Highest-materiality recent filing
Transcat Q1 FY2027 revenue $92.9M (+22% YoY); service gross margin expands 90bps to 33.9%
Service revenue $62.6M (+27% YoY) with double-digit organic growth; distribution revenue $30.4M (+11%) on rental strength.
Transcat Q4 service rev +18%, guides high single-digit organic growth in FY27
Q4 service revenue $61.6M (+18%); distribution revenue $27.8M (+11%).
Transcat COO West gets fiscal 2027 base salary of $425K, incentive at 40% and 65% of base
Compensation Committee approved new compensation for COO Michael West effective March 29, 2026.
Jaime Irick becomes President and CEO effective March 29, 2026; also joins Board and Executive Committee.
Transcat reports Q3 FY2026 revenue of $83.9M (+26% YoY); service organic growth returns to 7%
Q3 revenue $83.9M, up 26%; service revenue $53.7M (+29%), distribution $30.2M (+20%).
Transcat grants retention RSUs to four execs as CEO Rudow plans retirement
CEO Rudow to retire in March 2026, then advisory role through March 2027.
Transcat Q2 FY26 revenue $82.3M (+21%), adjusted EBITDA +37% but net income down 61%
Revenue $82.3M (+21% YoY); Service $52.8M (+20%), Distribution $29.4M (+24%)
Transcat appoints Kristina Johnston as principal accounting officer, effective Sept 10, 2025
Johnston, 48, previously CFO of Vintage Wine Estates (2022-2025) and VP at Constellation Brands.
CEO Lee D. Rudow to retire by March 2026; will serve as senior advisor through March 2027
CEO Lee D. Rudow will retire as CEO and director in March 2026; board has formed search committee for successor.
Transcat Q1 revenue +15%, adj. EBITDA +15% to $11.8M; acquires Essco Calibration ($22M rev)
Service revenue $49.1M (+12% YoY); distribution revenue $27.3M (+19% YoY) with record 35.2% gross margin.
Transcat acquires Essco Calibration Laboratory for $84M, largest deal in its history
Acquired all membership units of Essco for $84M cash, closed August 5, 2025.
Transcat enters new $150M secured credit facility, nearly doubling prior $80M facility
New 5-year $150M revolving credit facility replaces existing $80M M&T facility; matures July 29, 2030.
Transcat director Charles P. Hadeed to retire effective August 1, 2025
Hadeed notified the company on July 16, 2025 of his retirement from the board.
Transcat updates auditor change: Freed Maxick dismissal effective May 27, 2025
Freed Maxick completed audit for FY2025 on May 27, 2025; dismissal effective that date.
Transcat Q4 revenue up 9% to $77M; net income down 35% on operating margin compression
Q4 revenue $77.1M (+9% YoY); service revenue $52.0M (+11.3%) led calibration strength.
Transcat Corporate Controller and PAO Scott D. Deverell announces retirement
Scott D. Deverell notified Transcat on April 1, 2025 of his intent to retire as Corporate Controller and Principal Accounting Officer.
Transcat dismisses Freed Maxick as auditor and engages Deloitte & Touche for FY2026
Audit Committee approved change on Feb 6, 2025; Freed Maxick dismissed after FY2025 audit completion.
Transcat Q3 EPS $0.25 down 34%; gross margin down 260bps; acquires Martin Calibration
Revenue $66.8M (+2.4%); Service flat at $41.6M; Distribution +6.5% to $25.2M.
Transcat grants enhanced change-in-control severance to CEO, CFO, SVP HR
CEO Rudow gets 24 months salary/bonus/benefits; CFO Barbato 12 months; SVP Conroy 6 months on qualifying termination after change in control.
Transcat acquires Martin Calibration for $79M in cash and stock, expanding Midwest presence
Purchase price $79M: $69M cash + $10M in 96,006 shares of TRNS common stock.
Transcat Q2 revenue up 8% to $67.8M; Adj. EBITDA down 5%, Nexa slowdown drags organic growth
Revenue $67.8M (+8%); Gross Profit $21.2M (+5.4%); Gross Margin 31.3% vs 32.0%.
Transcat shareholders approve board declassification, elect directors at 2024 annual meeting
Shareholders approved declassification; all director nominees will stand for annual one-year terms starting 2025.
Revenue $66.7M (+10.1% YoY); Service $43.8M (+9.8%), Distribution $22.9M (+10.5%).
James M. Jenkins notified board of intention to resign as Chief Legal and Corporate Development Officer effective June 1, 2024.
Transcat Q4 revenue up 14% to $70.9M, EPS $0.77; Service organic growth 13%
Q4 revenue $70.9M (+14% YoY); Service revenue $46.7M (+18%), Distribution $24.2M (+8%).
Transcat Chief Legal and Corporate Development Officer resigns effective June 1
James M. Jenkins resigned as Chief Legal and Corporate Development Officer, effective June 1, 2024.
Transcat amends NEXA purchase agreement; removes future earn-out payments, pays $527K for year 2
Second Amendment to 2021 Share Purchase Agreement dated May 20, 2024 eliminates all future earn-out obligations for NEXA acquisition.
Transcat acquires Becnel Rental Tools for $50M in cash and stock
Purchase price $50M: $17.5M cash + $32.5M stock (301,707 shares).
