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. (symbol: TRNS) is a premier provider of accredited calibration, repair, inspection, and compliance services, serving a broad range of industries. Headquartered in the United States, with 20 strategically positioned centers of excellence in the U.S., Canada, and Puerto Rico, Transcat is well-known for delivering precise services with dependable turnaround times.
Transcat's core business revolves around offering calibration and laboratory instrumentation services. With ISO/IEC 17025 scopes of accreditation among the best in the industry, the company caters to life sciences, biotechnology, medical devices, pharmaceuticals, and other FDA-regulated sectors. It also supports industrial manufacturing, energy, utilities, and chemical manufacturing industries.
The company's operations are divided into two primary segments: Service and Distribution. The Service segment, which constitutes the majority of Transcat's revenue, focuses on calibration and laboratory services. The Distribution segment markets and distributes high-quality handheld test, measurement, and control instrumentation. Transcat's portfolio includes calibration instruments, dimensional measuring tools, electrical test instruments, and pressure measurement devices, among others. The firm sells products from well-known brands such as Estech, FLIR, Fluke, Keysight, and Megger.
Recent achievements include expanding its capabilities to address a broader range of measurement parameters, reinforcing its position as a leader in the field. Transcat’s commitment to innovation and excellence is evident in its ongoing projects and partnerships aimed at enhancing service delivery and broadening its product offerings.
Transcat (Nasdaq: TRNS) has acquired Martin Calibration Inc. for $79 million, comprising $69 million in cash and $10 million in company stock. Martin, an ISO-17025 Accredited calibration laboratory network with over $25 million in revenue, operates seven labs across the Midwest, including its flagship Minneapolis facility and locations in Chicago, Milwaukee, Eau Claire, Tempe, and Los Angeles.
The acquisition, Transcat's largest to date, strengthens its presence in the Medical, Life Science, Aerospace, and Nuclear sectors. Martin brings nearly 150 employees and 35 years of metrology expertise to Transcat's operations. The strategic move expands Transcat's geographic reach, particularly in the medical device and life science-rich Minneapolis region, while adding new capabilities and expertise to its service portfolio.
Transcat (NASDAQ: TRNS) reported Q2 fiscal 2025 results with consolidated revenue up 8% to $67.8 million. Service Revenue grew 6% to $44.1 million, marking the 62nd consecutive quarter of growth, while Distribution Revenue increased 11.1% to $23.7 million. Net income rose significantly to $3.3 million ($0.35 per diluted share) from $460,000 ($0.06 per diluted share) in the prior year. The company faced challenges with its Nexa business slowdown and hurricane impacts on Becnel operations, leading to a slight decline in gross margins. Management expects mid-single-digit organic Service revenue growth for FY25 and anticipates returning to high single-digit growth by first half of FY26.
Transcat, Inc. (Nasdaq: TRNS), a leading provider of accredited calibration services and professional grade test instrumentation, has announced the release of its second quarter fiscal year 2025 results. The company will disclose these results after the financial markets close on Monday, October 28, 2024.
Following the release, Transcat will host a conference call and webcast on Tuesday, October 29, 2024, at 11:00 a.m. Eastern Time. During this event, the company will review its financial and operating results, discuss corporate strategy and outlook, and conduct a question-and-answer session.
Interested parties can access the call via phone at (201) 689-8471 or through a webcast with an accompanying slide presentation available on Transcat's investor relations website. A telephonic replay will be accessible until November 5, 2024, by dialing (412) 317-6671 and entering conference ID 13749365.
Transcat Inc. (Nasdaq: TRNS) reported strong Q1 fiscal 2025 results, with significant gross margin expansion and EBITDA growth. Key highlights include:
- Consolidated revenue up 10.1% to $66.7 million
- Gross profit increased 21.1% to $22.7 million
- Gross margin expanded 310 basis points to 34.0%
- Adjusted EBITDA grew 20.4% to $10.2 million
- Adjusted diluted EPS rose 30.8% to $0.68
The Service segment saw 9.8% revenue growth and 150 basis points margin expansion. The Distribution segment experienced 10.5% sales growth and 620 basis points margin improvement. Transcat expects high single-digit to low double-digit organic Service revenue growth for fiscal 2025.
Transcat, Inc. (Nasdaq: TRNS), a leading provider of accredited calibration services and professional test equipment, has announced its upcoming first quarter fiscal year 2025 conference call and webcast. The company will release its financial results on Monday, July 29, 2024, after market close. The conference call is scheduled for Tuesday, July 30, 2024, at 11:00 a.m. Eastern Time.
Investors and analysts can join the call via phone at (201) 689-8471 or access the webcast and accompanying slide presentation on Transcat's investor relations website. A replay of the call will be available until August 6, 2024, by dialing (412) 317-6671 with conference ID 13747789. The webcast replay and transcript will also be accessible on the company's website.
Transcat reported significant growth in fiscal 2024, with double-digit organic service revenue growth and gross margin expansion. Fourth-quarter service gross margin expanded by 170 basis points due to a 13% increase in organic service growth. Distribution gross margin rose by 510 basis points, driven by rental strength. Consolidated adjusted EBITDA grew 29.8%, with a 200 basis point margin expansion.
Fiscal 2024 saw a 14.3% increase in consolidated revenue to $70.9 million. Consolidated gross profit rose by 25.5% to $24.0 million. Net income nearly doubled to $6.9 million, while adjusted EBITDA increased by 29.8% to $11.7 million. The company completed three acquisitions, enhancing its market reach and service offerings.
Cash flow from operations surged by 92% to $32.6 million. Total revenue for the year reached $259.5 million, a 12.5% increase, while net income per diluted share rose to $1.63 from $1.40. The outlook for fiscal 2025 remains optimistic, with continued growth expected in highly regulated markets and rental services.
Transcat, Inc. (Nasdaq: TRNS) announced the release of its fourth quarter fiscal year 2024 results on May 20, 2024. The company will host a conference call and webcast on May 21, 2024, to discuss financial and operating results, corporate strategy, and outlook.
FAQ
What is the current stock price of Transcat (TRNS)?
What is the market cap of Transcat (TRNS)?
What industries does Transcat Inc. serve?
What are the main services provided by Transcat Inc.?
Where are Transcat Inc.’s service centers located?
What are some of the brands Transcat Inc. distributes?
What is the primary revenue segment for Transcat Inc.?
What type of products does Transcat Inc. offer?
What is Transcat Inc.’s approach to quality and precision?
Has Transcat Inc. expanded its capabilities recently?
Does Transcat Inc. operate internationally?
What makes Transcat Inc. stand out in its industry?
