Transcat, Inc. Reports Earnings Results for the First Quarter Ended June 24, 2023
August 01, 2023 at 08:28 am
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Transcat, Inc. reported earnings results for the first quarter ended June 24, 2023. For the first quarter, the company reported revenue was USD 60.6 million compared to USD 54.66 million a year ago. Net income was USD 2.95 million compared to USD 3.07 million a year ago.
Basic earnings per share from continuing operations was USD 0.39 compared to USD 0.41 a year ago. Diluted earnings per share from continuing operations was USD 0.38 compared to USD 0.4 a year ago.
Transcat, Inc. is a provider of accredited calibration, reliability, maintenance optimization, quality and compliance, validation, computerized maintenance management system (CMMS), and pipette services. The Company is focused on providing services and products to regulated industries, particularly the life science industry, which includes pharmaceutical, biotechnology, medical device, and other FDA-regulated businesses, as well as aerospace and defense, and energy and utilities. Its Service segment offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services, a majority of which are processed through its asset management system, CalTrak and its online customer portal, C3. Its Distribution segment sells and rents national and brand instruments to customers globally. It provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its 27 calibration service centers.
TRANSCAT, INC. 
