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

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

October 27, 2020 4:15 PM EDT

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 challenging market environment; Service segment achieved 46th consecutive quarter of year-over-year growth Quarterly cash from operations of $8.5 million; debt reduced by $5.8 million

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Transcat, Inc. (Nasdaq:... More