---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-021301"
form_type: "8-K"
ticker: "TRNS"
cik: "0000099302"
company_name: "TRANSCAT INC"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T21:36:44.846857+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Transcat Q1 revenue up 10.9% to $60.6M; service organic growth 11.2%, margins expand

## Summary
- Service revenue +17.6% to $39.9M, organic growth 11.2%; service gross margin +50 bps.
- Consolidated gross margin expanded 160 bps to 30.9%; adjusted EBITDA +16.1% to $8.5M.
- Distribution gross margin +270 bps to 27.7% on strong rental; revenue flat at $20.7M.
- Acquired SteriQual (life sciences CQV consulting) post-quarter; TIC-MS added early in Q1.
- Diluted EPS $0.38 vs $0.40; adjusted diluted EPS $0.52 vs $0.54.

## SEC filing metadata
- accession: 0001437749-23-021301
- form_type: 8-K
- ticker: TRNS
- cik: 0000099302
- company_name: TRANSCAT INC
- filed_at: 2023-08-01T23:59:59+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/99302/000143774923021301/0001437749-23-021301-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99302/000143774923021301/trns20230627_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-021301
- JSON: https://secwatch.observer/filing/0001437749-23-021301.json
- Plain text: https://secwatch.observer/filing/0001437749-23-021301.txt

## Key facts
- Earnings Releases
  TRANSCAT INC reported financial results for first quarter ended June 24, 2023.
  - Period: first quarter ended June 24, 2023
  - Result: reported results
  source text: On July 31, 2023, Transcat, Inc. (the “Company”) issued a press release announcing its financial results for its fiscal year 2024 first quarter ended June 25, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/99302/000143774923021301/0001437749-23-021301-index.htm

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