TRNS Transcat, Inc.
Transcat, Inc. engages in provision of calibration and laboratory instrument services. It operates through Service and Distribution segments. The Service segment offers calibration, repair, inspection, analytical qualifications, preventive maintenance, consulting, and other related services. The Distribution segment distributes professional grade test, measurement, and control instrumentation. The company was founded in 1964 and is headquartered in Rochester, NY.
Company profile
Ticker
TRNS
Exchange
CEO
Lee D. Rudow
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Itron • Teradyne • Cohu • Allied Motion • Wireless Telecom • Data I/O • Aehr Test Systems • Intest • Frequency Electronics • EXFO ...
Former names
Transmation Inc
SEC CIK
Corporate docs
IRS number
160874418
TRNS stock data
()
Calendar
6 Aug 19
24 Aug 19
28 Mar 20
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 42.4M | 44.49M | 40.87M | 38.88M | |
| Net income | 1.72M | 2.66M | 1.57M | 1.49M | |
| Diluted EPS | 0.23 | 0.35 | 0.21 | 0.2 | |
| Net profit margin | 4.05% | 5.98% | 3.84% | 3.83% | |
| Operating income | 1.96M | 3.63M | 2.39M | 2.18M | |
| Net change in cash | -167K | -32K | 249K | 85K | |
| Cash on hand | 621K | 788K | 820K | 571K | |
| Cost of revenue | 32.34M | 32.95M | 31.32M | 29.74M |
| Annual (USD) | Mar 19 | Mar 17 | Mar 16 | Mar 15 | |
|---|---|---|---|---|---|
| Revenue | 160.9M | 143.9M | 122.17M | 123.62M | |
| Net income | 7.15M | 4.52M | 4.12M | 4.03M | |
| Diluted EPS | 0.95 | 0.64 | 0.58 | 0.57 | |
| Net profit margin | 4.44% | 3.14% | 3.38% | 3.26% | |
| Operating income | 10.23M | 7.93M | 6.3M | 6.77M | |
| Net change in cash | -54K | 201K | 576K | ||
| Cash on hand | 788K | 842K | 641K | 65K | |
| Cost of revenue | 121.56M | 108.93M | 93.05M | 56.84M |
Financial data from Transcat earnings reports
Financial report summary
?Management Discussion
- During our first quarter of fiscal year 2020, we had consolidated revenue of $42.4 million. This represented an increase of $5.7 million or 15.7% versus the first quarter of fiscal year 2019. We showed significant revenue growth in both of our segments. Excluding acquired revenue, organic revenue growth was 13.1%.
- First quarter gross profit improved 10.3% or $0.9 million versus the first quarter of fiscal year 2019. Gross margin was 23.7%, a decrease of 120 basis points, versus the first quarter of fiscal year 2019. This decrease reflected continued investments to support the strong Service segment revenue growth and product mix changes within the Distribution segment.
- Operating expenses increased $1.0 million when compared to the prior year first quarter. Included in operating expenses during the first quarter of fiscal year 2020 was a $0.2 million loss on the sale of a Company-owned building in Montana that was no longer needed for operations. As a percentage of total revenue, operating expenses were 19.1%, down 20 basis points from 19.3% in the first quarter of fiscal year 2019. Operating income declined 3.3% or $0.1 million and operating margin decreased by 90 basis points.
Content analysis
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| Litigous | ||
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New words:
adapt, aided, August, build, building, California, CalTree, column, commercialized, compete, datasheet, desired, discrete, efficiency, enhance, enterprise, expenditure, face, facilitating, formula, front, Gauge, good, GRS, headquartered, hindsight, inability, Infinite, line, Mississauga, Montana, network, Ontario, owner, package, platform, presence, rebate, redeemed, Repair, sale, satisfaction, sector, senior, separately, shown, skilled, smaller, software, southern, subsequent, suite, system
Financial reports
10-Q
2020 Q1
Quarterly report
6 Aug 19
10-K
2019 FY
Annual report
7 Jun 19
10-Q
2019 Q3
Quarterly report
5 Feb 19
10-Q
2019 Q2
Quarterly report
6 Nov 18
10-Q
2019 Q1
Quarterly report
7 Aug 18
10-K
2018 FY
Annual report
8 Jun 18
10-Q
2018 Q3
Quarterly report
2 Feb 18
10-Q
2017 Q2
Quarterly report
3 Nov 17
10-Q
2017 Q1
Quarterly report
4 Aug 17
10-K
2017 FY
Annual report
19 Jun 17
Current reports
8-K
Transcat Reports Nearly 16% Revenue Growth for Fiscal 2020 First Quarter
24 Jul 19
8-K
Departure of Directors or Certain Officers
25 Jun 19
8-K
Entry into a Material Definitive Agreement
28 May 19
8-K
Transcat Reports Operating Income Up 13% on Record Revenue for Fiscal 2019
22 May 19
8-K
Amendments to Articles of Incorporation or Bylaws
3 May 19
8-K
Transcat Expands Its Southern California Presence with Acquisition of Gauge Repair Service
1 Apr 19
8-K
Regulation FD Disclosure
27 Feb 19
8-K
Transcat Reports Record Third Quarter Revenue in Fiscal 2019
5 Feb 19
8-K
Entry into a Material Definitive Agreement
12 Dec 18
8-K
Transcat Operating Income Increases 49% on 8% Revenue Growth for Fiscal 2019 Second Quarter
24 Oct 18
Registration and prospectus
S-3
Shelf registration
20 Dec 17
S-8
Registration of securities for employees
8 Oct 13
S-8
Registration of securities for employees
27 Sep 13
S-3/A
Shelf registration (amended)
23 Jul 08
S-3
Shelf registration
17 Jul 08
S-8
Registration of securities for employees
24 Oct 03
S-8
Registration of securities for employees
20 Jan 00
S-3/A
Shelf registration (amended)
5 Feb 98
S-3
Shelf registration
16 Dec 97
S-8
Registration of securities for employees
25 Jul 96
Proxies
DEFA14A
Additional proxy soliciting materials
25 Jul 19
DEF 14A
Definitive proxy
25 Jul 19
DEFA14A
Additional proxy soliciting materials
26 Jul 18
DEF 14A
Definitive proxy
26 Jul 18
DEF 14A
Definitive proxy
27 Jul 17
DEF 14A
Definitive proxy
21 Jul 16
DEF 14A
Definitive proxy
23 Jul 15
PRE 14A
Preliminary proxy
2 Jul 15
DEF 14A
Definitive proxy
25 Jul 14
DEF 14A
Definitive proxy
26 Jul 13