Transcat Reports Nearly 16% Revenue Growth for Fiscal 2020 First Quarter
Last transcat, inc. earnings: 2/4 04:15 pm
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US:NASDAQ Investor Relations: transcat.com/investor-relations
Consolidated revenue grew 15.7% to a first quarter record of $42.4 million, driven by double-digit organic growthTranscat 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, N.Y.--(BUSINESS WIRE)--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 first quarter ended June 29, 2019 (the “first quarter”) of fiscal year 2020, which ends March 28, 2020 (“fiscal 2020”). Results include the previously-reported acquisitions of Angel’s Instrumentation, Inc (“Angel’s”), effective as of August 31, 2018 and
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