Transcat, Inc. provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates in two segments, Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services. This segment also provides CalTrak, a proprietary document and asset management software that is used to integrate and manage the workflow of its calibration service centers and customers' assets; and Compliance, Control and Cost, an online customer portal that provides its customers with web-based asset management capability, as well as a safe and secure off-site archive of calibration and other service records. The Distribution segment sells and rents test, measurement, and control instruments for customers' test and measurement instrumentation needs, as well as value added services, such as calibration/certification of equipment purchase, equipment rental, used equipment for sale, and equipment kitting. This segment markets and sells its products through website, digital and print advertising, proactive outbound sales, and an inbound call center. The company provides services and products to highly regulated industries, principally life science, which includes companies in the pharmaceutical, biotechnology, medical device, and other FDA-regulated industries; and additional industries, including aerospace and defense industrial manufacturing, oil and gas and alternative energy, and other industries that require accuracy in processes and confirmation of the capabilities of their equipment. Transcat, Inc. was incorporated in 1964 and is headquartered in Rochester, New York.
IPO Year:
Exchange: NASDAQ
Website: transcat.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/22/2024 | Outperform → Market Perform | Northland Capital | |
| 10/17/2023 | $110.00 | Outperform | Oppenheimer |
| 9/15/2022 | $100.00 | Outperform | Northland Capital |
| 12/20/2021 | $95.00 → $105.00 | Buy | HC Wainwright & Co. |
| 11/4/2021 | $73.00 → $95.00 | Buy | HC Wainwright & Co. |
| 7/29/2021 | $66.00 → $73.00 | Buy | HC Wainwright & Co. |
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Consolidated Revenue grew 8% compared to prior year Distribution Gross Profit grew 10% on double-digit Revenue growth Services Gross Profit grew 4% driven by 4% Organic Revenue growth Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, today reported financial results for its second quarter ended September 28, 2024 (the "second quarter") of fiscal year 2025, which ends March 29, 2025 ("fiscal 2025"). Results include the previously reported acquisitions of TIC-MS, In
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it will release its second quarter fiscal year 2025 results after the close of financial markets on Monday, October 28, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter Fiscal Year 2025 Conference Call Tuesday, October 29, 2024 11:
Consolidated Gross Profit grew 21.1% on double-digit Revenue growth Distribution gross margins expanded 620 basis points on strength of rentals Service gross margins expanded 150 basis points on organic growth of 6.4% and improved productivity Consolidated adjusted EBITDA grew 20.4% with margins expanding 130 basis points Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, today reported financial results for its first quarter ended June 29, 2024 (the "first q
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it will release its first quarter fiscal year 2025 results after the close of financial markets on Monday, July 29, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. First Quarter Fiscal Year 2025 Conference Call Tuesday, July 30, 2024 11:00 a.
Fourth Quarter Service gross margin expanded 170 basis points driven by 13% Service organic growth Fourth Quarter Distribution gross margin expands 510 basis points to 30.3% on strength of Rentals Fourth Quarter Consolidated adjusted EBITDA grew 29.8% with margins expanding 200 basis points Generated $32.6M of Operating Cash Flow in fiscal 2024, 92% growth versus prior year Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, today reported financial results fo
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it will release its fourth quarter fiscal year 2024 results after the close of financial markets on Monday, May 20, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Fourth Quarter Fiscal Year 2024 Conference Call Tuesday, May 21, 2024 11:00 a.
