Schmitt Industries (SMIT) Reports Q2 Loss of $0.03/Share, Names CFO

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. DECK
2. RNG
3. WDC
4. BYD
5. SPOT
6. WCN
7. BMY
8. FIX
9. TSCO
10. BE

Go back to Schmitt Industries (SMIT) Reports Q2 Loss of $0.03/Share, Names CFO

Schmitt Announces Second Quarter 2020 Operating Results and CFO Appointment

January 15, 2020 8:17 AM EST

PORTLAND, Ore., Jan. 15, 2020 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the Company or Schmitt) today announced its operating results for the second quarter of Fiscal 2020.

Highlights of the three and six months ended November 30, 2019:

Schmitt completed the announced sale of the Schmitt Dynamic Balance Systems (SBS) business line to Tosei Engineering Corp. and Tosei America, Inc. (collectively Tosei) for gross proceeds of $10.5 million on November 22, 2019. This sale allows Schmitt to streamline its focus on the Xact and Acuity business lines. All continuing operation results are a... More