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  September 5, 2001
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Home > Company Index > Electronics & Misc. Technology > Scientific & Technical Instruments > Schmitt Industries, Inc.

Schmitt Industries, Inc.
Nasdaq: SMIT
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 PROFILE
Maintaining balance is essential for Schmitt Industries. More than 80% of the company's sales come from its computerized balancing equipment, which machine tool builders and grinding machine operators use to improve the efficiency of rotating devices. Customers incorporate the company's flagship Schmitt Dynamic Balance System into grinding machines. Subsidiary Schmitt Measurement Systems makes laser-based precision-measurement instruments for computer disk drive manufacturing and for military and industrial applications. Chairman and CEO Wayne Case and his family own about 25% of Schmitt Industries, whose customers include Black & Decker, Ford, and Texas Instruments.

 COMPETITION
Agilent Technologies, Inc. (A)
Mechanical Technology Incorporated (MKTY)
Newport Corporation (NEWP)

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 FINANCIAL OVERVIEW
Fiscal Year-End: May
2000 Sales (mil.): 8.90
1-Yr. Sales Growth: 11.3%
Employees: 44
Revenue per employee: $202,272.73

 KEY PEOPLE
• Wayne A. Case
    CEO
• Robert C. Thompson
    CFO

 CONTACT INFO
2765 NW Nicolai St.
Portland, OR 97210
US
Phone: 503-227-7908
Fax: 503-223-1258
Online: Web Site

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