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Transcat Inc. provides test, measurement, control and calibration services through Service and Distribution operations. Its Service segment covers calibration capabilities for customers in regulated markets, while its Distribution business markets, sells and rents new and used national and proprietary brand instruments, primarily in North America.
Company news commonly covers quarterly operating results, service organic growth, rental-driven distribution trends, acquisitions that expand calibration capacity and geography, and executive succession or compensation actions. Recent acquisition activity has added calibration laboratories in New England and Costa Rica, extending the company’s service footprint into Latin America.
Transcat, Inc. (Nasdaq: TRNS), a leading provider of accredited calibration services and professional test equipment, has announced its upcoming first quarter fiscal year 2025 conference call and webcast. The company will release its financial results on Monday, July 29, 2024, after market close. The conference call is scheduled for Tuesday, July 30, 2024, at 11:00 a.m. Eastern Time.
Investors and analysts can join the call via phone at (201) 689-8471 or access the webcast and accompanying slide presentation on Transcat's investor relations website. A replay of the call will be available until August 6, 2024, by dialing (412) 317-6671 with conference ID 13747789. The webcast replay and transcript will also be accessible on the company's website.
Transcat reported significant growth in fiscal 2024, with double-digit organic service revenue growth and gross margin expansion. Fourth-quarter service gross margin expanded by 170 basis points due to a 13% increase in organic service growth. Distribution gross margin rose by 510 basis points, driven by rental strength. Consolidated adjusted EBITDA grew 29.8%, with a 200 basis point margin expansion.
Fiscal 2024 saw a 14.3% increase in consolidated revenue to $70.9 million. Consolidated gross profit rose by 25.5% to $24.0 million. Net income nearly doubled to $6.9 million, while adjusted EBITDA increased by 29.8% to $11.7 million. The company completed three acquisitions, enhancing its market reach and service offerings.
Cash flow from operations surged by 92% to $32.6 million. Total revenue for the year reached $259.5 million, a 12.5% increase, while net income per diluted share rose to $1.63 from $1.40. The outlook for fiscal 2025 remains optimistic, with continued growth expected in highly regulated markets and rental services.
Transcat, Inc. (Nasdaq: TRNS) announced the release of its fourth quarter fiscal year 2024 results on May 20, 2024. The company will host a conference call and webcast on May 21, 2024, to discuss financial and operating results, corporate strategy, and outlook.
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