Page 8 - Investor Relations News

Michael J. Tschiderer, Chief Financial Officer, plans to retire in Fall of 2020

James M. Jenkins, J.D., to join as General Counsel and Vice President of Corporate Development

• In challenging times, Service segment revenue grew 2.5%
• Consolidated gross margin up 50 basis points to 24.2%, despite lower revenue of $38.9 million
• Service gross margin expanded 240 basis points to 26.4% driven by sustainable improvements from ongoing productivity initiatives
• Achieved net income of $0.8 million, or $0.11 per diluted share
• Generated $4.0 million of cash from operations in the first quarter

ROCHESTER, NY, July 8, 2020 – 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 first quarter fiscal year 2021 results after the close of financial markets on Tuesday, July 21, 2020.

• Record fourth quarter and full fiscal year revenue of $45.8 million and $173.1 million, respectively
• Service segment continued to deliver revenue growth of 2.9% and 10.7% in the fourth quarter and fiscal 2020, respectively, despite COVID-19 impact in the latter half of the fourth quarter
• Service segment gross margin expanded 120 basis points to 28.9% in the fourth quarter; up 40 basis points for the fiscal year
• Achieved record net income of $8.1 million, or $1.08 per diluted share, in fiscal 2020

ROCHESTER, NY, May 6, 2020 – 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 2020 results after the close of financial markets on Tuesday, May 19, 2020.

ROCHESTER, NY, March 30, 2020 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and valueadded distributor of professional grade handheld test, measurement and control instrumentation, provided an update on its operations and actions to address the COVID-19 pandemic.

LOS ANGELES, CA / ACCESSWIRE / February 26, 2020 – 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 announced that Michael J. Tschiderer, Chief Financial Officer, will present at the LD Micro Virtual Investor Conference on Tuesday, March 3, 2020.

Adds new Service capabilities, expands market penetration to the life sciences market and strengthens Distribution sales platform

ROCHESTER, NY, January 22, 2020 – 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 2020 results after the close of financial markets on Tuesday, February 4, 2020.

• Record third quarter consolidated revenue of $43.2 million in fiscal 2020
• Solid Service segment organic revenue growth of 7.8% reflects continued market expansion, including within the highly regulated life sciences market
• Distribution segment revenue growth of 3.5%
• Generated $8.2 million in cash from fiscal year-to-date operations, up 13.6%

ROCHESTER, NY, January 22, 2020 – 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 2020 results after the close of financial markets on Tuesday, February 4, 2020.