Transcat, Inc. (TRNS) Tops Q1 EPS by 20c

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Go back to Transcat, Inc. (TRNS) Tops Q1 EPS by 20c

Transcat Reports Strong First Quarter Results on Double-Digit Organic Service Growth and Expanding Gross Margins

July 31, 2023 4:04 PM EDT

First quarter consolidated revenue up 10.9% with 160 basis points gross margin expansion First quarter service revenue up 17.6%, service organic revenue growth of 11.2% First quarter service gross profit increased 19.7%; service gross margin expanded 50 basis points First quarter consolidated adjusted EBITDA grew 16.1% with adjusted EBITDA margin expanding 60 basis points

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... More