Private company

SCHMITT INDUSTRIES INC

SCHMITT INDUSTRIES INC is an American industrial instruments for measurement company based in Portland.2

Last updated Oct 20, 2026.

Overview

$9.9MRevenue, fiscal 20223
-$3.3MNet income, fiscal 20223
  • IndustryIndustrial Instruments For Measurement, Display, and Control2
  • HeadquartersPortland, United States2
  • Incorporated inOR4
  • Business address2765 Nw Nicolai St, Portland, Or 972104
  • Filer categoryNon-accelerated filer, Smaller reporting company4
  • Legal formBusiness Corporation2
  • LEI5299003BMFILFJNCJG462
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o ANN M FERGUSON, 2765 NW NICOLAI ST, 97210 Portland, United States2
  • Registered withCorporation Division (Oregon Secretary of State), 375156-812

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

51.2%Gross margin3
-107.3%Operating margin3
-33.2%Net margin3
76.6%Revenue growth, 20223
-542.6%Return on equity3
4.13×Debt to equity3
-$9.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue23¢$4.8M
  • Research and development0¢$40.5K
  • Selling, general and admin76¢$15.6M
  • Interest0¢$46.8K
  • Income tax0¢$19.2K

Out of $9.9M in revenue.3 The company lost money this year.

Financial statements

Revenue567893$9.9M in 2022−24% since 2015
0$5.0M$10.0M$15.0M2015: $13.1M$13.1M20152016: $11.7M$11.7M2016−11%2017: $12.4M$12.4M2017+6%2018: $13.9M$13.9M2018+12%2019: $4.7M$4.7M2019−66%2020: $4.2M$4.2M2020−11%2021: $5.6M$5.6M2021+34%2022: $9.9M$9.9M2022+77%
Gross profit567893$5.1M in 2022−17% since 2015
0$2.0M$4.0M$6.0M$8.0M2015: $6.1M$6.1M20152016: $4.9M$4.9M2016−21%2017: $4.9M$4.9M2017+0%2018: $6.1M$6.1M2018+24%2019: $1.8M$1.8M2019−71%2020: $2.0M$2.0M2020+10%2021: $2.1M$2.1M2021+6%2022: $5.1M$5.1M2022+145%
Operating income567893-$10.6M in 2022+16369% since 2015
-$15.0M-$10.0M-$5.0M0$5.0M2015: -$64.5K-$64.5K20152016: -$1.4M-$1.4M2016+2129%2017: -$988.7K-$988.7K2017−31%2018: $155.4K$155.4K20182019: -$1.5M-$1.5M20192020: -$2.2M-$2.2M2020+48%2021: -$10.4M-$10.4M2021+379%2022: -$10.6M-$10.6M2022+2%
Net income567893-$3.3M in 2022+3406% since 2015
-$10.0M-$5.0M0$5.0M2015: -$93.7K-$93.7K20152016: -$1.5M-$1.5M2016+1518%2017: -$1.1M-$1.1M2017−29%2018: $210.6K$210.6K20182019: -$1.2M-$1.2M20192020: $3.9M$3.9M20202021: -$8.1M-$8.1M20212022: -$3.3M-$3.3M2022−59%
Fiscal year20152016201720182019202020212022
Revenue$13.1M5$11.7M6$12.4M7$13.9M7$4.7M8$4.2M9$5.6M3$9.9M3
Cost of revenue$6.9M5$6.8M6$7.5M7$7.8M7$3.0M8$2.2M9$3.5M3$4.8M3
Gross profit$6.1M5$4.9M6$4.9M7$6.1M7$1.8M8$2.0M9$2.1M3$5.1M3
Research and development$378.3K5$287.7K6$256.2K7$327.3K7$56.8K8$68.8K9$69.6K3$40.5K3
Selling, general and admin$5.8M5$6.0M6$5.6M7$5.6M7$3.2M8$4.1M9$11.4M3$15.6M3
Operating expenses$15.7M3
Operating income-$64.5K5-$1.4M6-$988.7K7$155.4K7-$1.5M8-$2.2M9-$10.4M3-$10.6M3
Interest$09$19.0K3$46.8K3
Income before tax-$3.7M3
Income tax$10.1K5$20.0K6$28.0K7$25.9K7$26.4K8-$14.6K9-$403.7K3$19.2K3
Net income-$93.7K5-$1.5M6-$1.1M7$210.6K7-$1.2M8$3.9M9-$8.1M3-$3.3M3
Earnings per share-$0.035-$0.516-$0.367$0.067-$0.308$0.989-$2.153-$0.863
Earnings per share (diluted)-$0.035-$0.516-$0.367$0.067-$0.308$0.989-$2.153-$0.863
Shares (weighted, basic)3.8M shares3
Shares (weighted, diluted)3.8M shares3

