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Transcat - 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 (TRNS) provides essential calibration services and compliance solutions for life sciences, pharmaceutical, and industrial sectors. This news hub offers investors and industry professionals direct access to official corporate announcements and strategic developments.

Find timely updates on regulatory compliance achievements, service network expansions, and financial performance. Our curated collection includes earnings reports, instrumentation innovations, and quality assurance milestones that demonstrate Transcat's market leadership.

Key content areas cover FDA-related compliance updates, ISO/IEC 17025 accreditation developments, distribution partnerships, and operational enhancements across Transcat's North American service centers. All materials maintain strict adherence to factual reporting standards.

Bookmark this page for streamlined access to Transcat's verified announcements. Check regularly for updates impacting measurement services, laboratory instrument validation, and industrial compliance solutions in regulated markets.

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Transcat Inc. (NASDAQ:TRNS) announces Mark Doheny stepping down as Chief Operating Officer and the appointment of Mike West as the new COO. The transition is effective immediately, with Doheny staying on as a consultant until October 2024. CEO Lee Rudow expresses confidence in West's ability to lead operations and highlights the company's consistent growth and profitability.
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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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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, 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, 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. 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. 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, 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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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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Nasdaq:TRNS

TRNS Rankings

TRNS Stock Data

787.49M
9.06M
2.42%
97.44%
5.09%
Industrial Distribution
Instruments for Meas & Testing of Electricity & Elec Signals
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United States
ROCHESTER