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

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

July 21, 2020 4:15 PM EDT

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 million Service gross margin expanded 240 basis points to 26.4% driven by sustainable improvements from ongoing productivity initiatives Achieved net income of $0.8 million, or $0.11 per diluted share Generated $4.0 million of cash from operations in the first quarter

ROCHESTER, N.Y.--(BUSINESS... More