Company profile

Ticker
TRNS
Exchange
CEO
Lee D. Rudow
Employees
Incorporated in
Location
Fiscal year end
Former names
Transmation Inc
SEC CIK
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

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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.
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