Transcat Reports Operating Income of $1.0 Million from Service Segment Revenue and Margin Growth for Fiscal 2021 First Quarter

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Go back to Transcat Reports Operating Income of $1.0 Million from Service Segment Revenue and Margin Growth for Fiscal 2021 First Quarter

Transcat, Inc. (TRNS) Tops Q1 EPS by 14c

July 21, 2020 4:21 PM EDT

Transcat, Inc. (NASDAQ: TRNS) reported Q1 EPS of $0.11, $0.14 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $38.9 million versus the consensus estimate of $39.39 million.

In challenging times, Service segment revenue grew 2.5%Consolidated gross margin up 50 basis points to 24.2%, despite lower revenue of $38.9 millionService gross margin expanded 240 basis points to 26.4% driven by sustainable improvements from ongoing productivity initiativesAchieved net income of $0.8... More