Transcat Reports Record Second Quarter Operating Income of $3.1 Million on Strong Service Gross Margin

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Go back to Transcat Reports Record Second Quarter Operating Income of $3.1 Million on Strong Service Gross Margin

Transcat, Inc. (TRNS) Tops Q2 EPS by 10c, Revenues Beat

October 27, 2020 4:30 PM EDT

Transcat, Inc. (NASDAQ: TRNS) reported Q2 EPS of $0.27, $0.10 better than the analyst estimate of $0.17. Revenue for the quarter came in at $41.6 million versus the consensus estimate of $40.29 million.

Consolidated gross margin up 260 basis points to 27.6% driven by impressive Service segment gross margin of 32.2%Total revenue of $41.6 million consistent with prior-year period in a... More