Transcat (NASDAQ:TRNS) reports 4Q17 earnings results; Topline up 17%

Transcat (NASDAQ:TRNS) reports 4Q17 earnings results; Topline up 17%

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Transcat (NASDAQ:TRNS) reported net income for the fourth quarter of $ 1.43 million or $ 0.20 per share, compared to income $ 1.58 million or $ 0.22 per share for the year-ago quarter.

The Total Revenue for fourth quarter rose 17% to $ 38.45 million from $ 32.86 million in the same quarter last year.

Lee D. Rudow, President and CEO, said: Our fourth quarter provided a strong finish to our fiscal year which ended with record annual revenue and net income. Our Service segment revenue increased 20% for the year and was driven by high single-digit organic growth. We entered fiscal 2018 with excellent momentum and high expectations.