Schmitt Industries, Inc. designs, manufactures and sells test and measurement products. The Company operates under two business segments: the Balancer segment and the Measurement segment. The Company, through the Balancer segment, is engaged in the design and assembly of dynamic balancing systems and components for the machine tool industry. Through its Measurement segment, the Company is engaged in the design and assembly of laser-based test and measurement systems. It designs, manufactures and sells computer-controlled vibration detection, balancing and process control systems for the machine tool industry. Through its wholly owned subsidiary, Schmitt Measurement Systems, Inc., it designs, manufactures and sells laser and white light sensors, laser-based micro roughness measurement products, laser-based surface analysis and measurement products, and ultrasonic measurement products. It also provides sales and service for Europe and Asia through its subsidiary, Schmitt Europe Limited.