Schmitt Industries (SMIT) Reports Q2 Loss of $0.06/Share

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Schmitt Industries Announces Second Quarter Fiscal 2019 Operating Results

January 10, 2019 8:30 AM EST

PORTLAND, Oregon, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) today announced its operating results for the second quarter of Fiscal 2019.

Highlights of the three and six months ended November 30, 2018:

Balancer segment sales increased $114,634, or 5.1%, to $2,345,480 for the three months ended November 30, 2018 as compared to $2,230,846 for the three months ended November 30, 2017. Balancer segment sales increased $238,569, or 5.5%, to $4,539,812 for the six months ended November 30, 2018 as compared to $4,301,243 for the six months ended November 30, 2017.Measurement segment sales decreased $382,036, or 24.8%, to $1,157,998 for the... More