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%).
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 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%)
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 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 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 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%.
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 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, consulting through Oct 2024
Mike West promoted to COO effective Apr 8, 2024; he was SVP of Operations since Apr 2023.
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 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 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.
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 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 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 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