---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002508"
form_type: "8-K"
ticker: "TRNS"
cik: "0000099302"
company_name: "TRANSCAT INC"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:45:24.773934+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Transcat Q3 FY2024 revenue up 13.5% to $65.2M; adj. EBITDA +38.5% to $9.1M

## Summary
- Service revenue grew 15.4% to $41.5M; service gross margin expanded 250 bps on organic growth and productivity.
- Distribution sales up 10.4% to $23.7M; distribution gross margin expanded 530 bps to 31.5% on rental strength.
- Net income more than doubled to $3.35M; diluted EPS $0.38, adjusted diluted EPS $0.56 (+60% YoY).
- Acquisitions (TIC-MS, SteriQual, Axiom) contributed to growth; integration driving cross-sell synergies and accretion.
- Operating cash flow YTD of $26.9M; adjusted EBITDA margin expanded 250 bps to 14.0%.

## SEC filing metadata
- accession: 0001437749-24-002508
- form_type: 8-K
- ticker: TRNS
- cik: 0000099302
- company_name: TRANSCAT INC
- filed_at: 2024-01-30T23:59:59+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/99302/000143774924002508/0001437749-24-002508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/99302/000143774924002508/trns20240103_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002508
- JSON: https://secwatch.observer/filing/0001437749-24-002508.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002508.txt

## Key facts
- Earnings Releases
  TRANSCAT INC reported the third quarter ended December 23, 2023 results: revenue $65,166, net income $3,348, EPS $0.56.
  - Period: the third quarter ended December 23, 2023
  - Revenue: $65,166
  - Net income: $3,348
  - EPS: $0.56
  - Result: reported results
  source text: 2023 ( “ fiscal 2023 ” )) ($ in thousands) Change FY24 Q3 FY23 Q3 $'s % Service Revenue $ 41,509 $ 35,977 $ 5,532 15.4 % Distribution Sales 23,657 21,425 2,232 10.4 % Revenue $ 65,166 $ 57,402 $ 7,764 13.5 % Gross Profit $ 20,936 $ 16,400 $ 4,536 27.7 % Gross Margin 32.1 % 28.6 % Operating Income $ 4,294 $ 3,163 $ 1,131 35.8 % Operating Margin 6.6 % 5.5 % Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/99302/000143774924002508/0001437749-24-002508-index.htm

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