Transcat appoints Mike West as COO; Mark Doheny steps down effective immediately
Mark Doheny steps down as COO effective immediately; will remain as consultant through October 2024.
Transcat appoints Mike West as COO; Mark Doheny steps down, consulting through Oct 2024
Mike West promoted to COO effective Apr 8, 2024; he was SVP of Operations since Apr 2023.
Director Paul Moore resigns; Robert Mecca appointed to Transcat board
Paul D. Moore retired from the Board and audit committee effective Jan. 24, 2024; no disagreement cited.
Transcat Q3 FY2024 revenue up 13.5% to $65.2M; adj. EBITDA +38.5% to $9.1M
Service revenue grew 15.4% to $41.5M; service gross margin expanded 250 bps on organic growth and productivity.
Transcat participates in ROTH MKM conference; no material financial updates in presentation
Participated in ROTH MKM New York Technology Conference on November 15, 2023.
Transcat Q2 FY2024: service revenue up 17.5%, adjusted EPS $0.60 vs $0.44
Consolidated revenue $62.8M, up 11.3% YoY; gross margin expanded 230 bps to 32.0%.
Transcat appoints Dawn DePerrior to Board of Directors
Board size increased to ten; Dawn DePerrior appointed effective October 26, 2023.
Transcat underwriters exercise option to purchase 110,526 additional shares at $95
Underwriters exercised in full the option to buy 110,526 shares of common stock at $95 per share.
Transcat prices $70M public offering of 736,845 shares at $95.00 per share
Offering of 736,845 shares (plus 30-day underwriter option for 110,526 more) priced at $95/share.
Transcat amends NEXA earn-out, expects $3.7-4.5M charge in Sep quarter
Amended earn-out: up to $7.125M (from $7.5M) for 2023-2025 based solely on EBITDA targets.
All three director nominees elected: Gillette 6,593,703 for; Haseley 6,553,366 for; Kaniki 5,218,436 for.
Transcat acquires Axiom Test Equipment for $38M; combines rental businesses
Acquired Axiom Test Equipment for $38M ($28M in stock, $10M cash) on Aug 8, 2023.
Transcat Q1 revenue up 10.9% to $60.6M; service organic growth 11.2%, margins expand
Service revenue +17.6% to $39.9M, organic growth 11.2%; service gross margin +50 bps.
Transcat acquires SteriQual for $4.25M in stock to bolster professional services
Purchase price of $4.25 million paid in Transcat stock, subject to holdback provisions.
Transcat raises CEO and CFO salaries by ~16-19%, increases bonus targets
CEO base salary raised from $530K to $617,210 per annum (~16.4% increase).
Transcat reports record Q4 revenue of $62.1M, up 11%; Service revenue up 14.7%
Q4 Service revenue $39.8M (+14.7% YoY); organic growth 10.0%.
Transcat acquires TIC-MS for $9.7M; 70% stock, 30% cash
Purchase price $9.7 million paid 70% in Transcat common stock (77,387 shares) and 30% cash.
Transcat Q3 service revenue up 19%, adjusted EBITDA +20.5% to $6.6M
Service revenue $35.98M (+19% YoY), organic growth 12%; distribution revenue $21.43M (+3.7%).
Transcat presents at Southwest Ideas Investor Conference; no material new information disclosed
Company participated in Southwest Ideas Investor Conference on November 16, 2022.
Transcat Q2 FY2023 revenue up 12% to $56.4M; service segment grows 19.4%
Consolidated revenue $56.4M (+12.0% YoY); service revenue $35.3M (+19.4%, organic +9.3%).
Transcat annual meeting elects three directors, approves say-on-pay, ratifies auditor
Charles P. Hadeed, Cynthia Langston, and Paul D. Moore elected to three-year terms expiring 2025.
Transcat Q1 revenue $54.7M (+14.4%), service rev +23%; appoints new COO and CFO
Consolidated revenue $54.7M (+14.4% YoY); service revenue up 22.9% (organic +8.6%).
On April 1, 2025, Scott D. Deverell notified Transcat, Inc. (the “Company”) of his intention to retire from his position as Corporate Controller and Principal Accounting Officer of the Company.
James M. Jenkins notified the board of directors of Transcat, Inc. (the “Company”) of his intention to resign as Chief Legal and Corporate Development Officer of the Company effective as of June 1, 2024.
James M. Jenkins notified the board of directors of Transcat, Inc. (the “Company”) of his intention to resign as Chief Legal and Corporate Development Officer of the Company effective as of June 1, 2024.
Effective as of April 8, 2024 (the “Effective Date”), Michael West was appointed as the Chief Operating Officer of Transcat, Inc. (the “Company”).
Also as of the Effective Date, Mark Doheny was terminated as Chief Operating Officer of the Company.
appointed Dawn DePerrior to the Board, effective immediately.
Additionally, as of the Effective Date, Thomas L. Barbato has been appointed as the Company’s Chief Financial Officer and Treasurer.
Effective August 1, 2022 (the “Effective Date”), Mark A. Doheny has been appointed as the Company’s Chief Operating Officer, having formerly served as the Company’s Chief Financial Officer and Treasurer until such date.
On July 25, 2022, Carl E. Sassano notified Transcat, Inc. (the “Company”) and its Board of Directors (the “Board”) of his decision to retire and resign from the Board, effective close of business on July 26, 2022.
Max materiality 0.85 · Median 0.65 · Most common event earnings