TRNS
Transcat, Inc.60.36
+1.12+1.89%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
563.06MP/E (TTM)
49.48Basic EPS (TTM)
1.22Dividend Yield
0%Recent Filings
8-K
Transcat Q2 revenue up 21%
Transcat reported Q2 fiscal 2026 revenue of $82.3 million, up 21% from last year, with service revenue climbing 20% to $52.8 million and distribution surging 24% to $29.4 million on rental demand. Adjusted EBITDA jumped 37% to $12.1 million, fueled by the Essco Calibration acquisition that expanded geographic reach in New England and Midwest. Acquisitions drive growth. Yet macro uncertainty lingers.
8-K
Leadership transition and shareholder approvals
Transcat appointed Kristina Johnston as principal accounting officer effective September 10, 2025, succeeding retiring controller Scott Deverell, with a $250,000 base salary and 30% target cash incentive. At the same-day annual meeting, shareholders elected directors Dawn DePerrior, Cynthia Langston, and Robert Mecca, approved nine board members, ratified Deloitte as auditors, and endorsed annual say-on-pay votes. This smooth transition bolsters financial oversight amid strong shareholder support.
8-K
CEO Rudow retires March 2026
Transcat announced CEO Lee D. Rudow's retirement, effective end of fiscal 2026, with a transition to senior advisor through fiscal 2027 under a new agreement approved August 21, 2025. Rudow secures $741,000 base salary for fiscal 2026, up to 100% bonus, $2.5 million equity target, and a special 25,000 RSU grant vesting on performance. The board launched a search for his successor. Succession ensures continuity amid strong performance.
8-K
Strong Q1 results, Essco acquisition
Transcat posted Q1 fiscal 2026 revenue of $76.4 million, up 14.6% year-over-year, fueled by 12.3% service growth to $49.1 million and 19% distribution surge to $27.3 million on robust rentals demand. Adjusted EBITDA climbed 15.2% to $11.8 million, while distribution margins hit a record 35.2%. The company sealed its biggest-ever acquisition of Essco Calibration, adding $22 million in annual revenue and bolstering New England presence. Acquisitions drive growth, yet macro headwinds loom.
10-Q
Q1 FY2026 results
Transcat, Inc. reported Q1 FY2026 results with revenue up 14.6% y/y to $76.4M, driven by acquisitions. Organic growth was 4.1%. Service revenue grew 12.3% to $49.1M, with acquisitions contributing $6.4M. Distribution revenue increased 19.0% to $27.3M. Gross profit rose 14.0% to $25.8M, with gross margin slightly down to 33.8%. Operating income increased 4.7% to $5.3M, with operating margin down to 7.0%. Net income decreased 26.0% to $3.3M, with diluted EPS down to $0.35 from $0.48. Operating cash flow was $3.6M, down from $8.9M. Total debt was $34.4M, with $80M available under the revolver. The company acquired Essco Calibration for $84M in cash post-quarter and entered a new $150M credit facility.
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