Schmitt Industries (SMIT) Reports Q2 EPS of $0.03

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Go back to Schmitt Industries (SMIT) Reports Q2 EPS of $0.03

Schmitt Industries Announces Second Quarter Fiscal 2018 Operating Results

December 13, 2017 4:10 PM EST

PORTLAND, Ore., Dec. 13, 2017 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) today announced its operating results for the three and six months ended November 30, 2017.  For the three months ended November 30, 2017, total sales increased $1,115,319, or 42.0%, to $3,770,880 from $2,655,561 in the three months ended November 30, 2016. Net income was $103,248, or $0.03 per fully diluted share, for the three months ended November 30, 2017 as compared to net loss of $382,470, or $(0.13) per fully diluted share, for the three months ended November 30, 2016.

For the six months ended November 30, 2017, total sales increased $1,306,435, or 23.5%, to $6,854,528 from $5,548,093 in the six months ended November... More