Transcat Reports Third Quarter Operating Income Increase of 20% on Solid Service Organic Growth and Gross Margin Expansion

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Go back to Transcat Reports Third Quarter Operating Income Increase of 20% on Solid Service Organic Growth and Gross Margin Expansion

Transcat, Inc. (TRNS) Tops Q3 EPS by 4c, Revenues Beat

February 2, 2021 4:30 PM EST

Transcat, Inc. (NASDAQ: TRNS) reported Q3 EPS of $0.23, $0.04 better than the analyst estimate of $0.19. Revenue for the quarter came in at $44.06 million versus the consensus estimate of $42.67 million.

Total revenue of $44.1 million up 2% from prior-year period in an environment that continues to be impacted by the COVID-19 pandemicService segment organic revenue growth of 5.9%; Total Service revenue up 12.2%Service segment gross margin expanded 590 basis points to... More