Transcat named one of America’s best small businesses by Forbes
ROCHESTER, NY – (COMMERCIAL THREAD) – Transcat, Inc. (Nasdaq: TRNS) (âTranscatâ or the âCompanyâ), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and a value-added distributor of professional grade portable testing, measurement and testing. control instrumentation, today announced that Forbes ranked it among the top 100 U.S. small businesses for 2022 in its recently released list. Transcat was ranked 75th on the list with a 52-week return of 181.6%.
Forbes identified the top performing companies using data from FactSet, evaluating more than 1,000 companies listed on the stock exchange for over a year, with a market value between $ 300 million and $ 2 billion to find 509 companies who have also experienced positive sales growth over the past 12 months. and a share price of at least $ 5. The top ranking was determined based on earnings and sales growth, return on equity and total stock return for the past 12 months available and over the past five years, with more weight given to data from most recent year. For the full list of Forbes Best Small Businesses, visit: https://www.forbes.com/lists/best-small-cap-companies/#1c5b940847db.
âWe are delighted to be recognized as one of the best small businesses in the country by Forbes,â said Lee Rudow, President and CEO of Transcat. âThe strong operational and financial performance that the company has achieved over the past few years is the result of the hard work and solid execution of our strategy by our dedicated team which continues to grow stronger. In addition, we believe that our unique value proposition for our clients will continue to enable us to gain market share in highly regulated markets, including life sciences, and will help drive our future growth. ”
Transcat, Inc. is a leading provider of accredited calibration, repair, inspection and laboratory instrumentation services. The Company is focused on providing top-notch services and products to highly regulated industries, particularly the life science industry, which includes pharmaceutical, biotechnology, medical device and other FDA regulated companies, as well as aerospace and defense, and energy and utilities. Transcat provides periodic on-site services, mobile calibration services, pickup and delivery services, in-house services at its 22 strategically located calibration service centers in the United States, Puerto Rico and Canada, and services at 20 integrated customer sites. The range and depth of measurement parameters taken into account by Transcat’s ISO / IEC 17025 accreditation scopes are considered to be the best in the industry.
Transcat also operates as a leading value-added distributor that markets, sells and leases new and used instruments of national and exclusive brands to customers primarily in North America. The Company believes that its combined service and distribution offerings, experience, technical expertise and integrity create a unique and compelling value proposition for its clients.
Transcat’s strategy is to leverage the complementary nature of its two operating segments, comprehensive service capabilities, strong brand, enhanced e-commerce capabilities and leading distribution platform to drive organic sales growth. The Company will also seek to expand its addressable benchmarking market through acquisitions and capacity investments to further leverage the leverage inherent in its business model.
You can find more information about Transcat at: Transcat.com.