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Note 4 - Segment Information

3 Months Ended

Jun. 29, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 4 – SEGMENT INFORMATION

The basis for determining our operating segments is the manner in which financial information is used in monitoring our operations. Transcat has two reportable segments: Service and Distribution. Through our Service segment, we offer calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services. Through our Distribution segment, we sell and rent national and proprietary brand instruments to customers globally. The Company has no inter-segment sales. We believe that reporting performance at the operating income level is the best indicator of segment performance. The following table presents segment and geographic data for the first quarter of fiscal year 2025 and fiscal year 2024 (dollars in thousands):

		First Quarter Ended
		June 29,				June 24,
		2024				2023
Revenue:
Service		$	43,778			$	39,853
Distribution			22,929				20,745
Total			66,707				60,598
Gross Profit:
Service			14,883				12,971
Distribution			7,772				5,739
Total			22,655				18,710
Operating Expenses:
Service (1)			10,793				9,779
Distribution (1)			6,763				4,291
Total			17,556				14,070
Operating Income:
Service			4,090				3,192
Distribution			1,009				1,448
Total			5,099				4,640
Unallocated Amounts:
Interest and Other (Income)/Expense, net			(129	)			878
Provision for Income Taxes			820				813
Total			691				1,691
Net Income		$	4,408			$	2,949
Geographic Data:
Revenues to Unaffiliated Customers (2)
United States (3)		$	60,741			$	54,257
Canada			4,472				4,247
Other International			1,494				2,094
Total		$	66,707			$	60,598

⁽¹⁾ Operating expense allocations between segments are based on actual amounts, a percentage of revenues, headcount, and management’s estimates.

⁽²⁾ Revenues are attributed to the countries based on the destination of a product shipment or the location where service is rendered.

⁽³⁾ United States includes Puerto Rico.

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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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