Transcat Stock Price, News & Analysis

Transcat, Inc. (TRNS) reported strong third-quarter fiscal 2023 results, highlighting a 19.0% increase in service revenue and a 12.0% organic growth. Consolidated revenue reached $57.4 million, up 12.8%, with gross profit rising 20.3% to $16.4 million. Adjusted EBITDA increased 20.5% to $6.6 million, while net income slightly dipped 1.7% to $1.6 million. The company's strong performance is attributed to robust demand in calibration services and successful acquisitions, including e2b Calibration. The backlog grew 7% year-over-year to $9.5 million, reflecting continued market strength and operational efficiency.

Transcat, a provider of accredited calibration and asset management services, will release its third quarter fiscal year 2023 results on January 30, 2023, after market close. A conference call is scheduled for January 31, 2023, at 11:00 a.m. ET, to discuss financial results and corporate strategy. Transcat serves highly regulated industries, including life sciences, aerospace, and energy, with services offered through 28 calibration centers across the U.S., Puerto Rico, Canada, and Ireland. The company focuses on growth through organic sales and strategic acquisitions to enhance its market position.

Transcat, Inc. (NASDAQ: TRNS), a leader in accredited calibration services, announced that CEO Lee Rudow and CFO Tom Barbato will hold investor meetings at the Craig-Hallum Alpha Select Conference on November 17, 2022, in New York, NY. The meetings will occur from 8:00 a.m. to 4:40 p.m. ET. Transcat specializes in providing essential services to regulated industries, with an emphasis on life sciences, aerospace, and utilities. With 27 service centers across the U.S., Puerto Rico, Canada, and Ireland, Transcat aims to drive organic growth and expand its market through acquisitions.

Transcat, Inc. (NASDAQ: TRNS), a leader in accredited calibration and asset management services, announced that its President and CEO, Lee Rudow, along with CFO Tom Barbato, will present at the Southwest IDEAS Investor Conference on November 16, 2022, in Dallas, TX. Their presentation is scheduled for 3:45 p.m. CT and will be webcast live. Transcat specializes in services for regulated industries, including life sciences and aerospace, across its 27 Calibration Service Centers in North America and Ireland. A replay of the webcast will be available for 90 days.

Transcat, Inc. (Nasdaq: TRNS) reported a strong second quarter for fiscal 2023, with consolidated revenue of $56.4 million, representing a 12% increase year-over-year. Service segment revenue rose 19.4% to $35.3 million, while organic revenue growth was 9.3%. Gross profit expanded by 14.8% to $16.8 million, with gross margin improving to 29.7%. However, net income decreased to $2.4 million, down 21.8% compared to the previous year, impacted by a higher effective tax rate of 23.7%.

Transcat, Inc. (NASDAQ: TRNS) will release its second quarter fiscal year 2023 results on October 31, 2022, after market close. A conference call to discuss the results and corporate strategy will follow on November 1, 2022, at 11:00 a.m. ET. Transcat provides accredited calibration and asset management services, focusing on highly regulated industries. Its services are complemented by its distribution of test and measurement instrumentation. The company aims to drive organic sales growth while considering acquisitions for market expansion.

Transcat, Inc. (NASDAQ: TRNS) has announced the acquisition of Complete Calibrations for $1.2 million and the assets of e2b Calibration for $3.15 million, both effective in September 2022. Complete Calibrations specializes in calibration services for the life sciences sector in Ireland, while e2b Calibration is a leader in calibration services for the aviation industry. These acquisitions aim to enhance Transcat's presence in key markets, leverage intellectual property related to calibration robotics, and accelerate growth in various sectors.

Transcat, Inc. (NASDAQ: TRNS), a leader in accredited calibration and asset management services, will present at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on August 10, 2022, at 4:35 p.m. ET. CEO Lee D. Rudow and CFO Thomas A. Barbato will hold investor meetings at the event. A live webcast and presentation materials will be accessible at www.transcat.com/investor-relations, with a replay available for 90 days. Transcat serves highly regulated industries, focusing on providing superior calibration and distribution services across North America and beyond.

Transcat reported a 14.4% increase in consolidated revenue to $54.7 million for Q1 fiscal 2023, with adjusted EBITDA rising 19.6% to $7.3 million. The service segment revenue surged by 22.9%, while organic growth stood at 8.6%. Diluted earnings per share decreased from $0.49 to $0.40, driven by higher operating expenses and an increased tax rate. Leadership changes include Mark Doheny as COO and Tom Barbato as CFO, aimed at supporting the company's growth strategy amid a robust demand environment.