Transcat Q2 FY2024: service revenue up 17.5%, adjusted EPS $0.60 vs $0.44

TRANSCAT INC

2023-Q2 EPS reported $0.43 revenue$123,402,000

Consolidated revenue $62.8M, up 11.3% YoY; gross margin expanded 230 bps to 32.0%.
Service segment revenue $41.4M (+17.5%), organic growth 10% driven by life sciences demand.
Adjusted EBITDA $9.33M (+23.9%), margin up 160 bps to 14.9%.
Completed acquisitions of SteriQual and Axiom in Q2; public offering used to repay credit facility.
Adjusted diluted EPS $0.60, up 36.4% from $0.44 in prior-year quarter.

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 second quarter ended September 23, 2023.

Period: second quarter ended September 23, 2023
Result: reported results

Exact text from the filing

On October 30, 2023, Transcat, Inc. (the “Company”) issued a press release announcing its financial results for its fiscal year 2024 second quarter ended September 23, 2023.

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Source: SEC EDGAR

accession 0001437749-23-029450

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