News Releases

PORTLAND, Ore., April 16, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) today announced the relaunch of the Xact® website. Xact Main Page Why Xact? Xact, part of the Schmitt Industries family of products, provides industry-leading remote tank monitoring for fuel distributors.

PORTLAND, Ore. , April 10, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT ) (the “Company” or “Schmitt”) today announced its operating results for the third quarter of Fiscal 2019. Highlights of the three and nine months ended February 28, 2019 : Total net sales for the Company

PORTLAND, Ore. , Feb. 18, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT ) today announced promotion and expansion plans for Schmitt Europe Limited (SEL), which will further position the company with its focus on the European grinding market.

PORTLAND, Oregon , Jan. 10, 2019 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT ) today announced its operating results for the second quarter of Fiscal 2019. Highlights of the three and six months ended November 30, 2018 : Balancer segment sales increased $114,634 , or 5.1%, to

New Structure Focuses and Commits to Core SBS Business Company to Seek Disposition of Non-Core Assets David Case , CEO, Named Special Advisor to Board of Directors Donna Witkowski Promoted to SBS President Michael Zapata Appointed Executive Chairman, President of Schmitt PORTLAND, Ore. , Nov.

PORTLAND, Ore. , Oct. 12, 2018 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT ) today announced its operating results for the first quarter of Fiscal 2019.  Results for the three months ended August 31, 2018 reflect the Company’s on-going initiatives to focus on increasing sales in both

PORTLAND, Ore. , Oct. 02, 2018 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT ) (“ SMIT ”) today announced that Institutional Shareholders Services Inc. and Glass Lewis , the leading independent proxy research and advisory firms to institutional investors, have both recommended that

PORTLAND, Ore. , Aug. 24, 2018 (GLOBE NEWSWIRE) -- Schmitt Industries (Nasdaq: SMIT ) announced today that its Annual Meeting of Shareholders will be held on Friday, October 12, 2018 at 3:00 p.m. local time, at the Company’s headquarters at 2765 NW Nicolai St. , Portland, Oregon .

PORTLAND, Ore. , July 18, 2018 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ:SMIT) today announced its operating results for the fourth quarter and fiscal year ended May 31, 2018 .  Results for the quarter and fiscal year ended May 31, 2018 reflect the Company’s on-going initiatives to (1)

PORTLAND, Ore. , April 06, 2018 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ:SMIT) today announced its operating results for the three and nine months ended February 28 , 2018.  For the three months ended February 28, 2018 , total sales increased $39,736 , or 1.2%, to $3,238,858 from

PORTLAND, Ore. , Jan. 08, 2018 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ:SMIT) (the "Company") announced today that David W. Case has assumed the role of President and Chief Executive Officer of the Company, effective as of January 5, 2018 and that David M.

PORTLAND, Ore. , Dec. 22, 2017 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ:SMIT) (the “ Company”) today announced the completion of its Subscription Rights Offering (the “Rights Offering”) in which 998,636 common shares will be issued, resulting in gross proceeds to the Company of

PORTLAND, Ore. , Dec. 13, 2017 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ:SMIT) today announced its operating results for the three and six months ended November 30 , 2017.  For the three months ended November 30, 2017 , total sales increased $1,115,319 , or 42.0%, to $3,770,880 from

PORTLAND, Ore. , Dec. 05, 2017 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ:SMIT) (the “ Company”) today announced that it expects to release its operating results for the second quarter of Fiscal 2018 after the close of market on Wednesday, December 13, 2017 .

PORTLAND, Ore. , Nov. 27, 2017 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ:SMIT) (the “ Company”) today announced that its registration statement for its previously announced rights offering was declared effective by the Securities and Exchange Commission (the “SEC”) on November 27, 2017 .

PORTLAND, Ore. , Nov. 13, 2017 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ:SMIT) (the “ Company”) today announced that the record date for its previously announced rights offering will be November 27, 2017 . The net proceeds from the rights offering, for which the Company has filed a

PORTLAND, Ore. , Nov. 03, 2017 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ:SMIT) (the “Company”) today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the distribution, at no charge, to the holders of the

PORTLAND, Ore. , Oct. 06, 2017 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ:SMIT) today announced its operating results for the quarter ended August 31 , 2017.  For the three months ended August 31, 2017 , total sales increased $191,116 , or 6.6%, to $3,083,648 from $2,892,532 in the three

PORTLAND, Ore. , Aug. 17, 2017 (GLOBE NEWSWIRE) -- Schmitt Industries (Nasdaq:SMIT) announced today that its Annual Meeting of Shareholders will be held on Friday, October 6, 2017 at 3:00 p.m. local time, at the Company’s headquarters at 2765 NW Nicolai St. , Portland, Oregon .

PORTLAND, Ore. , July 14, 2017 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ:SMIT) today announced its operating results for the fourth quarter and fiscal year ended May 31 , 2017.  Total sales increased $671,693 , or 22.5%, to $3,650,428 for the three months ended May 31, 2017 as compared