Page 14 - Transcat Blog

ROCHESTER, NY, July 1, 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, announced that, effective today, it was added to the Russell 2000 and 3000 Indexes as well as the appropriate growth and value style indexes following the conclusion of the 2019 Russell indexes annual reconstitution.

ROCHESTER, NY, May 29, 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, announced that Lee D. Rudow, President and Chief Executive Officer, and Michael J. Tschiderer, Chief Financial Officer, will present and be available for investor meetings at the Stifel 2019 Cross Sector Insight Conference in Boston on Tuesday, June 11, 2019.

• Record fourth quarter and full fiscal year revenue of $44.5 million and $160.9 million
• Service segment continued to deliver strong organic growth of 13.6% and 8.6% in the fourth quarter and fiscal 2019 period, respectively, when normalizing for a 52-week fiscal year
• Consolidated gross margin expanded 20 basis points in the fourth quarter and 40 basis points for the full fiscal year
• Achieved record net income of $2.7 million, or $0.35 per diluted share, for the fourth quarter and record net income of $7.1 million, or $0.95 per diluted share, for full fiscal 2019
• Generated $12.6 million of cash from operations in fiscal 2019, up $2.7 million or 27% from fiscal 2018

ROCHESTER, NY, May 8, 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, announced that it will release its fourth quarter and full fiscal year 2019 results after the close of financial markets on Tuesday, May 21, 2019.

ROCHESTER, NY, April 1, 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, announced that it has acquired substantially all of the assets of Gauge Repair Service ("GRS"), effective April 1, 2019. Financial terms of the transaction were not disclosed.

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Transcat Reports Record Third Quarter Revenue in Fiscal 2019

• Achieved 9.2% Service segment revenue growth with solid U.S. Service organic growth of 6.9% offsetting soft results of Canada operations
• Service margins impacted by short-term productivity challenges of its technical work force
• Distribution segment gross margin increased 180 basis points on gross profit growth due to strategic optimization of customer channel mix and pricing
• Generated $7.2 million in cash from year-to-date operations, up 25%

ROCHESTER, NY, January 22, 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, announced that it will release its third quarter fiscal year 2019 results after the close of financial markets on Monday, February 4, 2019.

Transcat Operating Income Increases 49% on 8% Revenue Growth for Fiscal 2019 Second Quarter

• Solid Service segment organic revenue growth of 7.6%; total Service revenue up 9.1%
• Distribution segment sales increase 7.3%; delivers expanded gross and operating margins
• Operating leverage demonstrated with operating margin expansion of 150 basis points to 5.6%
• Net income nearly doubled to $1.5 million; Diluted earnings per share increased $0.09 to $0.20

ROCHESTER, NY, October 10, 2018 – 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 second quarter fiscal year 2019 results after the close of financial markets on Tuesday, October 23, 2018.