Transcat, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 23, 2023
January 30, 2024 at 07:30 am EST
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Transcat, Inc. reported earnings results for the third quarter and nine months ended December 23, 2023. For the third quarter, the company reported revenue was USD 65.17 million compared to USD 57.4 million a year ago. Net income was USD 3.35 million compared to USD 1.6 million a year ago. Basic earnings per share from continuing operations was USD 0.39 compared to USD 0.21 a year ago. Diluted earnings per share from continuing operations was USD 0.38 compared to USD 0.21 a year ago.
For the nine months, revenue was USD 188.57 million compared to USD 168.5 million a year ago. Net income was USD 6.76 million compared to USD 7.03 million a year ago. Basic earnings per share from continuing operations was USD 0.84 compared to USD 0.93 a year ago. Diluted earnings per share from continuing operations was USD 0.83 compared to USD 0.92 a year ago.
Transcat, Inc. is a provider of accredited calibration, reliability, maintenance optimization, quality and compliance, validation, computerized maintenance management system (CMMS), and pipette services. The Company is focused on providing services and products to regulated industries, particularly the life science industry, which includes pharmaceutical, biotechnology, medical device, and other FDA-regulated businesses, as well as aerospace and defense, and energy and utilities. Its Service segment 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. Its Distribution segment sells and rents national and brand instruments to customers globally. It provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its 27 calibration service centers.
TRANSCAT, INC. 
