| Business Summary | | Schmitt
Industries,
Inc.
designs,
assembles
and
markets
computer-controlled
balancing
equipment
for
use
primarily
by
the
machine
tool
industry.
The
Company's
principal
balancing
product
is
the
Schmitt
Dynamic
Balance
System.
Through
its
wholly
owned
subsidiary,
Schmitt
Measurement
Systems,
Inc.,
the
Company
designs,
manufactures
and
markets
precision
laser
measurement
systems.
The
Company
also
sells
and
markets
its
products
in
Europe
through
its
wholly
owned
subsidiaries,
Schmitt
Europe
Ltd.,
located
in
the
United
Kingdom,
and
Schmitt
Hofmann
Systems
GmbH,
located
in
Germany. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Schmitt
Industries,
Inc.
designs,
assembles
and
markets
computer-controlled
balancing
equipment
for
use
primarily
by
the
machine
tool
industry.
For
the
nine
months
ended
2/28/01,
sales
decreased
15%
to
$5.9
million.
Net
loss
totalled
$233
thousand
vs.
an
income
of
$494
thousand.
Revenues
reflect
a
general
slowdown
in
the
machine
tool
industry.
Net
loss
reflects
a
$286
thousand
one-time
reduction
in
the
value
of
measurement
inventories. Recent Earnings Announcement For
the
3
months
ended
05/31/2001,
revenues
were
1,721;
after
tax
earnings
were
-2,135. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Wayne Case, 60 Chairman,
Pres, CEO | $176K | Robert Thompson, 50 CFO | -- | David Case, 37 VP
of Operations | 114K | Linda Case, 55 Sec. | -- | Dollar
amounts are as of 31-May-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|