Transcat(US:TRNS)2025-01-28 14:00Revenue Performance - Consolidated revenue for Q3 FY2025 was $66.8 million, an increase of $1.6 million or 2.4% compared to Q3 FY2024[6] - Service revenue was $41.6 million, flat year-over-year with a slight increase of $48, while distribution revenue grew by $1.5 million or 6.5% to $25.2 million[5][13] - Total revenue for the first nine months of FY2025 was $201.3 million, an increase of $12.7 million or 6.7% compared to the same period last year[14] - Total revenue for Q3 of Fiscal 2025 was $66,754 million, representing a 2.4% increase from $65,166 million in Q3 of Fiscal 2024[40] - Service Revenue for FY 2025 reached $129,418 million, an increase of 5.4% from FY 2024's $122,793 million[42] - Distribution Revenue for FY 2025 was $71,869 million, reflecting a 9.3% growth compared to FY 2024's $65,775 million[42] - Total Revenue for FY 2025 amounted to $201,287 million, up 6.7% from $188,568 million in FY 2024[42] Profitability Metrics - Gross profit decreased by $1.3 million or 6.0% to $19.7 million, with gross margin dropping to 29.5% from 32.1%[7] - Operating income fell by 51.1% to $2.1 million, with operating margin decreasing to 3.1%[6] - Net income per diluted share was $0.25, down from $0.38, representing a decline of 34.2%[7] - Adjusted EBITDA was $7.9 million, a decrease of $1.2 million or 13.2%, with an adjusted EBITDA margin of 11.9%[7] - Gross profit for the third quarter was $19.679 million, down 6.0% from $20.936 million in the prior year[28] - Operating Income for FY 2025 increased to $10,934 million, a rise of 3.4% from $10,577 million in FY 2024[42] - Gross Profit for FY 2025 was $63,540 million, representing a 6.3% increase from FY 2024's $59,771 million[42] - Gross Margin for FY 2025 slightly decreased to 31.6% from 31.7% in FY 2024[42] Expenses and Costs - Selling, Marketing & Warehouse Expenses rose to $24,101 million in FY 2025, a 15.6% increase from $20,844 million in FY 2024[42] - General and Administrative Expenses for FY 2025 were $28,505 million, showing a marginal increase of 0.5% from $28,350 million in FY 2024[42] - Cost of Revenue for Total operations increased to $137,747 million, up 6.9% from $128,797 million in FY 2024[42] Debt and Assets - As of December 28, 2024, total debt was $41.9 million, with a leverage ratio of 0.97[16] - Total assets increased to $386.009 million as of December 28, 2024, from $287.552 million as of March 30, 2024[30] Strategic Initiatives - The acquisition of Martin Calibration, which has revenue exceeding $25 million, is expected to enhance geographic reach and capabilities[4] - Transcat plans to expand its addressable calibration market through acquisitions and capability investments[24] - The company operates out of more than 50 locations, including 33 Calibration Service Centers across the U.S., Puerto Rico, Canada, and Ireland[22] - Transcat's strategy includes leveraging its strong brand and unique value proposition to drive organic sales growth[24] Income Summary - Net income for the nine months ended December 28, 2024, was $10.051 million, compared to $6.757 million for the same period in 2023, representing a 48.0% increase[32] - Net income for Q1, Q2, and Q3 of Fiscal 2025 totaled $10,051 million, with Q1 at $4,408 million, Q2 at $3,286 million, and Q3 at $2,357 million[34] - Adjusted net income for Q3 of Fiscal 2025 was $4,154 million, with adjusted diluted earnings per share at $0.45[38] Share Metrics - The company reported a total of 9,243 million average diluted shares outstanding for Fiscal 2025 YTD[38] - Basic earnings per share for the third quarter was $0.26, down from $0.39 in the previous year[28]