Transcat Reports Fourth Quarter and Full Year 2020 Results
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Transcat, Inc. (TRNS) Tops Q4 EPS by 5c
May 19, 2020 4:18 PM EDTTranscat, Inc. (NASDAQ: TRNS) reported Q4 EPS of $0.33, $0.05 better than the analyst estimate of $0.28. Revenue for the quarter came in at $45.76 million versus the consensus estimate of $45.33 million.
Record fourth quarter and full fiscal year revenue of $45.8 million and $173.1 million, respectivelyService segment continued to deliver revenue growth of 2.9% and 10.7% in the fourth quarter and fiscal 2020, respectively, despite COVID-19 impact in the latter half of the fourth quarterService segment gross margin expanded 120 basis points to 28.9% in the fourth quarter; up 40 basis points for the fiscal yearAchieved record net income... More