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it has acquired privately-held Becnel Rental Tools LLC (Becnel), effective April 15, 2024. The $50 million purchase price was paid in combination of $32.5 million in Company stock and $17.5 million in cash and is subject to certain customary holdback provisions. Founded in 2012, Becnel is an ISO 9001:2015 certified provider of rental tools and services primarily utilized in the decommissioning and mainten
Mark Doheny to step down as Chief Operating Officer Current Senior Vice President of Operations Mike West will oversee the Company's Operations as new Chief Operating Officer Effective Immediately Transcat Inc. (NASDAQ:TRNS) (the "Company" or "Transcat"), a leading provider of accredited calibration services, cost control and optimization services, and value-added rental/distribution of professional grade handheld test, measurement, and control instrumentation, today announced that Mark Doheny will step down as Chief Operating Officer of Transcat effective immediately. Mr. Doheny will be retained as a consultant to assist with a transition through October 2024. We are excited to annou
Service gross margin expanded 250 basis points driven by 9.1% Service organic growth Distribution gross margin expands 530 basis points to 31.5% on strength of Rentals Consolidated adjusted EBITDA grew 38.5% with margins expanding 250 basis points Operating Cash Flow of $26.9M year-to-date Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement, and control instrumentation, today reported financial results for its third quarter ended December 23, 2023 (the "third quarter") of fiscal year 2024, which
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its third quarter fiscal year 2024 results after the close of financial markets on Monday, January 29, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Third Quarter Fiscal Year 2024 Conference Call Tuesday, January 30, 2024 11:00 a.m. Easter
Mark Doheny to step down as Chief Operating Officer Current Senior Vice President of Operations Mike West will oversee the Company's Operations as new Chief Operating Officer Effective Immediately Transcat Inc. (NASDAQ:TRNS) (the "Company" or "Transcat"), a leading provider of accredited calibration services, cost control and optimization services, and value-added rental/distribution of professional grade handheld test, measurement, and control instrumentation, today announced that Mark Doheny will step down as Chief Operating Officer of Transcat effective immediately. Mr. Doheny will be retained as a consultant to assist with a transition through October 2024. We are excited to annou
Consolidated Revenue grew 8% compared to prior year Distribution Gross Profit grew 10% on double-digit Revenue growth Services Gross Profit grew 4% driven by 4% Organic Revenue growth Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, today reported financial results for its second quarter ended September 28, 2024 (the "second quarter") of fiscal year 2025, which ends March 29, 2025 ("fiscal 2025"). Results include the previously reported acquisitions of TIC-MS, In
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it will release its second quarter fiscal year 2025 results after the close of financial markets on Monday, October 28, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter Fiscal Year 2025 Conference Call Tuesday, October 29, 2024 11:
Consolidated Gross Profit grew 21.1% on double-digit Revenue growth Distribution gross margins expanded 620 basis points on strength of rentals Service gross margins expanded 150 basis points on organic growth of 6.4% and improved productivity Consolidated adjusted EBITDA grew 20.4% with margins expanding 130 basis points Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, today reported financial results for its first quarter ended June 29, 2024 (the "first q
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it will release its first quarter fiscal year 2025 results after the close of financial markets on Monday, July 29, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. First Quarter Fiscal Year 2025 Conference Call Tuesday, July 30, 2024 11:00 a.
Fourth Quarter Service gross margin expanded 170 basis points driven by 13% Service organic growth Fourth Quarter Distribution gross margin expands 510 basis points to 30.3% on strength of Rentals Fourth Quarter Consolidated adjusted EBITDA grew 29.8% with margins expanding 200 basis points Generated $32.6M of Operating Cash Flow in fiscal 2024, 92% growth versus prior year Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, today reported financial results fo
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it will release its fourth quarter fiscal year 2024 results after the close of financial markets on Monday, May 20, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Fourth Quarter Fiscal Year 2024 Conference Call Tuesday, May 21, 2024 11:00 a.
Service gross margin expanded 250 basis points driven by 9.1% Service organic growth Distribution gross margin expands 530 basis points to 31.5% on strength of Rentals Consolidated adjusted EBITDA grew 38.5% with margins expanding 250 basis points Operating Cash Flow of $26.9M year-to-date Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement, and control instrumentation, today reported financial results for its third quarter ended December 23, 2023 (the "third quarter") of fiscal year 2024, which
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its third quarter fiscal year 2024 results after the close of financial markets on Monday, January 29, 2024. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Third Quarter Fiscal Year 2024 Conference Call Tuesday, January 30, 2024 11:00 a.m. Easter
Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its second quarter fiscal year 2024 results after the close of financial markets on Monday, October 30, 2023. The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow. Second Quarter Fiscal Year 2024 Conference Call Tuesday, October 31, 2023 11:00 a.m.
