Strong Revenue Growth
Consolidated revenue was up 15% year-over-year to $76.4 million, driven by consistent demand for calibration and rental services.
Record Service Revenue Growth
The Service segment recorded its 65th straight quarter of year-over-year service revenue growth, with an overall service revenue increase of 12%.
Successful Acquisition of Essco Calibration
Transcat acquired Essco Calibration, a premier provider of specialized high-end electronic calibrations, which is expected to achieve both sales and cost synergies.
Distribution Segment Success
Distribution revenue grew 19% to $27.3 million, driven by strong performance in high-margin rental services.
Financial Flexibility with New Credit Facility
Transcat closed a 5-year credit facility that nearly doubles its capital resources, providing significant financial flexibility.