Transcat Q1 revenue up 10.9% to $60.6M; service organic growth 11.2%, margins expand

TRANSCAT INC

2023-Q1 EPS reported $0.38 revenue$60,598,000

Service revenue +17.6% to $39.9M, organic growth 11.2%; service gross margin +50 bps.
Consolidated gross margin expanded 160 bps to 30.9%; adjusted EBITDA +16.1% to $8.5M.
Distribution gross margin +270 bps to 27.7% on strong rental; revenue flat at $20.7M.
Acquired SteriQual (life sciences CQV consulting) post-quarter; TIC-MS added early in Q1.
Diluted EPS $0.38 vs $0.40; adjusted diluted EPS $0.52 vs $0.54.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRANSCAT INC reported financial results for first quarter ended June 24, 2023.

Period: first quarter ended June 24, 2023
Result: reported results

Exact text from the filing

On July 31, 2023, Transcat, Inc. (the “Company”) issued a press release announcing its financial results for its fiscal year 2024 first quarter ended June 25, 2023.

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Source: SEC EDGAR

accession 0001437749-23-021301

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