Transcat Inc. has released its financial results for the fiscal year ending March 29, 2025. The company's total revenue remained consistent with the previous year, with service revenue accounting for 65.2% and distribution sales contributing 34.8%. There was a slight decrease in the overall gross margin to 32.1%, down by 20 basis points from fiscal year 2024. The service gross margin experienced a decline to 33.4%, a 40 basis point decrease, primarily due to lower revenue and gross margins for Transcat Solutions. Conversely, the distribution gross margin saw an increase to 29.7%, up by 20 basis points, mainly driven by improved margins from rental revenue, which now includes Becnel. Operating expenses rose to $71.6 million, representing 25.7% of total revenue, compared to $64.0 million or 24.7% of total revenue in the previous fiscal year. Operating income decreased to $17.9 million, or 6.4% of total revenue, down from $19.8 million or 7.6% of total revenue in fiscal year 2024. Net income for the fiscal year 2025 was reported at $14.515 million, an increase from $13.647 million in the previous year. Interest expense showed a notable decrease, contributing to the improvement in net income. No specific outlook or guidance was provided in the released document.