Page 11 - Transcat Blog

Adds new Service capabilities, expands market penetration to the life sciences market and strengthens Distribution sales platform

ROCHESTER, NY, January 22, 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 third quarter fiscal year 2020 results after the close of financial markets on Tuesday, February 4, 2020.

• Record third quarter consolidated revenue of $43.2 million in fiscal 2020
• Solid Service segment organic revenue growth of 7.8% reflects continued market expansion, including within the highly regulated life sciences market
• Distribution segment revenue growth of 3.5%
• Generated $8.2 million in cash from fiscal year-to-date operations, up 13.6%

ROCHESTER, NY, January 22, 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 third quarter fiscal year 2020 results after the close of financial markets on Tuesday, February 4, 2020.

ROCHESTER, NY, October 28, 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 appointed Oksana S. “Sandy” Dominach as an independent director to its Board. Ms. Dominach brings more than 32 years of experience and expertise in financial strategy, risk management and treasury, as well as over ten years of experience participating on a variety of public and non-for-profit boards. She is currently the Senior Vice President & Treasurer at Constellation Brands, Inc. (NYSE: STZ), a leading international producer and marketer of beer, wine and spirits.

• 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.