Monthly Archives: May 2021

  1. Transcat Reports Record Revenue, Operating Income and Cash Flow for Fourth Quarter and Full Year Fiscal 2021

    • Consolidated fourth quarter revenue of $48.8 million up 6.6% from prior year; full year revenue slightly above prior year
    • Service segment fourth quarter organic revenue grew 10% and gross margin expanded 500 basis points to 33.9%
    • Service segment surpassed $100 million in revenue and 30% gross margin milestones for the full year
    • Record full year operating income and operating cash flow of $11.1 million and $23.6 million, respectively
    Read more »
  2. Transcat Announces Additions to Board of Directors

    ROCHESTER, NY, May 13, 2021 – 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 the appointments of Craig D. Cairns and Mbago M. Kaniki to its Board of Directors, effective May 12, 2021. These additions fill the vacancies that were created by the retirement of John Smith in January 2021 and Alan Resnick, who departed from the Board in September 2020. Both new Directors are considered independent.

    Read more »
  3. Transcat Announces Fourth Quarter and Full Fiscal Year 2021 Conference Call and Webcast

    ROCHESTER, NY, May 5, 2021 – 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 fourth quarter and full fiscal year 2021 results after the close of financial markets on Tuesday, May 18, 2021.

    Read more »