Loading...
•
Mar 26, 2022
Transcat Q4 2022 Earnings Report
Reported record revenue and adjusted earnings per share.
Key Takeaways
Transcat reported a strong fiscal year 2022, with consolidated fourth-quarter revenue up 14.6% year-over-year to $55.9 million and full fiscal year revenue surpassing $200 million. The Service segment saw a 19.6% revenue increase in the fourth quarter, while the Distribution segment grew by 7.2%. Diluted earnings per share for the fourth quarter were $0.40, and adjusted diluted earnings per share was $0.54.
Consolidated fourth quarter revenue increased by 14.6% year-over-year, reaching $55.9 million.
Service segment revenue grew by 19.6% in the fourth quarter.
Distribution segment revenue increased by 7.2% due to improved end market demand and strength in the Rentals business.
Fourth quarter diluted earnings per share was $0.40, and adjusted diluted earnings per share was $0.54.
Revenue by Segment
Forward Guidance
Transcat is well-positioned for profitable growth in fiscal 2023 and beyond, expecting high-single digit organic Service growth and continued margin improvement. Acquisitions will remain an important component of the company's strategy.
Positive Outlook
- Expect organic Service growth in the high-single digit range.
- Acquisitions will strengthen the fundamental value proposition.
- Significant investments in the quality of the team, including leaders that maintain expertise relating to continuous process improvement and automation.
- Automation of calibration processes and overall process improvement are designed to foster future margin gains.
- Anticipate demonstrating more leverage in selling, general and administrative expenses in the years ahead.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...