Monthly Archives: January 2024

  1. Transcat Reports Strong Third Quarter Results on Service Gross Margin Expansion and Adjusted EBITDA Growth

    • 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"),

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  2. Transcat Announces Third Quarter Fiscal Year 2024 Conference Call and Webcast

    ROCHESTER, NY, January 15, 2024 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its third quarter fiscal year 2024 results after the close of financial markets on Monday, January 29, 2024. The Company will host a conference call and webcast on Tue, Jan 30, 2024 11:00 AM EST

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