Latest Schmitt Industries (SMIT) Headlines
Schmitt Industries Announces Second Quarter Fiscal 2014 Operating Results
GlobeNewswire - Fri Jan 10, 5:13PM CST
Schmitt Industries, Inc. (Nasdaq:SMIT) today announced its operating results for the three and six months ended November 30, 2013. For the three months ended November 30, 2013, total sales increased $440,793, or 16.3%, to $3,143,052 from $2,702,259 in the three months ended November 30, 2012. For the six months ended November 30, 2013, total sales decreased $340,425, or 5.3%, to $6,042,499 from $6,382,924 in the six months ended November 30, 2012. Net loss was $163,201, or $0.05 per fully diluted share, for the three months ended November 30, 2013 as compared to $104,604, or $0.03 per fully diluted share, for the three months ended November 30, 2012. Net loss was $309,760, or $0.10 per fully diluted share, for the six months ended November 30, 2013 as compared to net income of $15,544, or $0.01 per fully diluted share, for the six months ended November 30, 2012.
Nasdaq stocks posting largest volume increases
AP - Mon Oct 07, 5:03PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
Schmitt Industries to Showcase New SBS(R) Balancer Products and CNC Interface Software at EMO Hannover 2013 Show
GlobeNewswire - Tue Sep 10, 8:05AM CDT
Schmitt Industries, Inc. (Nasdaq:SMIT), a world leader in precise test and measurement systems, announced today that it will be exhibiting several new SBS(R) products at the EMO Hannover 2013 show, including the SB-2000, a dual plane manual balancer for fixed installations, and the SB-2000-P for portable applications. In addition, the Company will also be introducing IVIS(TM) intelligent visualization software that permits full integration of SBS balancing and process control data into any CNC operating platform. These new products further strengthen the reputation of SBS(R) as the world leader in automatic dynamic balancing and process monitoring and control for the grinding industry.
Schmitt Industries Announces Annual Meeting Date
GlobeNewswire - Fri Aug 16, 4:10PM CDT
Schmitt Industries (Nasdaq:SMIT) announced today that its Annual Meeting of Shareholders will be held on Friday, October 4, 2013 at 3:00 p.m. local time, at the Company's headquarters at 2765 NW Nicolai St., Portland, Oregon.
Schmitt Industries Announces Fourth Quarter and Fiscal Year 2013 Operating Results
GlobeNewswire - Fri Jul 12, 5:08PM CDT
Schmitt Industries, Inc. (Nasdaq:SMIT) today announced its operating results for the fourth quarter and the year ended May 31, 2013. Sales for the three months ended May 31, 2013 decreased $1,059,916, or 24.5%, to $3,272,899 compared to $4,332,815 for the same period last year. Net loss for the fourth quarter ended May 31, 2013 was $364,322, or $(.12) per diluted share, compared to net income of $5,948, or $.00 per diluted share, for the same period last year. Sales for the year ended May 31, 2013 decreased $1,984,770, or 13.7%, to $12,452,252 compared to $14,437,022 for the year ended May 31, 2012. Net loss for the year ended May 31, 2013 was $539,882, or $(.18) per diluted share, compared to a net income of $77,421, or $.03 per diluted share, for the year ended May 31, 2012.
Schmitt Industries Announces Third Quarter Fiscal 2013 Operating Results
GlobeNewswire - Tue Apr 09, 3:05PM CDT
Schmitt Industries, Inc. (Nasdaq:SMIT) today announced its operating results for the three and nine months ended February 28, 2013. Sales for the three months ended February 28, 2013 decreased $360,068, or 11.4%, to $2,796,429 as compared to $3,156,497 for the same period last year. Sales for the nine months ended February 28, 2013 decreased $924,854, or 9.2%, to $9,179,353 as compared to $10,104,207 for the same period last year. Net loss for the third quarter ended February 28, 2013 was $191,104, or $.06 per diluted share, as compared to net income of $12,621, or $.00 per diluted share, for the same period last year. Net loss for the nine months ended February 28, 2013 was $175,560, or $.06 per diluted share, as compared to net income of $71,473, or $.02 per diluted share, for the same period in the prior year.
Schmitt Industries Appoints Ann Ferguson as Chief Financial Officer
GlobeNewswire - Mon Apr 08, 4:05PM CDT
Schmitt Industries, Inc. (Nasdaq:SMIT), announced today that Ann M. Ferguson has been named Chief Financial Officer and Treasurer of the Company, effective April 15, 2013. Ferguson is a former partner with Deloitte & Touche, LLP in Portland, where she spent over twenty years in public accounting for various clients in a variety of industry sectors, with a focus on manufacturing. She replaces Jeff Siegal, who is resigning effective April 12, 2013 to accept a position with a company in Walla Walla, Washington. Ferguson will report to James A. Fitzhenry, President and Chief Executive Officer of Schmitt Industries.
Schmitt Industries Announces Second Quarter and Year to Date Fiscal 2013 Operating Results
GlobeNewswire - Wed Jan 09, 3:05PM CST
Schmitt Industries, Inc. (Nasdaq:SMIT) today announced its operating results for the three and six months ended November 30, 2012. Sales for the three months ended November 30, 2012 decreased $773,966, or 22.3%, to $2,702,259 compared to $3,476,225 for the same period last year. Sales for the six months ended November 30, 2012 decreased $564,786, or 8.1%, to $6,382,924 compared to $6,947,710 for the same period last year. Net loss for the second quarter ended November 30, 2012 was $104,604, or $.03 per diluted share, compared to net loss of $78,176, or $.03 per diluted share, for the same period last year. Net income for the six months ended November 30, 2012 was $15,544, or $.01 per diluted share, compared to net income of $58,852, or $.02 per diluted share, for the same period in the prior year.
