Transcat(US:TRNS)2023-01-31 16:06Financial Performance - Consolidated revenue increased by 13% year-over-year, reaching $57.4 million in Q3 FY23 compared to $50.9 million in Q3 FY22 [7] - Adjusted EBITDA grew by 20% from the prior year, totaling $6.6 million [4, 14] - Gross margin expanded by 180 basis points to 28.6% [4] - Net income was $1.6 million, resulting in $0.21 per diluted share [4] Segment Performance - Service segment revenue increased by 19%, with organic growth of 12% [4, 7] - Service segment gross profit grew by 20%, with gross margin expanding 30 basis points to 30.0% [4] - Distribution segment revenue grew by 4%, with backlog increasing by 7% to over $9.5 million [4] - Distribution segment gross margin expanded by 370 basis points [4] - Service segment adjusted EBITDA increased 12% from prior year to $4.6 million [14] - Distribution adjusted EBITDA increased 47% from prior year to $2.0 million [14]