Transcat Reports Operating Income Up 13% on Record Revenue for Fiscal 2019
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Transcat, Inc. (TRNS) Tops Q4 EPS by 6c, Revenues Beat; Provides FY20 Operational Outlook
May 21, 2019 4:21 PM EDTTranscat, Inc. (NASDAQ: TRNS) reported Q4 EPS of $0.35, $0.06 better than the analyst estimate of $0.29. Revenue for the quarter came in at $44.5 million versus the consensus estimate of $42.4 million.
Record fourth quarter and full fiscal year revenue of $44.5 million and $160.9 millionService segment continued to deliver strong organic growth of 13.6% and 8.6% in the fourth quarter and fiscal 2019 period, respectively, when normalizing for a 52-week fiscal yearConsolidated gross margin expanded 20 basis points in the fourth quarter and 40 basis points for the full fiscal yearAchieved record net income of $2.7 million, or $0.35... More