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, Inc. (NASDAQ: TRNS) will announce its third quarter fiscal year 2022 results on February 1, 2022, after market close. The company will host a conference call on February 2, 2022, at 11:00 a.m. ET, to review financial and operational results alongside its corporate strategy and future outlook. Transcat, a leader in providing calibration, repair, and laboratory services, aims to leverage its dual service and distribution segments to fuel organic sales growth and expand its market share through strategic acquisitions.
Transcat, Inc. (Nasdaq: TRNS) has acquired Tangent Labs, LLC for $9 million, effective December 31, 2021. Tangent, specializing in precision calibration for regulated sectors such as life science and aerospace, generates approximately $2.2 million in annual revenue. This acquisition aligns with Transcat's expansion strategy, providing new presences in key markets, particularly in Indiana and Huntsville, Alabama. Kevin Broderick, Tangent's owner, will integrate into Transcat's leadership, enhancing the company's existing service capabilities to drive further profitability.
Transcat, Inc. (NASDAQ: TRNS) will participate in the Sidoti Virtual Micro Cap Investor Conference on December 8, 2021. CEO Lee D. Rudow and CFO Mark A. Doheny will present at 9:15 a.m. ET and are available for investor meetings. A link to the live webcast and presentation materials can be found on their investor relations page. Transcat specializes in accredited calibration, repair, inspection, and laboratory services, catering to regulated industries such as Life Sciences and Aerospace.
Transcat, Inc. (NASDAQ: TRNS) reported a strong second quarter for fiscal 2022, with consolidated revenue reaching $50.4 million, a 21.1% increase year-over-year. The Service segment revenue rose 20.3% to $29.5 million, while the Distribution segment saw a 22.2% increase to $20.8 million. Gross margins improved, with the Service segment at 32.9% and Distribution at 23.5%. Adjusted EBITDA rose 35.5% to $7.1 million. Operating expenses included one-time costs from the NEXA acquisition, totaling $0.8 million. The company expects continued growth in the third quarter, driven by organic and acquisition-related revenue.
Transcat, Inc. (NASDAQ: TRNS) is set to release its second quarter fiscal year 2022 results on
Transcat, Inc. (NASDAQ: TRNS), a leader in calibration and laboratory services, will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO Lee D. Rudow and CFO Mark A. Doheny will deliver a pre-recorded presentation available from 7:00 am ET on September 13th. The presentation materials will also be accessible on Transcat's investor relations website, with a replay available for 60 days. Transcat focuses on regulated industries and aims to enhance organic sales growth through strategic acquisitions and investments.
Transcat, Inc. (NASDAQ: TRNS) announced the acquisition of Cal Opex Limited, now known as NEXA Enterprise Asset Management, for $22.5 million, comprising $20.25 million in cash and $2.25 million in stock. The deal, effective August 31, 2021, includes potential earn-out payments of up to $7.5 million based on revenue and EBITDA goals. NEXA, focusing on reliability management for regulated industries, generated $7.5 million in annual revenue and has a strong profitability profile. This acquisition is expected to enhance Transcat's growth in calibration and asset management services.
Transcat, Inc. (NASDAQ: TRNS) recently announced that CEO Lee D. Rudow and CFO Mark A. Doheny will present at the Oppenheimer Technology, Internet and Communications Virtual Conference on August 11, 2021, starting at 8:15 AM ET. Investors can access the live webcast and materials at transcat.com/investor-relations. The replay will be available for 60 days. Transcat offers accredited calibration, inspection, and repair services, focusing on highly regulated industries, and aims to drive organic growth through strategic expansions and enhanced service offerings.
Transcat reported record financial results for the first quarter of fiscal 2022, ending June 26, 2021. The company achieved a 22.8% increase in consolidated revenue to $47.8 million, driven by strong performance in its Service and Distribution segments. Service revenue grew 20%, with a gross margin improvement of 540 basis points. Net income surged 362.2% to $3.7 million, or $0.49 per share. The company also amended its credit facility, boosting its revolving credit capacity to $80 million for future growth.
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