Transcat Reports Operating Income Up 13% on Record Revenue for Fiscal 2019
ROCHESTER, NY, May 21, 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, today reported financial results for its fourth quarter and fiscal year ended March 30, 2019 (“fiscal 2019”). Transcat operates on a 52/53 week fiscal year, ending the last Saturday in March. In a 52-week fiscal year, each of the four quarters is a 13-week period. In a 53-week fiscal year (which occurs once every five or six years), the last quarter is a 14-week period. Fiscal 2019 consisted of 52 weeks while the fiscal year ended March 31, 2018 (“fiscal 2018”) consisted of 53 weeks. Results include the previouslyreported acquisition of Angel’s Instrumentation, Inc (“Angel’s”), effective as of August 31, 2018.