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.
Transcat Inc (Nasdaq: TRNS) is a provider of accredited calibration, reliability, maintenance optimization, quality and compliance, validation, CMMS, and pipette services, along with the distribution and rental of professional grade handheld test, measurement, and control instrumentation. This news page aggregates company announcements and market-facing updates related to Transcat’s operations and TRNS stock.
Readers can expect coverage of financial results, such as fiscal quarter earnings releases where Transcat reports revenue trends, segment performance for its Service and Distribution businesses, and non-GAAP measures like Adjusted EBITDA as described in its press releases. News items also highlight developments in its calibration and distribution activities, including demand in its rentals channel and the mix of higher-margin rental business.
Transcat’s disclosures emphasize strategic acquisitions as a key growth driver. News articles include details on transactions such as the acquisition of Essco Calibration Laboratory and Martin Calibration, which the company cites as expanding geographic reach, increasing capabilities, and strengthening its position in markets with concentrations of Life Science and aerospace and defense customers.
Corporate governance and leadership updates are another recurring theme. Recent news has described a CEO succession plan, including the planned retirement of the current Chief Executive Officer, the formation of a board Search Committee, and special equity retention awards for executive officers intended to support leadership continuity.
Investors following TRNS news can also find information on capital structure and financing, such as the establishment of a new five-year $150 million secured revolving credit facility, and announcements about participation in investor conferences and earnings webcasts. For those tracking Transcat’s role in regulated industries, these updates provide context on how the company is executing its strategy in calibration services and instrument distribution.
Transcat (Nasdaq: TRNS) has acquired Martin Calibration Inc. for $79 million, comprising $69 million in cash and $10 million in company stock. Martin, an ISO-17025 Accredited calibration laboratory network with over $25 million in revenue, operates seven labs across the Midwest, including its flagship Minneapolis facility and locations in Chicago, Milwaukee, Eau Claire, Tempe, and Los Angeles.
The acquisition, Transcat's largest to date, strengthens its presence in the Medical, Life Science, Aerospace, and Nuclear sectors. Martin brings nearly 150 employees and 35 years of metrology expertise to Transcat's operations. The strategic move expands Transcat's geographic reach, particularly in the medical device and life science-rich Minneapolis region, while adding new capabilities and expertise to its service portfolio.
Transcat (NASDAQ: TRNS) reported Q2 fiscal 2025 results with consolidated revenue up 8% to $67.8 million. Service Revenue grew 6% to $44.1 million, marking the 62nd consecutive quarter of growth, while Distribution Revenue increased 11.1% to $23.7 million. Net income rose significantly to $3.3 million ($0.35 per diluted share) from $460,000 ($0.06 per diluted share) in the prior year. The company faced challenges with its Nexa business slowdown and hurricane impacts on Becnel operations, leading to a slight decline in gross margins. Management expects mid-single-digit organic Service revenue growth for FY25 and anticipates returning to high single-digit growth by first half of FY26.
Transcat, Inc. (Nasdaq: TRNS), a leading provider of accredited calibration services and professional grade test instrumentation, has announced the release of its second quarter fiscal year 2025 results. The company will disclose these results after the financial markets close on Monday, October 28, 2024.
Following the release, Transcat will host a conference call and webcast on Tuesday, October 29, 2024, at 11:00 a.m. Eastern Time. During this event, the company will review its financial and operating results, discuss corporate strategy and outlook, and conduct a question-and-answer session.
Interested parties can access the call via phone at (201) 689-8471 or through a webcast with an accompanying slide presentation available on Transcat's investor relations website. A telephonic replay will be accessible until November 5, 2024, by dialing (412) 317-6671 and entering conference ID 13749365.
Transcat Inc. (Nasdaq: TRNS) reported strong Q1 fiscal 2025 results, with significant gross margin expansion and EBITDA growth. Key highlights include:
- Consolidated revenue up 10.1% to $66.7 million
- Gross profit increased 21.1% to $22.7 million
- Gross margin expanded 310 basis points to 34.0%
- Adjusted EBITDA grew 20.4% to $10.2 million
- Adjusted diluted EPS rose 30.8% to $0.68
The Service segment saw 9.8% revenue growth and 150 basis points margin expansion. The Distribution segment experienced 10.5% sales growth and 620 basis points margin improvement. Transcat expects high single-digit to low double-digit organic Service revenue growth for fiscal 2025.
Transcat, Inc. (Nasdaq: TRNS), a leading provider of accredited calibration services and professional test equipment, has announced its upcoming first quarter fiscal year 2025 conference call and webcast. The company will release its financial results on Monday, July 29, 2024, after market close. The conference call is scheduled for Tuesday, July 30, 2024, at 11:00 a.m. Eastern Time.
Investors and analysts can join the call via phone at (201) 689-8471 or access the webcast and accompanying slide presentation on Transcat's investor relations website. A replay of the call will be available until August 6, 2024, by dialing (412) 317-6671 with conference ID 13747789. The webcast replay and transcript will also be accessible on the company's website.
Transcat reported significant growth in fiscal 2024, with double-digit organic service revenue growth and gross margin expansion. Fourth-quarter service gross margin expanded by 170 basis points due to a 13% increase in organic service growth. Distribution gross margin rose by 510 basis points, driven by rental strength. Consolidated adjusted EBITDA grew 29.8%, with a 200 basis point margin expansion.
Fiscal 2024 saw a 14.3% increase in consolidated revenue to $70.9 million. Consolidated gross profit rose by 25.5% to $24.0 million. Net income nearly doubled to $6.9 million, while adjusted EBITDA increased by 29.8% to $11.7 million. The company completed three acquisitions, enhancing its market reach and service offerings.
Cash flow from operations surged by 92% to $32.6 million. Total revenue for the year reached $259.5 million, a 12.5% increase, while net income per diluted share rose to $1.63 from $1.40. The outlook for fiscal 2025 remains optimistic, with continued growth expected in highly regulated markets and rental services.
Transcat, Inc. (Nasdaq: TRNS) announced the release of its fourth quarter fiscal year 2024 results on May 20, 2024. The company will host a conference call and webcast on May 21, 2024, to discuss financial and operating results, corporate strategy, and outlook.
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