{"schema_version":"secwatch.filing_event.v1","accession":"0001206774-22-002614","form_type":"8-K","ticker":"TRNS","cik":"0000099302","company_name":"TRANSCAT INC","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.144206+00:00","generated_at":"2026-06-22T21:10:01.074868+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Transcat Q2 FY2023 revenue up 12% to $56.4M; service segment grows 19.4%","bullets":["Consolidated revenue $56.4M (+12.0% YoY); service revenue $35.3M (+19.4%, organic +9.3%).","Gross margin improved 70 bps to 29.7%; distribution gross margin up 140 bps to 24.9%.","GAAP diluted EPS $0.31 vs $0.40; adjusted diluted EPS $0.44 vs $0.57 (higher tax rate).","Adjusted EBITDA $7.5M (+6.4%); total debt $50.8M, leverage ratio 1.81x.","Acquisitions closed after Q2: Complete Calibrations (Ireland) and e2b Calibration (Cleveland)."],"urls":{"canonical":"https://secwatch.observer/filing/0001206774-22-002614","json":"https://secwatch.observer/filing/0001206774-22-002614.json","markdown":"https://secwatch.observer/filing/0001206774-22-002614.md","text":"https://secwatch.observer/filing/0001206774-22-002614.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/99302/000120677422002614/0001206774-22-002614-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/99302/000120677422002614/transcat4124641-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T21:10:01.074868+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bf66155e0f20bfd925be8df997323812d3d49819","claim":"TRANSCAT INC reported fiscal year 2023 second quarter ended September 24, 2022 results: revenue $56.4 million, net income $ 2,357, EPS $0.31.","evidence_excerpt":"($ in thousands) Change FY23 Q2 FY22 Q2 $'s % Service Revenue $ 35,267 $ 29,544 $ 5,723 19.4% Distribution Sales 21,172 20,843 329 1.6% Revenue $ 56,439 $ 50,387 $ 6,052 12.0% Gross Profit $ 16,767 $ 14,611 $ 2,156 14.8% Gross Margin 29.7% 29.0% Operating Income $ 3,626 $ 3,578 $ 48 1.3% Operating Margin 6.4% 7.1% Net Income $ 2,357 $ 3,015 $ (658) (21.8%) Net Margin 4.2% 6.0% Adjusted EBITDA* $ 7,531 $ 7,079 $ 452 6.4% Adjusted EBITDA* Margin 13.3% 14.0% *See Note 1 on page 4 for a description of this non-GAAP financial measure and page 10 for the Adjusted EBITDA Reconciliation table. Consolidated revenue was $56.4 million, an increase of 12.0%. Consolidated gross profit was $16.8 million, an increase of $2.2 million, or 14.8%, and gross margin expanded 70 basis points to 29.7% due to strong performance in the Distribution segment. Operating expenses increased $2.1 million, or 19.1%, driven by incremental expenses from acquired businesses (including stock-based compensation expense),","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/99302/000120677422002614/0001206774-22-002614-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023 second quarter ended September 24, 2022"},{"label":"Revenue","value":"$56.4 million"},{"label":"Net income","value":"$ 2,357"},{"label":"EPS","value":"$0.31"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}