Monthly Archives: July 2020

Michael J. Tschiderer, Chief Financial Officer, plans to retire in Fall of 2020

James M. Jenkins, J.D., to join as General Counsel and Vice President of Corporate Development

• In challenging times, Service segment revenue grew 2.5%
• Consolidated gross margin up 50 basis points to 24.2%, despite lower revenue of $38.9 million
• Service gross margin expanded 240 basis points to 26.4% driven by sustainable improvements from ongoing productivity initiatives
• Achieved net income of $0.8 million, or $0.11 per diluted share
• Generated $4.0 million of cash from operations in the first quarter

ROCHESTER, NY, July 8, 2020 – 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 2021 results after the close of financial markets on Tuesday, July 21, 2020.