Transcat Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 26, 2015. For the quarter, the company reported total revenue of $30,160,000, operating income of $1,682,000, income before income taxes of $1,620,000, net income of $1,068,000, diluted earnings per share of $0.15 per diluted share, compared to the total revenue of $31,052,000, operating income of $1,377,000, income before income taxes of $1,294,000, net income of $813,000, diluted earnings per share of $0.11 per diluted share, for the same quarter a year ago. Total adjusted EBITDA was $2.6 million, a 12.5% improvement over the third quarter of fiscal 2015.

For the nine months period, the company reported total revenue of $89,306,000, operating income of $4,079,000, income before income taxes of $3,886,000, net income of $2,547,000, diluted earnings per share of $0.36 per diluted share, net cash provided by operating activities of $7,043,000, purchases of property and equipment of $3,755,000, compared to the total revenue of $91,282,000, operating income of $3,652,000, income before income taxes of $3,386,000, net income of $2,117,000, diluted earnings per share of $0.3 per diluted share, net cash provided by operating activities of $1,219,000, purchases of property and equipment of $2,709,000, for the same period a year ago. Adjusted EBITDA was $7.0 million, up 12.0% from $6.3 million for the same period in fiscal 2015.

The company had projected double-digit operating income growth, the company believe year-over-year operating income is likely to achieve flat to modest growth.