Transcat Q1 Revenue +21.6% to $92.9M; Net Income $1.3M, EPS $0.14

Transcat reported a 21.6% increase in total revenue, reaching $92.9 million for the first quarter of fiscal year 2027. However, net income significantly decreased by 59.1% to $1.3 million, resulting in basic earnings per share of $0.14, down from $0.35 in the prior year. This decline was primarily driven by a 31.9% rise in operating expenses, including acquisition-related costs, stock-based compensation, executive transition costs, and increased interest expense. The company also completed the acquisition of SCM Metrology for $12.8 million during the quarter.