First quarter consolidated revenue up 10.9% with 160 basis points gross margin expansion First quarter service revenue up 17.6%, service organic revenue growth of 11.2% First quarter service gross profit increased 19.7%; service gross margin expanded 50 basis points First quarter consolidated adjusted EBITDA grew 16.1% with adjusted EBITDA margin expanding 60 basis points Transcat, Inc. (NASDAQ:TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement, and control instrumentation, today reported financial results for its fir
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Northland Capital downgraded Transcat from Outperform to Market Perform
Oppenheimer initiated coverage of Transcat with a rating of Outperform and set a new price target of $110.00
Northland Capital initiated coverage of Transcat with a rating of Outperform and set a new price target of $100.00
HC Wainwright & Co. reiterated coverage of Transcat with a rating of Buy and set a new price target of $105.00 from $95.00 previously
HC Wainwright & Co. reiterated coverage of Transcat with a rating of Buy and set a new price target of $95.00 from $73.00 previously
HC Wainwright & Co. reiterated coverage of Transcat with a rating of Buy and set a new price target of $73.00 from $66.00 previously
Roth Capital reiterated coverage of Transcat with a rating of Buy and set a new price target of $60.00 from $45.00 previously
HC Wainwright & Co. reiterated coverage of Transcat with a rating of Buy and set a new price target of $66.00 from $48.00 previously
Sidoti upgraded Transcat from Neutral to Buy and set a new price target of $60.00
Sidoti downgraded Transcat from Buy to Neutral and set a new price target of $54.00
Transcat, Inc. (NASDAQ:TRNS) reported better-than-expected fourth-quarter financial results, after the closing bell on Monday. Transcat posted adjusted earnings of 66 cents per share, beating market estimates of 53 cents per share. The company's quarterly sales came in at $70.913 million versus expectations of $68.595 million, according to data from Benzinga Pro. “We are extremely pleased with our fourth quarter and full year fiscal 2024 results as double-digit organic Service revenue growth and increased productivity drove Service gross margin expansion while Distribution gross margins soared due to growth in Rentals,” commented Lee D. Rudow, President and CEO. “Adjusted EBITDA growth
4 analysts have expressed a variety of opinions on Transcat (NASDAQ:TRNS) over the past quarter, offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 0 0 0 Last 30D 1 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $141.25, along with a high estimate of $160.00 and a low estimate of $124.00. Observing a 14.84% increase
Oppenheimer analyst Martin Yang maintains Transcat (NASDAQ:TRNS) with a Outperform and raises the price target from $125 to $160.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Stifel boosted the price target for Curtiss-Wright Corporation (NYSE:CW) from $293 to $310. Stifel analyst Nathan Jones maintained a Buy rating. Curtiss-Wright shares gained 2.1% to close at $285.21 on Tuesday. See how other analysts view this stock. Baird cut the price target for Nordson Corporation (NASDAQ:NDSN) from $303 to $272. Baird analyst Michael Halloran maintained an Outperform rating. Nordson shares dipped 9.4% to close at $243.14 on Tuesday. See how other analysts view this stock. HC
HC Wainwright & Co. analyst Scott Buck maintains Transcat (NASDAQ:TRNS) with a Buy and raises the price target from $124 to $156.
Shares of James Hardie Industries plc (NYSE:JHX) fell sharply during Tuesday's session after the company reported worse-than-expected quarterly financial results. James Hardie Industries posted adjusted earnings of 40 cents per share, missing market expectations of 42 cents per share. The company's quarterly sales came in at $1.005 billion versus estimates of $1.009 billion, according to data from Benzinga Pro. JP Morgan analyst Al Harvey downgraded James Hardie Industries from Overweight to Neutral. James Hardie Industries shares dipped 14.3% to $31.36 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers MGO Global, Inc. (NASDAQ:MGOL) shares j
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Transcat (NASDAQ:TRNS) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.53 by 24.53 percent. The company reported quarterly sales of $70.913 million which beat the analyst consensus estimate of $68.595 million by 3.38 percent. This is a 14.25 percent increase over sales of $62.067 million the same period last year.