STOCK TITAN

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.

Overview of Transcat Inc

Transcat Inc is a distinguished provider of accredited calibration, repair, inspection, and compliance services, integrating advanced laboratory instrument services with a robust distribution arm. Key industry-specific terms such as calibration, laboratory instrument services, and ISO accreditation are pivotal in illustrating its deep-rooted technical expertise. The company operates through two primary segments: the Service segment which focuses on calibration and validation services, and the Distribution segment which supplies professional-grade test, measurement, and control instrumentation.

Core Services and Capabilities

The Service segment of Transcat Inc is engineered to offer comprehensive solutions in the realms of analytical instrument qualifications, equipment validation, and process inspection. Emphasizing precision, the firm addresses an extensive range of measurement parameters through its adherence to ISO/IEC 17025 accreditation standards. This rigorous quality framework reinforces the reliability of its services across various compliance-heavy industries such as medical devices, life science, biotechnology, and pharmaceuticals.

Industry Applications and Market Position

Transcat Inc has strategically positioned itself within several regulated and manufacturing intensive industries. Its service portfolio is tailored to meet the stringent needs of FDA-regulated sectors including pharmaceutical and medical device industries, as well as industrial manufacturing, energy, utilities, and chemical processing. This multi-industry focus not only diversifies its revenue streams but also reinforces its reputation as a dependable and versatile service provider.

Distribution Segment and Product Offerings

Alongside its services, Transcat Inc operates a well-integrated Distribution segment. This division specializes in marketing and distributing a broad range of professional-grade handheld test, measurement, and control instruments. By collaborating with renowned brand names, the company ensures that customers have access to premier and proprietary product lines, which complement the precision and reliability of its calibration services.

Operational Excellence and Quality Assurance

With over 20 strategically located centers of excellence across the United States, Canada, and Puerto Rico, Transcat Inc demonstrates a commitment to operational efficiency and quality. The company leverages its widespread network to ensure prompt turnaround times and accurate service delivery. The stringent application of internationally recognized standards underpins its operational protocols, providing a consistent and transparent framework that enhances both customer confidence and compliance adherence.

Competitive Differentiation and Strategic Value

Transcat Inc differentiates itself through its dual-operating model which combines an extensive service portfolio with a dedicated distribution network. This integration allows the firm to serve as a single-source partner for industries that demand both precision in calibration and high-quality instrumentation. Its ability to maintain accreditation across diverse measurement parameters and a robust geographic footprint underlines its strategic importance in regulated markets.

Conclusion

In summary, Transcat Inc stands out by delivering a comprehensive suite of services and products that assure quality, compliance, and operational precision. Its commitment to rigorous accreditation standards and extensive industry expertise cements its role as a critical resource for organizations in regulated and industrial sectors. The company’s balanced focus on both calibration services and the distribution of high-quality test instruments positions it as a trusted entity within its competitive landscape.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.69%
Tags
management
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.68%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.43%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.43%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.81%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.32%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags

FAQ

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

The current stock price of Transcat (TRNS) is $74.16 as of April 1, 2025.

What is the market cap of Transcat (TRNS)?

The market cap of Transcat (TRNS) is approximately 688.6M.

What are the primary business segments of Transcat Inc?

Transcat Inc operates through two main segments: a comprehensive services segment providing calibration, repair, inspection, and compliance services, and a distribution segment that markets professional-grade test, measurement, and control instruments.

How does Transcat Inc ensure the accuracy and reliability of its calibration services?

The company adheres strictly to internationally recognized standards, including ISO/IEC 17025, ensuring each calibration and validation process meets rigorous quality and precision criteria.

Which industries does Transcat Inc serve?

Transcat Inc serves a multitude of sectors including life sciences, biotechnology, pharmaceutical, medical device, industrial manufacturing, energy, and chemical processing industries, especially those requiring FDA compliance.

What types of products does the Distribution segment offer?

The Distribution segment of Transcat Inc offers a broad range of professional-grade handheld test, measurement, and control instrumentation sourced from both premier and proprietary brands.

How do Transcat Inc's services support regulatory compliance?

By following stringent accreditation protocols such as ISO/IEC 17025 and focusing on detailed inspection and validation services, Transcat Inc helps its clients maintain compliance with industry regulations.

What distinguishes Transcat Inc's operations in the market?

The firm's dual-operating model, strategic network of centers across North America, and its commitment to precision and quality enable it to offer a unique combination of calibration services and high-quality instrumentation distribution.

Can you explain the role of ISO/IEC 17025 accreditation in Transcat’s operations?

ISO/IEC 17025 accreditation is central to Transcat Inc’s operational integrity, ensuring that its calibration and testing services meet international standards for quality and accuracy, thus building trust with its clients.

How does Transcat Inc integrate its service and distribution segments?

The integration allows for a seamless approach where precision calibration services support the effective use of high-quality test and measurement instruments, offering clients a comprehensive solution from a single provider.
Transcat

Nasdaq:TRNS

TRNS Rankings

TRNS Stock Data

688.62M
9.06M
2.42%
97.44%
5.09%
Industrial Distribution
Instruments for Meas & Testing of Electricity & Elec Signals
Link
United States
ROCHESTER