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Stock impact report

Transcat reaffirms high single-digit Q4 organic service growth outlook while advancing acquisition strategy [Seeking Alpha]

Transcat, Inc. (TRNS) 
Last transcat, inc. earnings: 2/4 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: transcat.com/investor-relations
Company Research Source: Seeking Alpha
President and CEO Lee Rudow stated that "Transcat delivered strong performance across our entire business portfolio in the third quarter. Consolidated revenue was up 26% to $83.9 million, driven by double-digit revenue growth in both Quick Insights Double-digit growth in distribution and service, increased demand in regulated markets, acquisition contributions, and rental channel strength drove revenue and profit gains. Onboarding costs are temporarily pressuring service margins but expected to normalize; CEO succession incurs one-time expenses impacting net income short term. Management reaffirms high single-digit organic service growth and remains focused on acquisition-driven expansion with a strong pipeline and geographic targets. Recommended For You More Trending News Show less Read more
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