Page 9 - Transcat Blog

• Service segment revenue increased 18.1% with strong Service organic growth of 15.1%
• Productivity initiatives developing early traction as Service segment gross margin expanded 140 basis points; consolidated gross profit margin increased 150 basis points
• Consolidated operating income grew more than 40% on total revenue growth of 7.4%
• Achieved net income of $2.4 million and diluted earnings per share of $0.32, up $0.12

ROCHESTER, NY, October 9, 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 second quarter fiscal year 2020 results after the close of financial markets on Tuesday, October 22, 2019.

ROCHESTER, NY, September 12, 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 Sidoti Fall 2019 Conference in New York City on Wednesday, September 25, 2019.

ROCHESTER, NY, August 6, 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 promoted Leanne E. Branham to Vice President, Service Operations. Ms. Branham will report directly to Lee D. Rudow, President and CEO, and be responsible for leveraging Transcat’s quality programs, metrology expertise, breadth of capabilities, and service delivery options throughout its North American market.

• Consolidated revenue grew 15.7% to a first quarter record of $42.4 million, driven by double-digit organic growth
• Transcat continued to take market share in regulated markets with Service segment organic revenue growth of 11.9%
• Achieved net income of $1.7 million, or $0.23 per diluted share
• Acquired calibration automation software company last week to accelerate operational excellence initiatives

ROCHESTER, NY, July 10, 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 first quarter fiscal year 2020 results after the close of financial markets on Tuesday, July 23, 2019.

ROCHESTER, NY, July 10, 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 first quarter fiscal year 2020 results after the close of financial markets on Tuesday, July 23, 2019.

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