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Schmitt Announces Third Quarter Fiscal 2021 Operating Results


Schmitt Announces Third Quarter Fiscal 2021 Operating Results
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PORTLAND, Ore., April 22, 2021 /PRNewswire/ Schmitt Industries, Inc. (NASDAQ: SMIT) (the Company or Schmitt ) today announced its operating results for the fiscal quarter ended February 28, 2021. The operating results for the nine months ended February 28, 2021 include financial results from Schmitt s July 9, 2020 acquisition of Ample Hills Creamery ( Ample Hills ).
Highlights of the three months and nine months ended February 28, 2021
Consolidated revenues increased $573,477, or 52.4%, to $1,668,444 for the three months ended February 28, 2021, as compared to $1,094,967 for the three months ended February 28, 2020. For the nine months ended February 28, 2021, consolidated revenues increased $1,982,795, or 61.5%, to $5,205,641, as compared to $3,222,846 for the nine months ended February 28, 2020. ....

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