Transcat Achieves Strong Operating Income Growth on Margin Expansion for Fiscal 2019 First Quarter
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Transcat, Inc. (TRNS) Tops Q1 EPS by 2c, Revenues Miss
July 24, 2018 4:22 PM EDTTranscat, Inc. (NASDAQ: TRNS) reported Q1 EPS of $0.19, $0.02 better than the analyst estimate of $0.17. Revenue for the quarter came in at $36.66 million versus the consensus estimate of $39.06 million.
The operating leverage we believe is inherent in our business combined with the early impact from our operational excellence initiatives were demonstrated in the first quarter with only modest improvement in revenue. Both of our segments saw margin expansion, resulting in enhanced profitability, commented Lee D. Rudow, President and CEO.
He continued, Our Service... More
