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Jun 29, 2024
Transcat Q1 2025 Earnings Report
Transcat reported strong first-quarter results, marked by significant gross margin expansion and EBITDA growth.
Key Takeaways
Transcat's first quarter of fiscal year 2025 showed strong performance with a 10% increase in consolidated revenue, driven by consistent demand in regulated markets and successful integration of acquisitions. Gross margins expanded by 310 basis points, and adjusted EBITDA grew by 20.4%.
Consolidated revenue increased by 10.1% to $66.7 million.
Gross profit rose by 21.1% to $22.7 million, with gross margin expanding by 310 basis points.
Adjusted EBITDA increased by 20.4% to $10.2 million.
Net income per diluted share increased to $0.48, compared to $0.38 last year.
Revenue by Segment
Forward Guidance
Transcat anticipates another year of organic Service revenue growth in the high single-digit to low double-digit range, normalized for the extra week in fiscal 2024, and gross margin expansion. The company will continue to leverage expertise and acquisitions for synergistic growth.
Positive Outlook
- Expects organic Service revenue growth in the high single-digit to low double-digit range.
- Anticipates gross margin expansion.
- Will continue automation of calibration processes and productivity improvements.
- Plans to leverage expertise and track record for synergistic growth opportunities.
- Will focus on strategic, accretive acquisitions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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