Last $3.04 USD
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As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

schmitt industries inc (SMIT) Snapshot

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10/1/14 - $3.55
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01/13/14 - $2.50
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schmitt industries inc (SMIT) Details

Schmitt Industries, Inc. designs, manufactures, and sells computer-controlled vibration detection, and balancing and process control systems primarily to the machine tool industry worldwide. Its Balancer segment offers Schmitt Dynamic Balance System, which consists of a computer control unit, vibration sensor, spindle-mounting adapter, and balance head; an optional acoustical emission monitoring system to monitor the frequency signals generated on the grinding machine; and the ExactDress process control card to monitor and control the grinding wheel dressing process. This segment provides its products to end user operators, as well as manufacturers of grinding machines for various industries, including automotive, industrial, aerospace, and medical industries through independent manufacturers’ representatives and distributors. The company’s Measurement segment designs, manufactures, and sells laser and white light sensors for distance, dimensional, and area measurement for various commercial applications; laser-based microroughness measurement products for the semiconductor wafer, hard disk drive, and other industrial applications; laser-based surface analysis and measurement products for various scientific applications; and ultrasonic measurement products that measure the liquid levels of propane tanks and transmit that data via satellite to a secure Web site for display. Its products include surface roughness measurement products, such as TMS-2000-RC, a non-contact texture measurement system (TMS); and TMS2000W-RC and TMS3000W-RC for manufacturers of silicon wafers, device quality semiconductors, and memory devices. This segment also offers AccuRange distance measurement sensors and AccuProfile laser line scanners; Lasercheck, a line of surface roughness measurement gauges; complete angle scatter instrument scatterometers; and remote tank monitoring products. Schmitt Industries, Inc. was founded in 1984 and is headquartered in Portland, Oregon.

44 Employees
Last Reported Date: 08/8/14
Founded in 1984

schmitt industries inc (SMIT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $200.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $160.0K
Vice President of Operations
Total Annual Compensation: $166.2K
Compensation as of Fiscal Year 2014.

schmitt industries inc (SMIT) Key Developments

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.

Schmitt Industries, Inc., Annual General Meeting, Oct 03, 2014

Schmitt Industries, Inc., Annual General Meeting, Oct 03, 2014., at 15:00 Pacific Standard Time. Location: 2765 NW Nicolai St.. Agenda: To elect one director nominee named in the attached Proxy Statement to serve a three-year term expiring in 2017; to approve executive compensation; to approve 2014 equity incentive plan; and to consider the other business.


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