sound walls, barriers, and agricultural products like cattleguards and water troughs.
1
The articles focus on product features, certifications (e.g., UL-752, LEED Silver equivalent, NRCS approval), and project applications.
2
There is no information or evidence in the articles regarding animal testing, animal-derived ingredients, humane certifications for animal operations, measurable wildlife conservation impact, or any other practices directly related to animal welfare or ethical sourcing of animal products. Therefore, no KPIs under the 'Kind to Animals' value can be scored based on the provided evidence.
No War, No Weapons
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No evidence available to assess Smith-Midland Corporation on No War, No Weapons.
Planet-Friendly Business
-20
The company uses 35% recycled material content in its products.
1
Respect for Cultures & Communities
-20
Smith-Midland Corporation has established 6 formal partnerships with local community groups and educational institutions, including Laurel Ridge Community College, Fauquier County Government, and The Arc of Northern Virginia.
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The company recruits a significant portion of its workforce from local communities, with 62.5% (150 out of 240 employees) living in the area.
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No cultural appropriation incidents have been reported. An Employee Assistance Program (EAP) is available, which serves as a grievance mechanism, but its coverage across operational sites is not specified.
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The company offers English as a second language classes, indicating some level of language inclusivity.
4
Safe & Smart Tech
0
No evidence available to assess Smith-Midland Corporation on Safe & Smart Tech.
Zero Waste & Sustainable Products
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No evidence available to assess Smith-Midland Corporation on Zero Waste & Sustainable Products.