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. provides test, measurement, control and calibration services through Service and Distribution operations. Its Service segment covers calibration capabilities for customers in regulated markets, while its Distribution business markets, sells and rents new and used national and proprietary brand instruments, primarily in North America.
Company news commonly covers quarterly operating results, service organic growth, rental-driven distribution trends, acquisitions that expand calibration capacity and geography, and executive succession or compensation actions. Recent acquisition activity has added calibration laboratories in New England and Costa Rica, extending the company’s service footprint into Latin America.
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Transcat, Inc. (Nasdaq: TRNS) has acquired all capital stock of TIC-MS, Inc. for $9.7 million, effective March 27, 2023. The transaction consists of 70% stock and 30% cash, with customary holdback provisions. TIC-MS, an ISO/IEC 17025 accredited calibration lab founded in 1986, specializes in physical dimensional and electronics calibrations. This acquisition enhances Transcat's market presence and operational synergies, particularly in St. Louis, more than doubling its local footprint. Existing TIC-MS leadership will remain in place, ensuring continuity in servicing a diverse customer base.
Transcat, Inc. (NASDAQ: TRNS) will host investor meetings at the Roth Conference on March 13 and 14, 2023, at the Ritz Carlton in Laguna Niguel, California. CEO Lee Rudow and CFO Tom Barbato will be available for one-on-one meetings on March 13 from 8:00 a.m. to 4:00 p.m. PST and on March 14 from 8:00 a.m. to 2:30 p.m. PST. Transcat is a leading provider of accredited calibration and related services, focused on highly regulated sectors like Life Sciences, aerospace, and utilities. The company operates 27 Calibration Service Centers across the U.S., Puerto Rico, Canada, and Ireland.
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.