Transcat Reports Record Third Quarter Revenue in Fiscal 2020
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Transcat, Inc. (TRNS) Misses Q3 EPS by 5c
February 4, 2020 4:36 PM ESTTranscat, Inc. (NASDAQ: TRNS) reported Q3 EPS of $0.20, $0.05 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $43.2 million versus the consensus estimate of $43.05 million.
Record third quarter consolidated revenue of $43.2 million in fiscal 2020Solid Service segment organic revenue growth of 7.8% reflects continued market expansion, including within the highly regulated life sciences marketDistribution segment revenue growth of 3.5%Generated $8.2 million in cash from fiscal year-to-date operations, up 13.6%Lee D. Rudow, President and CEO, commented, We had solid growth in the third quarter, despite being... More
