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Note 4 - Segment Information
 9 Months Ended
Dec. 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 third quarter and first nine months of fiscal year 2025 and fiscal year 2024 (dollars in thousands):

 

  

Third Quarter Ended

  

Nine Months Ended

 
  

December 28,

  

December 23,

  

December 28,

  

December 23,

 
  

2024

  

2023

  

2024

  

2023

 

Revenue:

                

Service

 $41,557  $41,509  $129,418  $122,793 

Distribution

  25,197   23,657   71,869   65,775 

Total

  66,754   65,166   201,287   188,568 
                 

Gross Profit:

                

Service

  12,357   13,494   41,831   40,549 

Distribution

  7,322   7,442   21,709   19,222 

Total

  19,679   20,936   63,540   59,771 
                 

Operating Expenses:

                

Service (1)

  10,945   10,528   32,624   33,649 

Distribution (1)

  6,634   6,114   19,982   15,545 

Total

  17,579   16,642   52,606   49,194 
                 

Operating Income:

                

Service

  1,412   2,966   9,207   6,900 

Distribution

  688   1,328   1,727   3,677 

Total

  2,100   4,294   10,934   10,577 
                 

Unallocated Amounts:

                

Interest and Other (Income)/Expense, net

  (1,029)  23   (1,136)  1,742 

Provision for Income Taxes

  772   923   2,019   2,078 

Total

  (257)  946   883   3,820 
                 

Net Income

 $2,357  $3,348  $10,051  $6,757 
                 

Geographic Data:

                

Revenues to Unaffiliated Customers (2)

                

United States (3)

 $61,064  $59,090  $184,296  $170,466 

Canada

  4,424   4,083   12,690   12,226 

Other International

  1,266   1,993   4,301   5,876 

Total

 $66,754  $65,166  $201,287  $188,568 

 

(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.