Transcat, Inc. Provides Revenue Guidance for the Third Quarter of 2022
November 03, 2021 at 07:31 am EDT
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Transcat, Inc. provided revenue guidance for the third quarter of 2022. For the third quarter of fiscal 2022, the company expects Service total revenue growth to be similar to what achieved in the second quarter, with roughly half of the growth to come organically and the other half coming from acquisition. The company expects Service gross margin to expand over the prior year third quarter, similar to the level of year-over-year expansion just achieved in the second quarter. Distribution revenue is expected to grow in the low teens in the third quarter on improved order trends and a prior-year comparison that includes lower levels of demand due to the COVID-19 pandemic.
Transcat, Inc. is a provider of accredited calibration, reliability, maintenance optimization, quality and compliance, validation, computerized maintenance management system (CMMS), and pipette services. The Company is focused on providing services and products to regulated industries, particularly the life science industry, which includes pharmaceutical, biotechnology, medical device, and other FDA-regulated businesses, as well as aerospace and defense, and energy and utilities. Its Service segment offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services, a majority of which are processed through its asset management system, CalTrak and its online customer portal, C3. Its Distribution segment sells and rents national and brand instruments to customers globally. It provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its 27 calibration service centers.
TRANSCAT, INC. 
