---
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"
generated_at: "2026-06-22T21:10:01.074868+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Transcat Q2 FY2023 revenue up 12% to $56.4M; service segment grows 19.4%

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-22-002614
- JSON: https://secwatch.observer/filing/0001206774-22-002614.json
- Plain text: https://secwatch.observer/filing/0001206774-22-002614.txt

## Key facts
- Earnings Releases
  TRANSCAT INC reported fiscal year 2023 second quarter ended September 24, 2022 results: revenue $56.4 million, net income $ 2,357, EPS $0.31.
  - Period: fiscal year 2023 second quarter ended September 24, 2022
  - Revenue: $56.4 million
  - Net income: $ 2,357
  - EPS: $0.31
  - Result: reported results
  source text: ($ 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_url: https://www.sec.gov/Archives/edgar/data/99302/000120677422002614/0001206774-22-002614-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.