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Profile - Schmitt Industries, Inc. (NasdaqNM:SMIT)
As of 31-Aug-2001
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Location
2765 NW Nicolai Street
Portland, OR 97210
Phone: (503) 227-7908
Fax: (503) 223-1258
Email: lcase@schmitt-ind.com
Employees (last reported count): 44
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Technology
 ·Industry: Scientific & Technical Instr.
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 32%
·Institutional: 4% (5% of float)
(8 institutions)
·Net Inst. Buying: 253.0K shares (+48.56%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
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

Officers[Insider Trade Data]
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
Statistics at a Glance -- NasdaqNM:SMITAs of 31-Aug-2001
Price and Volume
52-Week Low
on 27-Mar-2001
$0.625
Recent Price$0.93 
52-Week High
on 25-Sep-2000
$3.00 
Beta0.43 
Daily Volume (3-month avg)3,318 
Daily Volume (10-day avg)7,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-63.7%
52-Week Change
relative to S&P500
-51.3%
Share-Related Items
Market Capitalization$6.98M
Shares Outstanding7.51M
Float5.10M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq*)$1.42 
Earnings (ttm)-$0.30 
Earnings (mrq)-$0.27 
Sales (ttm)$0.93 
Cash (mrq*)$0.03 
Valuation Ratios
Price/Book (mrq*)0.66 
Price/EarningsN/A 
Price/Sales (ttm)1.00 
Income Statements
Sales (ttm)$7.58M
EBITDA (ttm*)-$52.0K
Income available to common (ttm)-$2.37M
Profitability
Profit Margin (ttm)-31.2%
Operating Margin (ttm)-3.7%
Fiscal Year
Fiscal Year EndsMay 31
Most recent quarter
(fully updated)
28-Feb-2001
Most recent quarter
(flash earnings)
31-May-2001
Management Effectiveness
Return on Assets (ttm)-20.62%
Return on Equity (ttm)-22.35%
Financial Strength
Current Ratio (mrq*)8.77 
Debt/Equity (mrq*)0.04 
Total Cash (mrq)$0 
Short Interest
As of 8-June-2001
Shares Short0 
Shares Short
(Prior Month)
1,000 
Daily Volume2,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-May-2001, except mrq*/ttm* items as of 28-Feb-2001)

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