---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-002085"
form_type: "8-K"
ticker: "TRNS"
cik: "0000099302"
company_name: "TRANSCAT INC"
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T06:18:20.772160+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Transcat Q3 service revenue up 19%, adjusted EBITDA +20.5% to $6.6M

## Summary
- Service revenue $35.98M (+19% YoY), organic growth 12%; distribution revenue $21.43M (+3.7%).
- Consolidated gross margin 28.6%, up 180 bps; adjusted EBITDA margin 11.5%, up 80 bps.
- Diluted EPS $0.21; adjusted diluted EPS $0.35 vs $0.36 prior year.
- Distribution gross margin 26.2% (+370 bps) driven by rental demand; backlog $9.5M (+7%).
- Acquired e2b Calibration in Cleveland during Q3; NEXA asset management driving double-digit organic growth.

## SEC filing metadata
- accession: 0001437749-23-002085
- form_type: 8-K
- ticker: TRNS
- cik: 0000099302
- company_name: TRANSCAT INC
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/99302/000143774923002085/0001437749-23-002085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99302/000143774923002085/trns20221220c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-002085
- JSON: https://secwatch.observer/filing/0001437749-23-002085.json
- Plain text: https://secwatch.observer/filing/0001437749-23-002085.txt

## Key facts
- Earnings Releases
  TRANSCAT INC reported the fiscal year 2023 third quarter ended December 24, 2022 results: revenue $ 57,402, net income $ 1,601, EPS $ 0.21.
  - Period: the fiscal year 2023 third quarter ended December 24, 2022
  - Revenue: $ 57,402
  - Net income: $ 1,601
  - EPS: $ 0.21
  - Result: reported results
  source text: Third Quarter Fiscal 2023 Review (Results are compared with the third quarter of the fiscal year ended March 26, 2022 ( “ fiscal 2022 ” )) ($ in thousands) Change FY23 Q3 FY22 Q3 $'s % Service Revenue $ 35,977 $ 30,237 $ 5,740 19.0 % Distribution Sales 21,425 20,665 760 3.7 % Revenue $ 57,402 $ 50,902 $ 6,500 12.8 % Gross Profit $ 16,400 $ 13,636 $ 2,764 20.3 % Gross Margin 28.6 % 26.8 % Operating Income $ 3,163 $ 2,361 $ 802 34.0 % Operating Margin 5.5 % 4.6 % Net Income $ 1,601 $ 1,629 $ (28 ) (1.7 )% Net Margin 2.8 % 3.2 % Adjusted EBITDA* $ 6,585 $ 5,466 $ 1,119 20.5 % Adjusted EBITDA* Margin 11.5 % 10.7 % Diluted EPS $ 0.21 $ 0.21 $ - 0.0 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/99302/000143774923002085/0001437749-23-002085-index.htm

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