Schmitt Industries (SMIT) Reports Q3 EPS of $0.00

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Go back to Schmitt Industries (SMIT) Reports Q3 EPS of $0.00

Schmitt Industries Announces Third Quarter Fiscal 2018 Operating Results

April 6, 2018 4:10 PM EDT

PORTLAND, Ore., April 06, 2018 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) today announced its operating results for the three and nine months ended February 28, 2018.  For the three months ended February 28, 2018, total sales increased $39,736, or 1.2%, to $3,238,858 from $3,199,122 in the three months ended February 28, 2017. Net income was $15,553, or $0.00 per fully diluted share, for the three months ended February 28, 2018 as compared to net loss of $131,333, or $(0.04) per fully diluted share, for the three months ended February 28, 2017.

For the nine months ended February 28, 2018, total sales increased $1,346,171, or 15.4%, to $10,093,386 from $8,747,215 in the nine months ended February... More