Welcome to our dedicated page for Transcat news (Ticker: $TRNS), a resource for investors and traders seeking the latest updates and insights on Transcat stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Transcat's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Transcat's position in the market.
Rhea-AI Summary
Transcat acquires Becnel Rental Tools, Inc. for $50 million, expanding its rental business in the oil well maintenance market. The deal includes $32.5 million in stock and $17.5 million in cash, with an acquired EBITDA of approximately $5.8 million. Becnel's niche position in the oil and gas industry presents growth opportunities and synergies with Transcat's calibration services and distribution products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
-
Rhea-AI Summary
Transcat Inc. (NASDAQ:TRNS) announces Mark Doheny stepping down as Chief Operating Officer and the appointment of Mike West as the new COO. The transition is effective immediately, with Doheny staying on as a consultant until October 2024. CEO Lee Rudow expresses confidence in West's ability to lead operations and highlights the company's consistent growth and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.69%
Tags
-
Rhea-AI Summary
Transcat, Inc. (Nasdaq: TRNS) reported strong financial results for its third quarter of fiscal year 2024, showing impressive growth in service revenue and distribution sales. Service gross margin expanded by 250 basis points, and consolidated adjusted EBITDA grew by 38.5%. The company also reported a 15.4% increase in service revenue and a 10.4% increase in distribution sales compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
Tags
Rhea-AI Summary
TranS1 Inc. (TRNS) announces partnership with leading medical technology company for distribution of spinal products. The partnership aims to expand market reach and drive growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
-
Rhea-AI Summary
Transcat, Inc. (Nasdaq: TRNS) reported strong financial results for the second quarter of fiscal year 2024. Consolidated revenue increased by 11.3%, with gross margin expanding by 230 basis points. Service revenue grew by 17.5% and service gross profit increased by 22.6%. Adjusted EBITDA grew by 23.9% and adjusted diluted earnings per share increased by $0.16 compared to the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
-
Rhea-AI Summary
Transcat, Inc. will release its second quarter fiscal year 2024 results on October 30, 2023. The company will host a conference call and webcast to discuss the financial and operating results, corporate strategy, and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.68%
Tags
Rhea-AI Summary
Transcat, Inc. announces pricing of its underwritten public offering of common stock at $95.00 per share, expecting net proceeds of $65.2 million. The offering is intended to repay credit facility, for working capital, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.43%
Tags
-
Rhea-AI Summary
Transcat, Inc. plans to offer and sell shares of its common stock in an underwritten public offering. The net proceeds will be used to repay its credit facility, for working capital, and for other general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.43%
Tags
-
Rhea-AI Summary
Transcat, Inc. (Nasdaq: TRNS) announced the acquisition of Axiom Test Equipment, Inc. for $38 million, paid with $28 million in stock and $10 million in cash. Axiom is a rental provider of Electronic Test Equipment with 26 employees and an in-house ISO 17025 lab. The acquisition is expected to expand Transcat's Rental business to approximately $24 million in revenue, with expected Gross Margins above 55%. The combined gross margins are expected to be in the 28% to 30% range in the near term, with potential for further improvement over time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.81%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.32%
Tags
Transcat Inc
Nasdaq:TRNS
TRNS Rankings
TRNS Stock Data
1.04B
8.57M
2.9%
94.67%
1.73%
General Rental Centers
Real Estate and Rental and Leasing
United States of America
ROCHESTER
About TRNS
about transcat transcat, inc. is a leading provider of accredited calibration, repair, inspection and compliance services including analytical instrument qualifications, equipment and process validation. targeted industries include life science, biotechnology, medical device, pharmaceutical and other fda-regulated industries, industrial manufacturing, energy and utilities, chemical manufacturing and other industries. throughout its 20 strategically located centers of excellence in the united states, canada and puerto rico, transcat delivers precise services with reliable turn-around times. the breadth and depth of measurement parameters addressed by transcat’s iso/iec 17025 scopes of accreditation are believed to be among the best in the industry. in addition, transcat operates as a leading distributor of professional grade handheld test, measurement and control instrumentation. through its distribution products segment, transcat markets and distributes premier and propriety brand inst