Transcat Reports Nearly 16% Revenue Growth for Fiscal 2020 First Quarter
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Transcat, Inc. (TRNS) Tops Q1 EPS by 3c, Revenues Beat
July 23, 2019 4:25 PM EDTTranscat, Inc. (NASDAQ: TRNS) reported Q1 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $42.4 million versus the consensus estimate of $38.89 million.
Consolidated revenue grew 15.7% to a first quarter record of $42.4 million, driven by double-digit organic growthTranscat continued to take market share in regulated markets with Service segment organic revenue growth of 11.9%Achieved net income of $1.7 million, or $0.23 per diluted shareAcquired calibration automation software company last week to accelerate operational excellence initiativesOur first quarter... More
