Transcat, Inc. (NASDAQ: TRNS) reported Q1 EPS of $0.08, versus $0.06 reported last year. Revenue for the quarter came in at $29.7 million, versus $29.12 million reported last year.

Outlook

Mr. Rudow concluded, "We have made great strides in taking market share in our calibration services business, both organically and through acquisitions. As a result, we believe fiscal 2016 will be a strong year and expect consolidated operating income growth in the mid-teens. This annualized rate of growth reflects a normalized expectation to accommodate for higher performance-based variable compensation expenses, particularly in the fourth quarter."

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