Schmitt Industries, Inc. (SMIT) Reports Q1 EPS of $0.02
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Schmitt Industries Announces First Quarter Fiscal 2015 Operating Results
October 3, 2014 4:05 PM EDTPORTLAND, Ore., Oct. 3, 2014 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (Nasdaq: SMIT) today announced its operating results for the first quarter of Fiscal 2015. 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 fully diluted share, for the three months ended August 31, 2014 as compared to net loss of $146,559, or $(0.05) per fully diluted share, for the three months ended August 31, 2013.
Balancer segment sales focus throughout the world on end-users, rebuilders and original equipment manufacturers of grinding machines with the target geographic... More