Schmitt Industries Announces Second Quarter Fiscal 2014 Operating Results
GlobeNewswire - Fri Jan 10, 5:13PM CST
Schmitt Industries, Inc. (Nasdaq:SMIT) today announced its operating results for the three and six months ended November 30, 2013. For the three months ended November 30, 2013, total sales increased $440,793, or 16.3%, to $3,143,052 from $2,702,259 in the three months ended November 30, 2012. For the six months ended November 30, 2013, total sales decreased $340,425, or 5.3%, to $6,042,499 from $6,382,924 in the six months ended November 30, 2012. Net loss was $163,201, or $0.05 per fully diluted share, for the three months ended November 30, 2013 as compared to $104,604, or $0.03 per fully diluted share, for the three months ended November 30, 2012. Net loss was $309,760, or $0.10 per fully diluted share, for the six months ended November 30, 2013 as compared to net income of $15,544, or $0.01 per fully diluted share, for the six months ended November 30, 2012.
Nasdaq stocks posting largest volume increases
AP - Mon Oct 07, 5:03PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
Schmitt Industries to Showcase New SBS(R) Balancer Products and CNC Interface Software at EMO Hannover 2013 Show
GlobeNewswire - Tue Sep 10, 8:05AM CDT
Schmitt Industries, Inc. (Nasdaq:SMIT), a world leader in precise test and measurement systems, announced today that it will be exhibiting several new SBS(R) products at the EMO Hannover 2013 show, including the SB-2000, a dual plane manual balancer for fixed installations, and the SB-2000-P for portable applications. In addition, the Company will also be introducing IVIS(TM) intelligent visualization software that permits full integration of SBS balancing and process control data into any CNC operating platform. These new products further strengthen the reputation of SBS(R) as the world leader in automatic dynamic balancing and process monitoring and control for the grinding industry.
Schmitt Industries Announces Annual Meeting Date
GlobeNewswire - Fri Aug 16, 4:10PM CDT
Schmitt Industries (Nasdaq:SMIT) announced today that its Annual Meeting of Shareholders will be held on Friday, October 4, 2013 at 3:00 p.m. local time, at the Company's headquarters at 2765 NW Nicolai St., Portland, Oregon.
Schmitt Industries Announces Fourth Quarter and Fiscal Year 2013 Operating Results
GlobeNewswire - Fri Jul 12, 5:08PM CDT
Schmitt Industries, Inc. (Nasdaq:SMIT) today announced its operating results for the fourth quarter and the year ended May 31, 2013. Sales for the three months ended May 31, 2013 decreased $1,059,916, or 24.5%, to $3,272,899 compared to $4,332,815 for the same period last year. Net loss for the fourth quarter ended May 31, 2013 was $364,322, or $(.12) per diluted share, compared to net income of $5,948, or $.00 per diluted share, for the same period last year. Sales for the year ended May 31, 2013 decreased $1,984,770, or 13.7%, to $12,452,252 compared to $14,437,022 for the year ended May 31, 2012. Net loss for the year ended May 31, 2013 was $539,882, or $(.18) per diluted share, compared to a net income of $77,421, or $.03 per diluted share, for the year ended May 31, 2012.
Schmitt Industries Announces Third Quarter Fiscal 2013 Operating Results
GlobeNewswire - Tue Apr 09, 3:05PM CDT
Schmitt Industries, Inc. (Nasdaq:SMIT) today announced its operating results for the three and nine months ended February 28, 2013. Sales for the three months ended February 28, 2013 decreased $360,068, or 11.4%, to $2,796,429 as compared to $3,156,497 for the same period last year. Sales for the nine months ended February 28, 2013 decreased $924,854, or 9.2%, to $9,179,353 as compared to $10,104,207 for the same period last year. Net loss for the third quarter ended February 28, 2013 was $191,104, or $.06 per diluted share, as compared to net income of $12,621, or $.00 per diluted share, for the same period last year. Net loss for the nine months ended February 28, 2013 was $175,560, or $.06 per diluted share, as compared to net income of $71,473, or $.02 per diluted share, for the same period in the prior year.
Schmitt Industries Appoints Ann Ferguson as Chief Financial Officer
GlobeNewswire - Mon Apr 08, 4:05PM CDT
Schmitt Industries, Inc. (Nasdaq:SMIT), announced today that Ann M. Ferguson has been named Chief Financial Officer and Treasurer of the Company, effective April 15, 2013. Ferguson is a former partner with Deloitte & Touche, LLP in Portland, where she spent over twenty years in public accounting for various clients in a variety of industry sectors, with a focus on manufacturing. She replaces Jeff Siegal, who is resigning effective April 12, 2013 to accept a position with a company in Walla Walla, Washington. Ferguson will report to James A. Fitzhenry, President and Chief Executive Officer of Schmitt Industries.
Schmitt Industries Announces Second Quarter and Year to Date Fiscal 2013 Operating Results
GlobeNewswire - Wed Jan 09, 3:05PM CST
Schmitt Industries, Inc. (Nasdaq:SMIT) today announced its operating results for the three and six months ended November 30, 2012. Sales for the three months ended November 30, 2012 decreased $773,966, or 22.3%, to $2,702,259 compared to $3,476,225 for the same period last year. Sales for the six months ended November 30, 2012 decreased $564,786, or 8.1%, to $6,382,924 compared to $6,947,710 for the same period last year. Net loss for the second quarter ended November 30, 2012 was $104,604, or $.03 per diluted share, compared to net loss of $78,176, or $.03 per diluted share, for the same period last year. Net income for the six months ended November 30, 2012 was $15,544, or $.01 per diluted share, compared to net income of $58,852, or $.02 per diluted share, for the same period in the prior year.
