Transcat, Inc.
NASDAQ•TRNS
CEO: Mr. Lee D. Rudow
Sector: Industrials
Industry: Industrial - Distribution
Listing Date: 1977-12-05
Transcat, Inc. provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates through two segments: Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services. This segment also provides CalTrak, a proprietary document and asset management system that is used to manage the workflow of its calibration service centers and customers' assets; and Compliance, Control and Cost, an online customer portal that provides its customers with web-based asset management capability, as well as a safe and secure off-site archive of calibration and other service records. The Distribution segment sells and rents test, measurement, and control instruments for customers' test and measurement instrumentation needs, as well as value added services, such as calibration/certification of equipment purchase, equipment rental, used equipment for sale, and equipment kitting. This segment markets and sells its products through website, digital and print advertising, proactive outbound sales, and an inbound call center. The company provides services and products to highly regulated industries, principally life science, which includes companies in the pharmaceutical, biotechnology, medical device, and other FDA-regulated industries; and additional industries, including aerospace and defense industrial manufacturing, energy and utilities, and other industries that require accuracy in processes and confirmation of the capabilities of their equipment. Transcat, Inc. was incorporated in 1964 and is headquartered in Rochester, New York.
Contact Information
Market Cap
$593.71M
P/E (TTM)
45.5
35.1
Dividend Yield
--
52W High
$107.02
52W Low
$50.23
52W Range
Rank22Top 8.4%
5.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q2 2025 Data
Revenue
$82.27M+21.30%
4-Quarter Trend
EPS
$0.14-62.19%
4-Quarter Trend
FCF
$8.42M+192.87%
4-Quarter Trend
2025 Q2 Earnings Highlights
Key Highlights
Revenue Growth Strong Total revenue reached $158.7 M for six months, increasing 18.0% driven by recent acquisitions including Essco and Martin.
Adjusted EBITDA Rises Six-month Adjusted EBITDA grew 25.2% to $23.88 M, demonstrating strong operational leverage improvement across core segments.
Gross Margin Expansion Q2 Gross Margin improved 1.2% to 32.5%, supported by higher margin Distribution rental revenue mix compared to prior year.
Liquidity Strengthened Secured $150.0 M Credit Facility established in July 2025, providing significant borrowing availability for future growth needs.
Risk Factors
GAAP Net Income Drops Q2 Net Income fell 61.4% to $1.27 M due to higher interest expense, net and increased income tax provision.
Organic Service Revenue Decline Organic Service revenue decreased 1.7% in Q2, primarily due to lower revenue contribution from the Transcat Solutions business.
High Operating Expenses Q2 Operating Expenses rose 33.1% to $23.3 M, driven by acquisition-related amortization and increased payroll costs.
Integration Complexity Risk Significant goodwill and intangibles recorded from Essco and Martin acquisitions require careful integration execution.
Outlook
Acquisition Strategy Continues Pipeline remains strong; Essco and Martin deals expand geographic reach and capabilities effectively, increasing market share.
Service Organic Growth Expected Expect return to single-digit Service organic revenue growth in the second half of fiscal year 2026 beyond current volatility.
Tax Rate Guidance Set Full fiscal year 2026 income tax rate estimated to range between 30% and 32% USD, reflecting discrete tax accounting.
Leverage Strong Position Diversified portfolio and strong financial profile position company well for sustainable, long-term shareholder value creation.
Peer Comparison
Revenue (TTM)
$3.91B
FWRD$2.50B
NX$1.84B
Gross Margin (Latest Quarter)
EH60.8%
KRNT43.4%
38.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| FWRD | $868.62M | -7.3 | -71.5% | 77.2% |
| NAT | $859.71M | 439.5 | 0.4% | 46.7% |
| GNK | $822.92M | -115.0 | -0.8% | 14.8% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
7.2%
Steady Growth
4Q Net Income CAGR
-18.6%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Jan 26, 2026
EPS:$0.36
|Revenue:-
Reports
All Years
Form 10-Q - Q2 2025
Period End: Sep 27, 2025|Filed: Nov 5, 2025|Revenue: $82.27M+21.3%|EPS: $0.14-62.2%MissForm 10-Q - Q1 2025
Period End: Jun 28, 2025|Filed: Aug 6, 2025|Revenue: $77.13M+15.6%|EPS: $0.48-2.0%BeatForm 10-K - FY 2024
Period End: Mar 29, 2025|Filed: May 27, 2025|Revenue: $278.42M+7.3%|EPS: $1.58-4.8%BeatForm 10-Q - Q3 2024
Period End: Dec 28, 2024|Filed: Feb 5, 2025|Revenue: $66.75M+2.4%|EPS: $0.26-33.3%MissForm 10-Q - Q2 2024
Period End: Sep 28, 2024|Filed: Nov 6, 2024|Revenue: $67.83M+8.0%|EPS: $0.36+512.2%MissForm 10-Q - Q1 2024
Period End: Jun 29, 2024|Filed: Aug 7, 2024|Revenue: $66.71M+10.1%|EPS: $0.49+25.6%MissForm 10-K - FY 2023
Period End: Mar 30, 2024|Filed: May 28, 2024|Revenue: $259.48M+12.5%|EPS: $1.66+16.9%MissForm 10-Q - Q3 2023
Period End: Dec 23, 2023|Filed: Jan 31, 2024|Revenue: $65.17M+13.5%|EPS: $0.39+85.7%Miss