Transcat, Inc. (TRNS) Reports Q4 EPS of $0.64 on Revenues of $7.9M

Transcat, Inc. (NASDAQ: TRNS) reported Q4 EPS of $0.64. Revenue for the quarter came in at $7.9 million, versus $0 reported last year.

Outlook

Mr. Rudow concluded, “We entered fiscal 2018 with excellent momentum and high expectations. During the past year, we made important, strategic investments in physical assets, as well as in leadership that we expect to help advance Transcat and our long-term strategy. We anticipate that the traction we have gained with these investments will continue.

“Fiscal 2018 will be a year of continued emphasis on improving “Operational Excellence,” an initiative that we believe will improve customer experiences, expand organic growth potential, and strengthen our acquisition integration process, allowing us to capitalize on acquired synergies at a faster pace. We continually assess opportunities that can either enhance our capabilities and expertise, expand our geographic presence or are bolt-ons that can leverage our current infrastructure.

“Looking further ahead, we believe our capital and leadership investments have positioned us well to meet our goal of achieving $175 million to $200 million in revenue over the next three to four years.”

Transcat expects its income tax rate to range between 34% and 36% in fiscal 2018.

The Company anticipates total capital expenditures to be approximately $6.0 million to $6.5 million in fiscal 2018, with the majority of the incremental capital expenditures in excess of fiscal 2017 amounts planned for IT infrastructure investments to drive operational excellence and for specific customer-opportunity driven Service capabilities. Of the capital expenditures anticipated for fiscal 2018, the Company expects spending for maintenance/existing asset replacements to be consistent with fiscal 2017 at approximately $1.0 million to $1.5 million.

• Full year operating income improves 25.9% to $7.9 million
• Full year earnings per diluted share up 10.3% to a record $0.64
• Service segment revenue up 11.2% for the fourth quarter and 20.1% for full fiscal year

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

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