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Corporate structure

SCHMITT INDUSTRIES INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SCHMITT INDUSTRIES INC

  • David E. Lazar Filed SC 13D/A on SCHMITT INDUSTRIES INC, latest Dec 23, 2022
  • GAMCO Investors Filed SC 13D/A on SCHMITT INDUSTRIES INC, latest Nov 14, 2022
  • Activist Investing LLC Filed SC 13D on SCHMITT INDUSTRIES INC, latest Nov 19, 2021
  • SCHMITT INDUSTRIES INC Portland, Oregon, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SCHMITT INDUSTRIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$564.6K9 May 31, 2021$564.6K3 Jul 9, 20200%
Leasehold improvements$14.3M3 May 31, 2022$10.4M3 May 31, 2021+36.7%
Property and equipment, before depreciation$4.1M3 May 31, 2022$4.9M3 May 31, 2021−16.4%
Accumulated depreciation$1.2M3 May 31, 2022$2.1M3 May 31, 2021−44.3%
Property and equipment, net$2.9M3 May 31, 2022$2.8M3 May 31, 2021+4.4%
Operating-lease assets (leased space)$10.6M9 May 31, 2021$10.6M3 Jul 9, 20200%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.1M3 May 31, 2022$4.0M3 May 31, 2021−73.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Trademarks and trade names (indefinite-lived)$903.4K9 May 31, 2021$903.4K3 Jul 9, 20200%
Finite-lived intangibles, gross$1.8M9 May 31, 2021$2.1M8 May 31, 2020−12.0%
Finite-lived intangibles, net$127.2K3 May 31, 2022$150.1K3 May 31, 2021−15.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.4M3 May 31, 2022$1.3M3 May 31, 2021+15.4%
Raw materials$905.4K3 May 31, 2022$607.8K3 May 31, 2021+49.0%
Work in process$64.4K3 May 31, 2022$35.2K3 May 31, 2021+83.1%
Finished goods$574.6K3 May 31, 2022$687.5K3 May 31, 2021−16.4%

Leadership

Who has led SCHMITT INDUSTRIES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Wayne A. Case2009–2012
  2. James A. Fitzhenry2012–2014
  3. Michael R. Zapata2019–2022

President

  1. Wayne A. Case2009
  2. James A. Fitzhenry2009–2014
  3. Michael R. Zapata2019

Chief financial officer

  1. Jeffrey T. Siegal2008–2012
  2. Ann M. Ferguson2013–2019
  3. Regina Walker2019
  4. Jamie Michael Schmidt2020
  5. Philip Bosco2020–2022
2010201520202025
Board members and other officers (14)

Timeline

  1. May 28, 20268-K Executive or director change38
  2. May 28, 20268-K Debt or obligation accelerated39
  3. Feb 3, 20238-K Change of auditor; Executive or director change40
  4. Nov 16, 20228-K Executive or director change41
  5. Oct 28, 20228-K Entered a material agreement; New debt or obligation42
  6. Oct 20, 20228-K Listing notice or transfer; Regulation FD disclosure43
  7. Oct 6, 20228-K Executive or director change44
  8. Sep 20, 20228-K Listing notice or transfer; Earlier financial statements no longer reliable; Regulation FD disclosure45
  9. Jul 25, 20228-K Other events46
  10. Jul 21, 20228-K Completed an acquisition or sale; Other events47
  11. Jul 20, 20228-K Other events48
  12. Jun 16, 20228-K Other events49
  13. Sep 27, 2019New chief executive Michael R. Zapata becomes CEO16
  14. Oct 16, 2012New chief executive James A. Fitzhenry becomes CEO17
  15. May 8, 2009New chief executive Wayne A. Case becomes CEO18

