Transcat News Releases

Transcat Reports Record Third Quarter Revenue in Fiscal 2019

• Achieved 9.2% Service segment revenue growth with solid U.S. Service organic growth of 6.9% offsetting soft results of Canada operations
• Service margins impacted by short-term productivity challenges of its technical work force
• Distribution segment gross margin increased 180 basis points on gross profit growth due to strategic optimization of customer channel mix and pricing
• Generated $7.2 million in cash from year-to-date operations, up 25%

ROCHESTER, NY, January 22, 2019 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its third quarter fiscal year 2019 results after the close of financial markets on Monday, February 4, 2019.

Transcat Operating Income Increases 49% on 8% Revenue Growth for Fiscal 2019 Second Quarter

• Solid Service segment organic revenue growth of 7.6%; total Service revenue up 9.1%
• Distribution segment sales increase 7.3%; delivers expanded gross and operating margins
• Operating leverage demonstrated with operating margin expansion of 150 basis points to 5.6%
• Net income nearly doubled to $1.5 million; Diluted earnings per share increased $0.09 to $0.20

ROCHESTER, NY, October 10, 2018 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its second quarter fiscal year 2019 results after the close of financial markets on Tuesday, October 23, 2018.

ROCHESTER, NY, September 13, 2018 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that Lee D. Rudow, President and Chief Executive Officer, and Michael J. Tschiderer, Chief Financial Officer, will present and be available for investor meetings at the Sidoti & Company Fall Conference in New York City on Thursday, September 27, 2018.

ROCHESTER, NY, September 4, 2018 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it has acquired substantially all of the assets of Angel’s Instrumentation Inc. (“Angel’s Instrumentation” or "AI"), effective August 31, 2018. The purchase price was $4.7 million and is subject to certain customary holdback provisions.

ROCHESTER, NY, August 6, 2018 – Transcat, Inc. (Nasdaq: TRNS), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that Lee D. Rudow, President and Chief Executive Officer, and Michael J. Tschiderer, Chief Financial Officer, will present and be available for investor meetings at the 7th Annual Intellisight Conference in Minneapolis on Wednesday, August 15, 2018.

ROCHESTER, NY, July 24, 2018 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, today reported financial results for its first quarter ended June 30, 2018 (the “first quarter”) of fiscal year 2019, which ends March 30, 2019 (“fiscal 2019”).

ROCHESTER, NY, July 11, 2018 – Transcat, Inc. (Nasdaq: TRNS), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its first quarter fiscal year 2019 results after the close of financial markets on Tuesday, July 24, 2018.

ROCHESTER, NY, June 28, 2018 – Transcat, Inc. (NASDAQ: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it has acquired substantially all of the assets of NBS Calibrations, Inc. ("NBS"), effective June 12, 2018.