TRNS - Transcat Analysts Boost Their Forecasts After Upbeat Results | Benzinga
Transcat, Inc. (NASDAQ:TRNS) reported better-than-expected fourth-quarter financial results, after the closing bell on Monday.
Transcat posted adjusted earnings of 66 cents per share, beating market estimates of 53 cents per share. The company's quarterly sales came in at $70.913 million versus expectations of $68.595 million, according to data from Benzinga Pro.
“We are extremely pleased with our fourth quarter and full year fiscal 2024 results as double-digit organic Service revenue growth and increased productivity drove Service gross margin expansion while Distribution gross margins soared due to growth in Rentals,” commented Lee D. Rudow, President and CEO. “Adjusted EBITDA growth of 30% for the fourth quarter ...