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. ABOUT TRANSCAT 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.
Transcat’s growth strategy is to expand both its distribution products and calibration services in markets that value product breadth and availability and rely on accredited calibration services to maintain the integrity of their processes.More information about Transcat can be found on its website at: transcat.com Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “projects,” “anticipates,” “believes,” “could,” and other similar words. All statements addressing operating performance, events, or developments that Transcat, Inc. expects or anticipates will occur in the future, including but not limited to statements relating to anticipated revenue, profit margins, sales operations, its strategy to build its sales representative channel, customer preferences and changes in market conditions in the industries in which Transcat operates are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Transcat’s Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of the Company’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on the Company’s forward-looking statements. Except as required by law, the Company disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release.