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Manufacturing 2025: SMITH, ASHLEY B.
CHAIRMAN, PRESIDENT AND CEO, SMITH-MIDLAND, MIDLAND
Virginia Business //September 2, 2025//
Manufacturing 2025: SMITH, ASHLEY B.
CHAIRMAN, PRESIDENT AND CEO, SMITH-MIDLAND, MIDLAND
Virginia Business //September 2, 2025//
Smith, the third generation of his family to lead the precast concrete company, became CEO in 2018 and board chairman in 2022. His grandfather, David G. Smith, founded the company in 1960 as Smith-Cattleguard, a nod to the company’s concrete cattleguard innovation.
The publicly traded company now has manufacturing facilities in North and South Carolina. Its subsidiaries include Concrete Safety Systems, which rents concrete highway barriers, and Easi-Set Worldwide, which licenses Smith-Midland products.
In 2024, Smith-Midland opened a $2 million addition to its Reidsville, North Carolina, plant that doubled the size of the facility’s production capacity.
Smith-Midland reported revenue of $78.5 million for 2024, a 32% increase over the previous year. Smith attributed the gains to increased infrastructure spending, and in the first half of 2025, the company’s revenue numbers have increased further, with $22.7 million reported in the second quarter, up 35% from the second quarter of 2024.
A member of Bridgewater College’s board of trustees, Smith is a past board chairman of National Precast Concrete Association.
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