Transcat Reports Second Quarter Adjusted EBITDA Increase of 35.5% to $7.1 Million on Strong Revenue Growth and Gross Margin Expansion
Transcat, Inc. (TRNS)
Last transcat, inc. earnings: 2/4 04:15 pm
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US:NASDAQ Investor Relations:
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Source: Business Wire
Consolidated revenue of $50.4 million up 21.1% from prior yearService segment revenue grew 20.3% and gross margin expanded 70 basis points to 32.9%; organic revenue grew 14.0%Distribution segment revenue grew 22.2% and gross margin expanded 240 basis points to 23.5%Operating expenses include $0.8 million of one-time transaction costs from NEXA acquisition; adjusted EBITDA of $7.1 million, up 35.5% from prior year 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 second quarter ended September 25, 2021 (the “second quarter”) of fiscal year 2022, which ends March 26, 2022 (“fiscal 2022”). Results include the previously reported acquisitions of BioTek Services, Inc. (“BioTek”) effective December 16
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News
- Transcat, Inc. (NASDAQ: TRNS) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $125.00 price target on the stock, up previously from $120.00.MarketBeat
- Transcat Stock: Time To Recalibrate [Seeking Alpha]Seeking Alpha
- Transcat, Inc. (NASDAQ: TRNS) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $124.00 price target on the stock.MarketBeat
- Woodbridge International Announces Sale of Becnel Rental Tools, Inc. to Transcat, Inc. [Yahoo! Finance]Yahoo! Finance
- Transcat announces acquisition of Becnel Rental Tools for $50M [Seeking Alpha]Seeking Alpha
TRNS
Earnings
- 1/29/24 - Beat
TRNS
Sec Filings
- 4/15/24 - Form 8-K
- 4/10/24 - Form 8-K/A
- 4/9/24 - Form 8-K
- TRNS's page on the SEC website