Transcat News Releases

  1. Transcat Reports Record First Quarter Results on 23% Revenue Growth and Solid Gross Margin Expansion

    • Consolidated revenue of $47.8 million up 22.8% from prior year
    • Service segment revenue grew 20% and gross margin expanded 540 basis points to 31.8%; organic revenue grew 16.6%
    • Distribution segment revenue grew 27% and gross margin expanded 260 basis points to 23.6%
    • Adjusted EBITDA of $6.1 million, up 75% from prior year
    Read more »
  2. Transcat Announces First Quarter Fiscal Year 2022 Conference Call and Webcast

    ROCHESTER, NY, July 14, 2021 – 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, announced that it will release its first quarter fiscal year 2022 results after the close of financial markets on Tuesday, July 27, 2021.

    Read more »
  3. Transcat Reports Record Revenue, Operating Income and Cash Flow for Fourth Quarter and Full Year Fiscal 2021

    • Consolidated fourth quarter revenue of $48.8 million up 6.6% from prior year; full year revenue slightly above prior year
    • Service segment fourth quarter organic revenue grew 10% and gross margin expanded 500 basis points to 33.9%
    • Service segment surpassed $100 million in revenue and 30% gross margin milestones for the full year
    • Record full year operating income and operating cash flow of $11.1 million and $23.6 million, respectively
    Read more »
  4. Transcat Announces Additions to Board of Directors

    ROCHESTER, NY, May 13, 2021 – 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, announced the appointments of Craig D. Cairns and Mbago M. Kaniki to its Board of Directors, effective May 12, 2021. These additions fill the vacancies that were created by the retirement of John Smith in January 2021 and Alan Resnick, who departed from the Board in September 2020. Both new Directors are considered independent.

    Read more »
  5. Transcat Announces Fourth Quarter and Full Fiscal Year 2021 Conference Call and Webcast

    ROCHESTER, NY, May 5, 2021 – 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, announced that it will release its fourth quarter and full fiscal year 2021 results after the close of financial markets on Tuesday, May 18, 2021.

    Read more »
  6. Transcat, Inc. to Present at Sidoti Spring 2021 Virtual Conference

    ROCHESTER, NY, March 17, 2021 – 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, announced that Lee D. Rudow, President and Chief Executive Officer, and Mark A. Doheny, Chief Financial Officer, will present and be available for investor meetings at the Sidoti Spring 2021 Virtual Conference on Wednesday, March 24, 2021.

    Read more »
  7. Transcat Reports Third Quarter Operating Income Increase of 20% on Solid Service Organic Growth and Gross Margin Expansion

    • Total revenue of $44.1 million up 2% from prior-year period in an environment that continues to be impacted by the COVID-19 pandemic
    • Service segment organic revenue growth of 5.9%; Total Service revenue up 12.2%
    • Service segment gross margin expanded 590 basis points to 27.9%
    Read more »
  8. Transcat Announces Third Quarter Fiscal Year 2021 Conference Call and Webcast

    ROCHESTER, NY, January 20, 2021 – 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, announced that it will release its third quarter fiscal year 2021 results after the close of financial markets on Tuesday, February 2, 2021.

    Read more »
  9. Transcat, Inc. Expands Life Science Market Penetration with BioTek Services, Inc. Acquisition

    ROCHESTER, NY, December 16, 2020 – 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, announced that it has acquired substantially all of the assets of BioTek Services, Inc. (“BioTek”), effective December 16, 2020. The purchase price was $3.5 million and is subject to certain customary holdback provisions.

    Read more »
  10. Transcat, Inc. Increases Shelf Registration to $75 million

    ROCHESTER, NY, November 17, 2020 – 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, announced that it has filed a new shelf registration statement on Form S-3 with the United States Securities and Exchange Commission (“SEC”) to replace its previous shelf registration statement, which expires on December 17, 2020. The registration statement was filed on November 17, 2020 and will become effective upon successful review by the SEC.

    Read more »