Transcat Q3 FY2024 revenue up 13.5% to $65.2M; adj. EBITDA +38.5% to $9.1M

TRANSCAT INC

2024-Q3 EPS reported $0.83 revenue$188,568,000

Service revenue grew 15.4% to $41.5M; service gross margin expanded 250 bps on organic growth and productivity.
Distribution sales up 10.4% to $23.7M; distribution gross margin expanded 530 bps to 31.5% on rental strength.
Net income more than doubled to $3.35M; diluted EPS $0.38, adjusted diluted EPS $0.56 (+60% YoY).
Acquisitions (TIC-MS, SteriQual, Axiom) contributed to growth; integration driving cross-sell synergies and accretion.
Operating cash flow YTD of $26.9M; adjusted EBITDA margin expanded 250 bps to 14.0%.

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 0.95

TRANSCAT INC reported the third quarter ended December 23, 2023 results: revenue $65,166, net income $3,348, EPS $0.56.

Period: the third quarter ended December 23, 2023
Revenue: $65,166
Net income: $3,348
EPS: $0.56
Result: reported results

Exact text from the filing

2023 ( “ fiscal 2023 ” )) ($ in thousands) Change FY24 Q3 FY23 Q3 $'s % Service Revenue $ 41,509 $ 35,977 $ 5,532 15.4 % Distribution Sales 23,657 21,425 2,232 10.4 % Revenue $ 65,166 $ 57,402 $ 7,764 13.5 % Gross Profit $ 20,936 $ 16,400 $ 4,536 27.7 % Gross Margin 32.1 % 28.6 % Operating Income $ 4,294 $ 3,163 $ 1,131 35.8 % Operating Margin 6.6 % 5.5 % Net

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Source: SEC EDGAR

accession 0001437749-24-002508

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