Transcat (NASDAQ:TRNS) reported double-digit revenue growth in both of its business segments for the fiscal fourth quarter, as newly appointed President and CEO Jaime Irick told investors the company plans to continue emphasizing organic service growth, margin expansion, acquisitions and rentals.
On the company’s fiscal fourth-quarter earnings call, Irick said Transcat delivered “strong performance across our entire business portfolio,” citing continued demand in highly regulated end markets including life sciences, aerospace and defense, and energy. Consolidated revenue rose 16% to $89.3 million in the fourth quarter, while full-year revenue increased 19% to $331.9 million.
