Transcat, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 30, 2024
May 21, 2024 at 02:00 pm
Share
Transcat, Inc. reported earnings results for the fourth quarter and full year ended March 30, 2024. For the fourth quarter, the company reported revenue was USD 70.91 million compared to USD 62.07 million a year ago. Net income was USD 6.89 million compared to USD 3.66 million a year ago. Basic earnings per share from continuing operations was USD 0.78 compared to USD 0.48 a year ago. Diluted earnings per share from continuing operations was USD 0.77 compared to USD 0.48 a year ago.
For the full year, revenue was USD 259.48 million compared to USD 230.57 million a year ago. Net income was USD 13.65 million compared to USD 10.69 million a year ago. Basic earnings per share from continuing operations was USD 1.66 compared to USD 1.42 a year ago. Diluted earnings per share from continuing operations was USD 1.63 compared to USD 1.4 a year ago.
Transcat, Inc. is a provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation. The Company is focused on providing services and products to highly regulated industries, particularly the life science industry, which includes pharmaceutical, biotechnology, medical device and other FDA-regulated businesses. Through its Service segment, it offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services, a majority of which are processed through its asset management system, CalTrak, and its online customer portal, C3. It also provides permanent and periodic onsite services, mobile calibration services, pickup and delivery and in-house services. Through its Distribution segment, it sells and rents national and proprietary brand instruments to customers globally.