Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading distributor of professional grade handheld test and measurement instruments and accredited provider of calibration, repair and other measurement services, announced today that it has surpassed the $100 million revenue milestone as of March 6, 2012, with approximately four weeks remaining in Transcat’s fiscal year, which ends on March 31, 2012. The prior fiscal year record high of $91.2 million in net revenue was achieved in fiscal year 2011.
Charles P. Hadeed, President and CEO of Transcat, commented, “Surpassing $100 million in annual revenue is a significant milestone in our Company’s history and is a tribute to the dedication of our employees and loyalty of our customers. We have grown over the last five years at a compounded annual rate of approximately 8.6% and achieved this level of sales through both acquisitions and organic growth. We attribute our success to the quality of the service we provide our customers whether it is the breadth of product we offer and the speed of delivery through our distribution services or the high degree of competency and trust associated with our calibration and repair services. As we look forward, we expect that we can continue to grow as we execute our strategy to broaden and deepen our share of the calibration and repair services market throughout the U.S. and Canada.”
Transcat plans to release its complete 2012 fiscal year financial results on May 21, 2012.
Transcat, Inc. is a leading distributor of professional grade handheld test and measurement instruments and accredited provider of calibration, repair and other measurement services primarily for the pharmaceutical and FDA-regulated, industrial manufacturing, energy and utilities, chemical manufacturing and other industries. Through its distribution products segment, Transcat markets and distributes national and proprietary brand instruments to nearly 15,000 customers. The Company offers access to more than 25,000 test and measurement instruments. Transcat delivers precise, reliable, fast calibration, and repair services across the United States, Canada and Puerto Rico through its 17 strategically located Calibration Centers of Excellence. The breadth and depth of parameters covered by Transcat’s ISO/IEC 17025 scopes of accreditation are believed to be among the best in the industry.