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Note 4 - Segment Information
 6 Months Ended
Sep. 28, 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 second quarter and first six months of fiscal year 2025 and fiscal year 2024 (dollars in thousands):

 

   

Second Quarter Ended

    

Six Months Ended

  
   

September 28,

    

September 23,

    

September 28,

    

September 23,

  
   

2024

    

2023

    

2024

    

2023

  

Revenue:

                                

Service

   $ 44,083     $ 41,431     $ 87,861     $ 81,284  

Distribution

     23,743       21,373       46,672       42,118  

Total

     67,826       62,804       134,533       123,402  
                                 

Gross Profit:

                                

Service

     14,591       14,084       29,474       27,055  

Distribution

     6,615       6,041       14,387       11,780  

Total

     21,206       20,125       43,861       38,835  
                                 

Operating Expenses:

                                

Service (1)

     10,887       13,342       21,680       23,121  

Distribution (1)

     6,584       5,140       13,347       9,431  

Total

     17,471       18,482       35,027       32,552  
                                 

Operating Income:

                                

Service

     3,704       742       7,794       3,934  

Distribution

     31       901       1,040       2,349  

Total

     3,735       1,643       8,834       6,283  
                                 

Unallocated Amounts:

                                

Interest and Other (Income)/Expense, net

     22       841       (107 )     1,719  

Provision for Income Taxes

     427       342       1,247       1,155  

Total

     449       1,183       1,140       2,874  
                                 

Net Income

   $ 3,286     $ 460     $ 7,694     $ 3,409  
                                 

Geographic Data:

                                

Revenues to Unaffiliated Customers (2)

                                

United States (3)

   $ 62,492     $ 57,119     $ 123,232     $ 111,376  

Canada

     3,794       3,896       8,266       8,143  

Other International

     1,540       1,789       3,035       3,883  

Total

   $ 67,826     $ 62,804     $ 134,533     $ 123,402  

 

(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.