Transcat Reports 6.4% Increase in Revenue for Fiscal 2013 Second Quarter
ROCHESTER, NY---Transcat Inc., a distributor of professional-grade handheld test, measurement and control instruments and accredited provider of calibration, repair, inspection and other compliance services, reported financial results for its second quarter ended September 29, 2012. Included in the report ed results are those of Newark Corp.'s calibration services business, which the Company acquired on September 8, 2011 and those of Anacor Compliance Services, Inc., which the Company acquired on July 16, 2012.
Fiscal 2013 second quarter total revenue increased 6.4%, to $26.8 million from $25.2 million in the second quarter of the prior fiscal year on strong Service segment revenue growth of 19.8%. Product segment sales were consistent with the prior year at $16.9 million.