Slide 1: Q4 Financial Results Fiscal 2024
Q4 Financial Results Fiscal 2024 Lee D. Rudow President and CEO Michael West Chief Operating Officer Tom L. Barbato Chief Financial Officer TRANSCAT Trust in every measure
Slide 2: Safe Harbor Statement
TRANSCAT natn nese Safe Harbor Statement This presentation contains forward-looking statements within the meaning of 21E of the Securities Exchange Act of 1934. All statements other than historical fact are forward-looking statements. Forward-looking statements are not statements of historical fact
Slide 3: Q4 FY24 and Full Year FY24 Summary
TRANSCAT rst evry mesure Q4 FY24 and Full Year FY24 Summary Consolidated Results Q4 revenue grew 14% vs prior year to $70.9M Gross margin of 33.9% expanded 300bps Q4 ‘Adjusted EBITDA increased 30% from prior year to $11.7M in Q4 and increased 27% to $38.6M for the full year Net Income of $6.9M or $0
Slide 4: Revenue
TRANSCAT rst evry mesure Revenue Service Segment ibution Segment ow $70.9 gon ll sas OD se (A | carvan carves arr ares canes eet Full Year ia Consolidated revenue up Q4 14% and FY 13% as both segments posted robust growth (includes the $259.5 benefit of a 53 week in fiscal 2024) $230.6 vice $1695 Se
Slide 5: Gross Profit and Margin
TRANSAT ninco mar Gross Profit and Margin (8 nitions) Service Segment Distribution Segment = lated sano sia 16 $135 g $56 oe sa0% 35.7% 25.2% 303% 213.9% a Fv23 aarv24 aa Fv23 aa rv24 a Fv23 aa rv24 Full Year en e Consolidated gross margin of 33.9% in Q4, an increase of 300bps, driven by margin expa
Slide 6: Net Income, Diluted EPS, Adjusted Diluted EPS
TRANSCAT nts co nose Net Income, Diluted EPS, Adjusted Diluted EPS* (5 in milions, except EPS) Net income Diluted EPS Adjusted EPS* $0.66 $3.7 Qa Fy23 Qa FY2a Qa Fr23 Qa Fr24 Qa Fr23 Qa Fr24 $e $077, $0.60 $0.48 Q4 Net Income of $6.9M grew 88% and Diluted EPS of $0.77 vs. $0.48 in prior year. Net In
Slide 7: Adjusted EBITDA and Margin
TRANSAT ninco mar Adjusted EBITDA* and Margin (5 in milions) Service Segment Distribution Segment Consolidated $117 $9.0 < $87 $29 $7.0 ea 7.7% 18.7% 88% 22% asx 16.5% Qa Fr23 Qs FY2a 94 Fv23 Qa Fr28 Qa Fr23 Qa FY24 Full Year Consolidated Consolidated adjusted EBITDA grew Q4 30% and FY 27% & $38.6 f
Slide 8: Operating Free Cash Flow
TRANSCAT tion nous Operating Free Cash Flow (Sin milions) ‘Twelve Months Ended Cash Flow has significantly improved vs ote: Components may not od ott prior year ee to runcing Net cash provided by Se si70 _C2Pital expenditures up $4 millon year operations : © over year and remain focused on Service C
Slide 9: Balance Sheet Supports Growth Strategy
TRANSCAT rst evry mesure Balance Sheet Supports Growth Strategy (Sin milions) Note: Components may nt add totals hue 0 rounding Cash, cash equivalents, & marketable securities whe Total debt 42 49.1 Total net debt ($31.0) $47.6 Shareholders’ equity 225.2 99.6 Total capitalization $229.4 $148. Debt/t
Slide 10: Outlook
Outlook* TRAST sts emer 2025 Expectations Service segment: For Fiscal 2025, expect Service organic revenue growth to be in the high- single digit to low double-digit range when normalized for the extra week in fiscal 2024 and continued Service gross margin expansion. Total Transcat: We expect the fi
Slide 11: Conference Call and Webcast Playback
TRANSCAT ‘rx cn nese Conference Call and Webcast Playback * Replay Number: 412-317-6671 passcode: 13746612 Telephone replay available through Tuesday, August 8, 2024 * Webcast / Presentation / Replay available at https://www.transcat.com/investor-relations "
Slide 12: Supplemental Information
Supplemental Information TRANSCAT Trust in every measure
Slide 13: Adjusted EBITDA Reconciliation
TRANSAT stn nna Adjusted EBITDA Reconciliation [Bm eons Fva0as | F208 FY 2026 as a4 aati Net income $3658 | $ 6890 $13,647 + Interest Expense 781 (41) 1027 + Other Expense / (Income) 248 Fey 315 + Tax Provision aiss_| 2716 4792 |Operating income 3 5855 | § 9208 $19,781 + Depreciation & Amortization
Slide 14: Segment Adjusted EBITDA Reconciliation
TRANSAT stn nna Segment Adjusted EBITDA Reconciliation [Sm woaronasy #72023 G8 | FY2028 08 service Operating income S 4547 |S 8103 + Depreciation & Amortization 2147 2281 + Transaction Expense 59 (4) + Acquisition Earn-Out Adjustment : (2357) + Other (Expense) / Income (270) (a7) + Noncash Stock Com
Slide 15: Adjusted Diluted EPS Reconciliation
TRANSCAT ‘rx cn nese Adjusted Diluted EPS Reconciliation (Sin thousands) (Gin thousands except por share data) Fy2sas FY23q8 GAAP Net income $600 |S 3658 ‘Add back (deduct) $ (ion) $ 952 “Amortization of intangibles 1471043 ‘Acquistion deal costs a 58 ‘Aca Stock Expense ws 167 ‘Acquistion Amortizati