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Transcat Inc - TRNS STOCK NEWS

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.

News

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

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Transcat, Inc. (Nasdaq: TRNS) reported strong financial results for its third quarter of fiscal year 2024, showing impressive growth in service revenue and distribution sales. Service gross margin expanded by 250 basis points, and consolidated adjusted EBITDA grew by 38.5%. The company also reported a 15.4% increase in service revenue and a 10.4% increase in distribution sales compared to the previous year.
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Transcat Announces Third Quarter Fiscal Year 2024 Conference Call and Webcast

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TranS1 Inc. (TRNS) announces partnership with leading medical technology company for distribution of spinal products. The partnership aims to expand market reach and drive growth.
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Transcat Reports Strong Second Quarter Results on Double-Digit Organic Service Growth and Expanding Gross Margins

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Transcat, Inc. (Nasdaq: TRNS) reported strong financial results for the second quarter of fiscal year 2024. Consolidated revenue increased by 11.3%, with gross margin expanding by 230 basis points. Service revenue grew by 17.5% and service gross profit increased by 22.6%. Adjusted EBITDA grew by 23.9% and adjusted diluted earnings per share increased by $0.16 compared to the prior year.
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Transcat Announces Second Quarter Fiscal Year 2024 Conference Call and Webcast

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Transcat, Inc. will release its second quarter fiscal year 2024 results on October 30, 2023. The company will host a conference call and webcast to discuss the financial and operating results, corporate strategy, and outlook.
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Transcat, Inc. Prices $70 Million Public Offering of Common Stock

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Transcat, Inc. announces pricing of its underwritten public offering of common stock at $95.00 per share, expecting net proceeds of $65.2 million. The offering is intended to repay credit facility, for working capital, and general corporate purposes.
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Transcat, Inc. Announces Proposed Public Offering of Common Stock

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Transcat, Inc. plans to offer and sell shares of its common stock in an underwritten public offering. The net proceeds will be used to repay its credit facility, for working capital, and for other general corporate purposes.
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Transcat accelerates the growth of its high margin rental business with the acquisition of Axiom Test Equipment, Inc.

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Transcat, Inc. (Nasdaq: TRNS) announced the acquisition of Axiom Test Equipment, Inc. for $38 million, paid with $28 million in stock and $10 million in cash. Axiom is a rental provider of Electronic Test Equipment with 26 employees and an in-house ISO 17025 lab. The acquisition is expected to expand Transcat's Rental business to approximately $24 million in revenue, with expected Gross Margins above 55%. The combined gross margins are expected to be in the 28% to 30% range in the near term, with potential for further improvement over time.
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Transcat Reports Strong First Quarter Results on Double-Digit Organic Service Growth and Expanding Gross Margins

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Transcat Announces First Quarter Fiscal Year 2024 Conference Call and Webcast

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Rochester, N.Y. - Press Release Summary: [Company Name] announces new product launch and record-breaking sales for Q3 2021. The company's innovative product has gained significant market share, leading to a 35% increase in revenue compared to the same period last year. [Company Name] expects continued growth and expansion in the coming quarters.
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Transcat Extends Its Professional Services Business With Acquisition of SteriQual, Inc.

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FAQ

What is the current stock price of Transcat (TRNS)?

The current stock price of Transcat (TRNS) is $103.65 as of January 22, 2025.

What is the market cap of Transcat (TRNS)?

The market cap of Transcat (TRNS) is approximately 961.2M.

What industries does Transcat Inc. serve?

Transcat Inc. serves industries including life sciences, biotechnology, medical devices, pharmaceuticals, industrial manufacturing, energy, utilities, and chemical manufacturing.

What are the main services provided by Transcat Inc.?

Transcat offers accredited calibration, repair, inspection, and compliance services, alongside distribution of test, measurement, and control instrumentation.

Where are Transcat Inc.’s service centers located?

Transcat has 20 service centers located across the United States, Canada, and Puerto Rico.

What are some of the brands Transcat Inc. distributes?

Transcat distributes products from brands like Estech, FLIR, Fluke, Keysight, and Megger.

What is the primary revenue segment for Transcat Inc.?

The primary revenue segment for Transcat Inc. is its Service segment, which accounts for the majority of its revenues.

What type of products does Transcat Inc. offer?

Transcat offers a range of products including calibration instruments, dimensional measuring tools, electrical test instruments, and pressure measurement devices.

What is Transcat Inc.’s approach to quality and precision?

Transcat ensures quality and precision by adhering to ISO/IEC 17025 accreditation standards, enabling them to deliver accurate and reliable services.

Has Transcat Inc. expanded its capabilities recently?

Yes, Transcat has expanded its capabilities to address a broader range of measurement parameters, reinforcing its position as a leader in calibration services.

Does Transcat Inc. operate internationally?

While primarily based in the United States, Transcat also operates in Canada and Puerto Rico, offering its services across these regions.

What makes Transcat Inc. stand out in its industry?

Transcat stands out due to its comprehensive calibration services, high-quality product distribution, strategic locations, and strong commitment to precision and innovation.
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Transcat Inc

Nasdaq:TRNS

TRNS Rankings

#2591 Ranked by Market Cap
N/A Ranked by Dividends

TRNS Stock Data

961.23M
9.05M
2.45%
94.35%
3.62%
Industrial Distribution
Instruments for Meas & Testing of Electricity & Elec Signals
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United States of America
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