Transcat Blog

  1. Transcat Reports Strong Third Quarter Results on Service Gross Margin Expansion and Adjusted EBITDA Growth

    • Service gross margin expanded 250 basis points driven by 9.1% Service organic growth
    • Distribution gross margin expands 530 basis points to 31.5% on strength of Rentals
    • Consolidated adjusted EBITDA grew 38.5% with margins expanding 250 basis points
    • Operating Cash Flow of $26.9M year-to-date
       

    ROCHESTER, NY, January 29, 2024 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement, and control instrumentation, today reported financial results for its third quarter ended December 23, 2023 (the “third quarter”) of fiscal year 2024, which ends March 30, 2024 (“fiscal 2024”).  Results include the previously reported acquisitions of TIC-MS, Inc. ("TIC-MS") effective March 27, 2023, SteriQual, Inc. ("SteriQual"),

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  2. Transcat Announces Third Quarter Fiscal Year 2024 Conference Call and Webcast

    ROCHESTER, NY, January 15, 2024 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its third quarter fiscal year 2024 results after the close of financial markets on Monday, January 29, 2024. The Company will host a conference call and webcast on Tue, Jan 30, 2024 11:00 AM EST

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  3. Transcat Reports Strong Second Quarter Results on Double-Digit Organic Service Growth and Expanding Gross Margins

    ROCHESTER, NY, October 30, 2023 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement, and control instrumentation, today reported financial results for its second quarter ended September 23, 2023 (the “second quarter”) of fiscal year 2024, which ends March 30, 2024 (“fiscal 2024”). Results include the previously reported acquisitions of TIC-MS, Inc. ("TIC-MS") effective March 27, 2023, SteriQual, Inc. ("SteriQual"), effective July 12, 2023 and Axiom Test Equipment, Inc. (“Axiom”), effective August 8, 2023

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  4. Transcat Announces Second Quarter Fiscal Year 2024 Conference Call and Webcast

    ROCHESTER, NY, October 16, 2023 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its second quarter fiscal year 2024 results after the close of financial markets on Monday, October 30, 2023. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow.

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  5. Transcat Reports Strong First Quarter Results on Double-Digit Organic Service Growth and Expanding Gross Margins

    ROCHESTER, NY, July 31, 2023 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement, and control instrumentation, today reported financial results for its first quarter ended June 24, 2023 (the “first quarter”) of fiscal year 2024, which ends March 30, 2024 (“fiscal 2024”). Results include the previously reported acquisitions of Charlton Jeffmont Inc., Raitz Inc. and Toolroom Calibration Inc. (d/b/a Alliance Calibration) (“Alliance”) effective May 31, 2022, e2b Calibration ("e2b"), effective September 27, 2022, Galium Limited (d/b/a Complete Calibrations) ("Complete Calibrations"), effective September 28, 2022 and TIC-MS, Inc. ("TIC-MS") effective March 27, 2023. 

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  6. Transcat Strengthens Midwest Presence with Acquisition of St. Louis based TIC-MS, Inc.

    ROCHESTER, NY, March 27, 2023 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it has purchased all of the capital stock of privately-held TIC-MS, Inc. (TIC-MS), effective March 27, 2023. The purchase price of $9.7 million was paid in combination of 70% stock and 30% cash and is subject to certain customary holdback provisions.  

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  7. Transcat Reports Third Quarter EBITDA Increase of 20% on 19% Service Revenue Growth and Strong Gross Margin Expansion

    ROCHESTER, NY, January 30, 2023 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, today reported financial results for its third quarter ended December 24, 2022 (the “third quarter”) of fiscal year 2023, which ends March 25, 2023 (“fiscal 2023”). Results include the previously reported acquisitions of Cal OpEx Limited (d/b/a NEXA Enterprise Asset Management) (“NEXA”) effective August 31, 2021, Tangent Labs, LLC (“Tangent”) effective December 31, 2021 and Charlton Jeffmont Inc., Raitz Inc. and Toolroom Calibration Inc. (d/b/a Alliance Calibration) (“Alliance”) effective May 31, 2022, e2b Calibration, effective September 27, 2022 and Galium Limited (d/b/a Complete Calibrations), effective September 28, 2022

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  8. Transcat Announces Third Quarter Fiscal Year 2023 Conference Call and Webcast

    ROCHESTER, NY, January 18, 2023 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its third quarter fiscal year 2023 results after the close of financial markets on Monday, January 30, 2023.

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  9. Transcat, Inc. to Participate in the 13th Annual Craig-Hallum Alpha Select Conference in New York, NY

    ROCHESTER, NY, November 4, 2022 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, enterprise asset management including CMMS, reliability, quality, compliance and validation services, and value-added rentals and distributor of professional grade handheld test, measurement and control instrumentation, announced that Lee Rudow, President and Chief Executive Officer, and Tom Barbato, Chief Financial Officer, will be available for investor meetings at the Craig-Hallum Alpha Select Conference on Thursday, November 17, 2022 at the Sheraton New York Times Square Hotel in New York, NY. Transcat will host one-one-one meetings from 8:00 a.m. to 4:40 p.m. ET.

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  10. Transcat, Inc. to Present at 14th Annual Southwest IDEAS Investor Conference on November 16th in Dallas, TX

    ROCHESTER, NY, November 4, 2022 – Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, enterprise asset management including CMMS, reliability, quality, compliance and validation services, and value-added rentals and distributor of professional grade handheld test, measurement and control instrumentation, announced that Lee Rudow, President and Chief Executive Officer, and Tom Barbato, Chief Financial Officer, will present and be available for investor meetings at the Southwest IDEAS Investor Conference on Wednesday, November 16, 2022 at the Westin Dallas Downtown in Dallas, TX. Transcat’s presentation is scheduled to begin at 3:45 p.m. CT. The presentation will be webcast live and can be accessed through the conference host’s main website: www.IDEASconferences.com and in the investor relations section of the company's website: https://www.transcat.com/investor-relations. A replay of the webcast will be available for 90 days.

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