Transcat, Inc. (TRNS) Tops Q4 EPS by 10c

Transcat, Inc. (NASDAQ: TRNS) reported Q4 EPS of $0.33, $0.10 better than the analyst estimate of $0.23. Revenue for the quarter came in at $42.5 million versus the consensus estimate of $40.9 million.

Outlook

Mr. Rudow concluded, “We are pleased with the results we delivered for fiscal 2018. We continue to expect mid to high single-digit organic growth in our Service segment and believe we will continue to take market share, particularly within the life science space. Our pipeline of acquisitionopportunities is strong, and continues to be an important element of our long-term growth strategy. We are building our business for the long term with investments in operational excellence and technology, both of which are designed to improve infrastructure to expand margins incrementally over time.

“We think we have a great leadership team in place, are confident in our direction, and believe we have positioned Transcat to be successful for our shareholders.”

Transcat expects its income tax rate to range between 25% and 27% in fiscal 2019. This rate includes Federal, various state, and Canadian income taxes.

The Company anticipates total capital expenditures to be approximately $7.0 million to $7.5 million in fiscal 2019, with the majority of the incremental capital expenditures in excess of fiscal 2018 spend levels planned for IT infrastructure investments to drive operational excellence and for growth-oriented opportunities within both of its operating segments. Maintenance/existing asset replacements are expected to be consistent with fiscal 2018 at approximately $1.0 million to $1.5 million.

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

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