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Last $2.74 USD
Change Today 0.00 / 0.00%
Volume 0.0
SMIT On Other Exchanges
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NASDAQ CM
Frankfurt
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

schmitt industries inc (SMIT) Key Developments

Schmitt Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2015

Schmitt Industries, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2015. For the quarter, the company reported net sales of $3,010,618 against $3,066,163 a year ago. Operating loss was $150,508 against $81,655 a year ago. Loss before income taxes was $166,086 against $70,158 a year ago. Net loss was $168,371 or $0.06 per diluted share against $72,107 or $0.02 per diluted share a year ago. For the nine months, the company reported net sales of $9,211,410 against $9,108,662 a year ago. Operating loss was $168,210 against $380,273 a year ago. Loss before income taxes was $179,391 against $374,869 a year ago. Net loss was $186,428 or $0.06 per diluted share against $381,867 or $0.13 per diluted share a year ago.

Schmitt Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2014

Schmitt Industries, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended November 30, 2014. For the quarter, net sales were $3,151,504 against $3,143,052 a year ago. Operating loss was $70,801 against $151,274 a year ago. Loss before income taxes was $67,465 against $160,820 a year ago. Net loss was $69,840 against $163,201 a year ago. Net loss per common share, basic and diluted was $0.02 against $0.05 a year ago. For the six months, net sales were $6,200,792 against $6,042,499 a year ago. Operating loss was $17,702 against $298,618 a year ago. Loss before income taxes was $13,305 against $304,711 a year ago. Net loss was $18,057 against $309,760 a year ago. Net loss per common share, basic and diluted was $0.01 against $0.10 a year ago.

Schmitt Industries, Inc. to Report Q2, 2015 Results on Jan 09, 2015

Schmitt Industries, Inc. announced that they will report Q2, 2015 results on Jan 09, 2015

Schmitt Industries, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended August 31, 2014

Schmitt Industries, Inc. reported unaudited consolidated earnings results for the first quarter ended August 31, 2014. For the three months ended August 31, 2014, total sales increased $149,841, or 5.2%, to $3,049,288 from $2,899,447 in the three months ended August 31, 2013. Net income was $51,783, or $0.02 per basic and diluted share, for the three months ended August 31, 2014 as compared to net loss of $146,559, or $0.05 per basic and diluted share, for the three months ended August 31, 2013. Operating income was at $53,099 against a loss of $147,344 reported last year. Income before income taxes was at $54,160 against loss of $143,891 reported last year.

Schmitt Industries Introduces SBS ExactControl Process Control Card

Schmitt Industries, Inc. announced that it has added a new advanced multi-functional process control capability to its line of SBS balancing and process monitoring products for the grinding industry. The SBS ExactControl(TM) process control card will offer up to seven strategies for precision monitoring and control of the grinding process. The various control strategies offered by the SBS ExactControl(TM) card can help customers optimize the grinding process, thereby improving part quality and reducing costs. The full range of SBS products, including the ExactControl(TM) card, will be showcased at the IMTS 2014 show.

 

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