Significant Revenue Growth
Consolidated revenue increased 21% to $83 million driven by stable calibration revenue, strong performances from recent acquisitions, and growth in the rental channel.
Strong Acquisition Performance
Recent acquisitions, Essco Calibration and Martin Calibration, have shown strong results with both companies experiencing double-digit growth since acquisition.
Distribution Segment Success
Distribution revenue grew 24% due to high demand, especially in the rental channel, with gross margin expanding by 530 basis points.
Adjusted EBITDA Growth
Consolidated adjusted EBITDA increased 37% with 160 basis points of margin expansion.
AI and Technological Investments
Transcat is investing in AI and data management to improve sales, operations, and customer retention.