Transcat Stock Price, News & Analysis

Transcat, Inc. (NASDAQ: TRNS) reported a strong second quarter for fiscal 2022, with consolidated revenue reaching $50.4 million, a 21.1% increase year-over-year. The Service segment revenue rose 20.3% to $29.5 million, while the Distribution segment saw a 22.2% increase to $20.8 million. Gross margins improved, with the Service segment at 32.9% and Distribution at 23.5%. Adjusted EBITDA rose 35.5% to $7.1 million. Operating expenses included one-time costs from the NEXA acquisition, totaling $0.8 million. The company expects continued growth in the third quarter, driven by organic and acquisition-related revenue.

Transcat, Inc. (NASDAQ: TRNS) is set to release its second quarter fiscal year 2022 results on November 2, 2021, after market close. Following the announcement, a conference call will be held on November 3, 2021, at 11:00 a.m. ET to discuss the financial outcomes and corporate strategy. The Company's services focus on calibration and instrument distribution across regulated sectors, enhancing its competitive edge. Transcat aims to boost organic sales growth through strategic acquisitions and investments in its service capabilities.

Transcat, Inc. (NASDAQ: TRNS), a leader in calibration and laboratory services, will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO Lee D. Rudow and CFO Mark A. Doheny will deliver a pre-recorded presentation available from 7:00 am ET on September 13th. The presentation materials will also be accessible on Transcat's investor relations website, with a replay available for 60 days. Transcat focuses on regulated industries and aims to enhance organic sales growth through strategic acquisitions and investments.

Transcat, Inc. (NASDAQ: TRNS) announced the acquisition of Cal Opex Limited, now known as NEXA Enterprise Asset Management, for $22.5 million, comprising $20.25 million in cash and $2.25 million in stock. The deal, effective August 31, 2021, includes potential earn-out payments of up to $7.5 million based on revenue and EBITDA goals. NEXA, focusing on reliability management for regulated industries, generated $7.5 million in annual revenue and has a strong profitability profile. This acquisition is expected to enhance Transcat's growth in calibration and asset management services.

Transcat, Inc. (NASDAQ: TRNS) recently announced that CEO Lee D. Rudow and CFO Mark A. Doheny will present at the Oppenheimer Technology, Internet and Communications Virtual Conference on August 11, 2021, starting at 8:15 AM ET. Investors can access the live webcast and materials at transcat.com/investor-relations. The replay will be available for 60 days. Transcat offers accredited calibration, inspection, and repair services, focusing on highly regulated industries, and aims to drive organic growth through strategic expansions and enhanced service offerings.

Transcat reported record financial results for the first quarter of fiscal 2022, ending June 26, 2021. The company achieved a 22.8% increase in consolidated revenue to $47.8 million, driven by strong performance in its Service and Distribution segments. Service revenue grew 20%, with a gross margin improvement of 540 basis points. Net income surged 362.2% to $3.7 million, or $0.49 per share. The company also amended its credit facility, boosting its revolving credit capacity to $80 million for future growth.

Transcat, Inc. (Nasdaq: TRNS) announced it will release its Q1 fiscal 2022 results after market close on July 27, 2021. A conference call and webcast are scheduled for July 28, 2021, at 11:00 a.m. ET to discuss results and corporate strategy. The Company provides accredited calibration, repair, inspection, and laboratory services, primarily serving regulated industries such as Life Sciences, aerospace, and energy. Transcat aims to drive organic sales growth through its complementary services and distribution segments, and is exploring acquisitions to expand its market reach.

Transcat reported impressive financial results for its fourth quarter and fiscal year ending March 27, 2021, achieving record revenue of $48.8 million, a 6.6% increase year-over-year. The Service segment saw a 15.8% revenue growth, contributing $29 million. Gross profit rose 15.9% to $14 million, with a gross margin increase to 28.6%. Operating income grew by 20.6% to $4.5 million. Cash flow from operations reached a record $23.6 million. Despite a 4.6% decline in Distribution sales, the company anticipates continued growth in fiscal 2022 due to a strong pipeline and infrastructure investments.

Transcat, Inc. (Nasdaq: TRNS) announced the additions of Craig D. Cairns and Mbago M. Kaniki to its Board of Directors, effective May 12, 2021. Their appointments fill vacancies from prior retirements. Cairns, with over 25 years of investment experience, is the majority owner of Howe & Rusling, while Kaniki has extensive leadership experience in investment and management. Both bring valuable expertise in client relations, capital allocation, and strategic growth. This leadership change aims to bolster Transcat's operational effectiveness in the highly regulated industries it serves.