Calendar

When it reported results

  1. Apr 14, 2022Reported quarterly or annual results50
  2. Jan 14, 2022Reported quarterly or annual results51
  3. Oct 20, 2021Reported quarterly or annual results52

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

60 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 21 major events, 17 insider forms, 3 large holders, 11 other. The latest 20:

  1. May 28, 20268-K EDGAR
  2. May 28, 20268-K EDGAR
  3. Sep 8, 2023SEC STAFF ACTION EDGAR
  4. Apr 13, 20234 PRIMARY DOCUMENT EDGAR
  5. Feb 3, 20238-K EDGAR
  6. Jan 25, 202325-NSE EDGAR
  7. Dec 23, 2022SC 13D/A AMENDMENT NO. 1 TO THE SCHEDULE 13D EDGAR
  8. Nov 17, 20224 OWNERSHIP DOCUMENT EDGAR
  9. Nov 17, 20223 OWNERSHIP DOCUMENT EDGAR
  10. Nov 16, 20228-K EDGAR
  11. Nov 14, 2022SC 13D/A EDGAR
  12. Nov 10, 20223 PRIMARY DOCUMENT EDGAR
  13. Oct 28, 20228-K EDGAR
  14. Oct 20, 20228-K EDGAR
  15. Oct 17, 20224 OWNERSHIP DOCUMENT EDGAR
  16. Oct 17, 20224 OWNERSHIP DOCUMENT EDGAR
  17. Oct 13, 2022S-1 EDGAR
  18. Oct 13, 202210-K/A EDGAR
  19. Oct 13, 202210-K EDGAR
  20. Oct 12, 202210-Q/A EDGAR

The 60 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 23, 2023Henderson DustinSale10,000$0.01$100Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How SCHMITT INDUSTRIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSCHMITT INDUSTRIES INC1
  • CIK0000922612
  • Employer ID (EIN)93-11519891
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inOregon1
  • Fiscal year endsMay 311
  • Industry code (SIC)3823 Industrial Instruments For Measurement, Display, and Control1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address2765 Nw Nicolai St, Portland, OR 972101
  • Phone50322779081
  • Shares outstanding3,872,134 as of Sep 30, 202215
  • Public float$17.8M as of Nov 30, 202115
  • On EDGAR sinceJun 6, 19961
  • Filings640 in all: 4 (171), 8-K (165), 10-Q (79), DEF 14A (25), SC 13G/A (25), 10-K (23), 3 (20), SC 13G (16)1
    All 45 form types

    4/A (11), SC 13D/A (11), UPLOAD (9), DFAN14A (7), 10-Q/A (6), CORRESP (6), 10-K/A (4), 10-K405 (4), DEFA14A (4), NT 10-Q (4), PRE 14A (4), SC 13D (4), 8-K/A (3), EFFECT (3), NT 10-K (3), SC TO-I/A (3), SD (3), 3/A (2), 424B4 (2), DEFC14A (2), PREC14A (2), S-1 (2), S-3 (2), S-3/A (2), 25-NSE (1), 424B5 (1), 8-A12B (1), 8-A12B/A (1), DEFR14A (1), PRER14A (1), PRRN14A (1), S-1/A (1), S-8 (1), S-8 POS (1), SC TO-C (1), SC TO-I (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Oct 13, 2022
    Quarterly report (10-Q) Apr 14, 2022
    Proxy statement (DEF 14A) Nov 9, 2021
    Latest 8-K (8-K) May 28, 2026

Sources

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