Transcat, Inc. (NASDAQ: TRNS) reported Q4 EPS of $0.66, $0.01 better than the analyst estimate of $0.65. Revenue for the quarter came in at $70.91 million versus the consensus estimate of $68.6 million.

Outlook

Mr. Rudow concluded, “The Transcat team continues to deliver strong revenue growth and sustainable gross margin expansion as can be seen over the past decade and a half of profitable growth. As we think ahead into fiscal 2025, our business will continue to benefit from recurring revenue streams in highly regulated end markets, including life sciences, along with a growing Rentals business that performs well throughout various economic cycles. We expect another year of organic Service revenue growth in the high single-digit to low double-digit range when normalized for the extra week in fiscal 2024 and gross margin expansion. Automation of our calibration processes and overall process improvement will continue to be key enablers of future margin expansion.

For earnings history and earnings-related data on Transcat, Inc. (TRNS) click here.