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TRANSCAT (TRNS)

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Earnings summaries and quarterly performance for TRANSCAT.

Recent press releases and 8-K filings for TRNS.

Transcat Announces Executive Equity Retention Awards Amid CEO Succession
TRNS
CEO Change
Executive Compensation
Management Change
  • Transcat, Inc. announced executive equity retention awards on January 8, 2026, to ensure leadership stability during the CEO succession in FY2026.
  • The awards, granted on January 6, 2026, consist of Restricted Stock Units (RSUs) for four executive officers: Thomas L. Barbato (19,772), Theresa A. Conroy (10,380), Michael J. Haddad (5,190), and Michael W. West (12,028).
  • These RSUs are scheduled to vest on January 6, 2028, contingent on the executives' continued employment.
  • Current CEO Lee D. Rudow will retire in March 2026 and transition to an advisory role through March 2027, with an update on the new CEO expected in early February 2026 during the Q3 FY2026 conference call.
Jan 8, 2026, 1:06 PM
Transcat Reports Strong Q2 Fiscal Year 2026 Financial Results
TRNS
Earnings
M&A
CEO Change
  • For Q2 Fiscal Year 2026, Transcat's consolidated revenue increased 21% to $82.3 million, driven by 20% growth in service revenue and 24% growth in distribution revenue.
  • Consolidated gross profit grew 26% to $26.8 million, with gross margins expanding 120 basis points, while adjusted EBITDA increased 37% to $12.1 million, with 160 basis points of margin expansion.
  • Net income for the quarter was $1.3 million, or $0.14 diluted earnings per share, impacted by higher interest expense, an increased tax rate, and one-time CEO succession plan expenses; adjusted diluted earnings per share was $0.44.
  • The company anticipates a return to high single-digit organic service growth and margin expansion in the second half of fiscal 2026.
Nov 3, 2025, 9:30 PM
Transcat Reports Strong Fiscal Second Quarter 2026 Financial Results
TRNS
Earnings
Revenue Acceleration/Inflection
M&A
  • Transcat, Inc. reported strong fiscal second quarter 2026 financial results for the quarter ended September 27, 2025, with total revenue increasing 21.3% to $82.3 million and Adjusted EBITDA growing 37% to $12.1 million.
  • This growth was driven by Service revenue increasing 19.9% to $52.8 million and Distribution revenue growing 24% to $29.4 million.
  • Diluted Earnings Per Share (EPS) was $0.14, and Adjusted Diluted EPS was $0.44.
  • Total debt increased to $111.9 million as of September 27, 2025, primarily due to the Essco Calibration acquisition, and the company announced a new 5-Year $150 million syndicated secured credit facility on July 29, 2025.
Nov 3, 2025, 9:06 PM
Transcat Announces CEO Succession Plan
TRNS
CEO Change
Guidance Update
  • Transcat, Inc. announced that CEO Lee D. Rudow plans to retire.
  • Rudow will continue in his current role until March 2026 and then transition to an advisory role until 2027 to ensure a smooth leadership transition.
  • The Board has formed a Search Committee and is actively searching for a new CEO.
  • The company reiterates a positive outlook for FY2026 and expects to return to high single-digit Service organic revenue growth in the second half of fiscal 2026.
Aug 25, 2025, 8:05 PM