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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.
Transcat
Transcat
Transcat Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.comDistribution Revenue
CapyFin.com 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