Every 8-K that Transcat (TRNS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow TRNS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TRNS filings page.
Transcat, Inc. reported strong top-line growth for its fiscal first quarter 2027, with revenue of $92.9 million, up 21.6% from the prior-year quarter. Net income was $1.3 million, down from $3.3 million, as higher operating expenses from acquisitions, intangible amortization, stock-based compensation, executive transition costs, and increased interest expense reduced GAAP profitability. Diluted EPS was $0.14 compared with $0.35.
The Service segment generated $62.6 million of revenue, up 27.3%, including 13% service organic revenue growth and 90 bps of gross margin expansion to 33.9%. Distribution revenue rose 11.4% to $30.4 million, while gross margin declined to 31.4% due to revenue mix. Company-wide gross margin was 33.1% and Adjusted EBITDA, a non‑GAAP measure, increased 18.6% to $14.0 million, representing a 15.0% margin.
Operating cash flow improved to $8.8 million and operating free cash flow to $4.8 million. At June 27, 2026, Transcat held $6.7 million in cash, $110.4 million of long-term debt, and net debt of $103.7 million, with a reported leverage ratio of 2.21x. Management expects fiscal 2027 Service organic revenue growth in the high single-digits and further Service gross margin expansion, assuming a stable macro environment, and projects a full‑year income tax rate of 30%–32%.
Transcat, Inc. reported strong top-line growth but weaker earnings for its fiscal fourth quarter and full year ended March 28, 2026. Q4 revenue rose 15.8% to $89.3 million, led by 18.4% growth in service revenue to $61.6 million and 10.5% growth in distribution revenue to $27.8 million. Q4 gross margin improved to 34.1%, and Adjusted EBITDA* increased 16.0% to $14.8 million, but operating income fell 37.6% to $4.3 million and net income declined to $1.9 million, or $0.21 per diluted share.
For fiscal 2026, total revenue grew 19.2% to $331.9 million, with service revenue up 19.7% and distribution revenue up 18.2%. Full‑year gross margin expanded 50 basis points to 32.6% and Adjusted EBITDA* rose 22.7% to $48.7 million, while operating income decreased 25.8% to $13.3 million and net income dropped 63.0% to $5.4 million, or $0.57 per diluted share. Management attributes higher operating expenses to acquisitions, increased amortization, stock-based compensation, executive transition costs and incentives, and continues to guide to high single-digit service organic revenue growth for fiscal 2027.
Transcat, Inc. reported a change to executive compensation for its Chief Operating Officer, Michael W. West. Effective as of March 29, 2026, for the fiscal year ending March 27, 2027, Mr. West will receive a base salary of $425,000 per year, a target performance-based cash incentive equal to 40% of base salary, and a target long-term equity incentive equal to 65% of base salary. These elements together define his compensation opportunity for fiscal 2027.
Transcat, Inc. appointed Jaime Irick as its new President and Chief Executive Officer, effective March 29, 2026, and named him to the Board and Executive Committee. Longtime CEO Lee D. Rudow will retire from the CEO role and Board on March 28, 2026 and serve as a senior advisor through March 2027.
Under a new employment agreement, Mr. Irick will receive a $650,000 annual base salary, a target cash incentive equal to 100% of base salary for fiscal 2027, and equity incentives with a target value of $2.3 million for fiscal 2027. If he is terminated without cause, does not receive a renewal, or resigns for good reason, he is entitled to 12 months of salary, continued healthcare, and any earned bonus, with enhanced cash and equity benefits if termination occurs in connection with a change in control.
The Compensation Committee also increased Chief Financial Officer Thomas L. Barbato’s compensation for fiscal 2027 to a $480,000 base salary and a target cash incentive of 70% of base salary. In addition, the Board approved an updated indemnification agreement providing directors and executive officers with indemnification and expense advancement to the fullest extent permitted under Ohio law.
Transcat, Inc. furnished an update on its fiscal 2026 third quarter, for the period ended December 27, 2025, by issuing an earnings press release. The company also made investor presentation slides available on its website to accompany an earnings conference call and webcast scheduled for 4:30 p.m. Eastern Time on February 3, 2026. These materials are included as Exhibits 99.1 and 99.2 and are furnished rather than filed under securities laws.
Transcat, Inc. disclosed that its Compensation Committee approved a special one-time equity retention package for four executive officers under the 2021 Stock Incentive Plan. The awards are in the form of restricted stock units, with grants of 19,772 RSUs to Thomas L. Barbato, 10,380 to Theresa A. Conroy, 5,190 to Michael J. Haddad, and 12,028 to Michael W. West.
The retention awards are scheduled to vest on January 6, 2028, conditioned on each executive’s continued employment and as otherwise detailed in the award agreements. The company explains that these awards are intended to preserve leadership continuity during the transition to a successor chief executive officer and to directly incentivize the executives’ ongoing contributions.
Transcat, Inc. (TRNS) announced fiscal 2026 second‑quarter results for the period ended September 27, 2025, via a press release furnished as Exhibit 99.1. The company also posted investor presentation slides (Exhibit 99.2) on its website to accompany an earnings conference call and webcast scheduled for 4:30 p.m. Eastern Time on November 3, 2025.
The materials are furnished under Item 2.02 and are not deemed filed under the Securities Exchange Act of 1934.
Transcat, Inc. reported that effective September 10, 2025, Kristina Johnston, age 48, was appointed as principal accounting officer, following the planned retirement of prior principal accounting officer Scott D. Deverell. She has served as the Company’s controller since June 2025 and previously was Chief Financial Officer of Vintage Wine Estates, Inc. from March 2022 to December 2025 and held finance leadership roles at Constellation Brands, Inc. from 2018 to 2022.
Johnston’s annual base salary will be $250,000, with a target performance-based cash incentive of 30% of base salary and a target long-term equity incentive opportunity of 25% of base salary, plus participation in standard benefits. At the September 10, 2025 annual meeting, shareholders re-elected three directors with over 7.7 million votes each, approved executive compensation, and indicated a preference for holding advisory votes on executive pay every 1 year, which the Board adopted, with the next frequency vote to occur no later than the 2031 annual meeting.
Transcat, Inc. entered into a Transition Agreement with President and CEO Lee D. Rudow to manage his planned retirement and move into an advisory role. Effective March 30, 2025, he will receive a base salary of $741,000 per year, a target bonus of up to 100% of that salary for fiscal 2026, and equity incentive awards with a target value of $2.5 million. He also received 12,500 time-based restricted stock units and 12,500 performance restricted stock units tied to cumulative EBITDA goals in fiscal 2026. Rudow will serve as CEO through the end of fiscal 2026, then act as senior advisor through fiscal 2027 with a base salary of $1.5 million per year and no additional bonus or equity in fiscal 2027, and he is subject to non-compete and non-solicitation restrictions for 24 months after his service ends.