Transcat, Inc. (TRNS) Tops Q1 EPS by 24c
- Shares jump on tech boost; fragile yen on intervention watch
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- Wall Street closes higher as investors digest earnings, megacap outlook
- Tesla, AT&T, Biogen and Hasbro rise premarket; Uber, Enphase fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
Transcat Reports Record First Quarter Results on 23% Revenue Growth and Solid Gross Margin Expansion
July 27, 2021 4:30 PM EDTConsolidated revenue of $47.8 million up 22.8% from prior year Service segment revenue grew 20% and gross margin expanded 540 basis points to 31.8%; organic revenue grew 16.6% Distribution segment revenue grew 27% and gross margin expanded 260 basis points to 23.6% Adjusted EBITDA of $6.1 million, up 75% from prior year
ROCHESTER, N.Y.--(BUSINESS WIRE)-- Transcat, Inc. (Nasdaq: TRNS) (Transcat or the... More