- Service gross margin expanded 250 basis points driven by 9.1% Service organic growth
- Distribution gross margin expands 530 basis points to 31.5% on strength of Rentals
- Consolidated adjusted EBITDA grew 38.5% with margins expanding 250 basis points
- Operating Cash Flow of $26.9M year-to-date
ROCHESTER, NY, January 29, 2024 – 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 third quarter ended December 23, 2023 (the “third quarter”) of fiscal year 2024, which ends March 30, 2024 (“fiscal 2024”). Results include the previously reported acquisitions of TIC-MS, Inc. ("TIC-MS") effective March 27, 2023, SteriQual, Inc. ("SteriQual"), effective July 12, 2023 and Axiom Test Equipment, Inc. (“Axiom”), effective August 8, 2023.
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