Northland Downgrades Transcat Inc. (TRNS) to Market Perform 'on Valuation'
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Transcat Reports double-digit Organic Service Revenue Growth and significant Gross Margin expansion in both Segments for the Fourth Quarter and Full Year 2024
May 20, 2024 4:20 PM EDTFourth Quarter Service gross margin expanded 170 basis points driven by 13% Service organic growth Fourth Quarter Distribution gross margin expands 510 basis points to 30.3% on strength of Rentals Fourth Quarter Consolidated adjusted EBITDA grew 29.8% with margins expanding 200 basis points Generated $32.6M of Operating Cash Flow in fiscal 2024, 92% growth versus prior year
ROCHESTER, N.Y.--(BUSINESS WIRE)-- Transcat, Inc. (Nasdaq: TRNS) (Transcat or the Company), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control... More
