TRANSCAT INC

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.

Transcat announced its 2026 Annual Meeting of Shareholders will be held virtually on September 9, 2026. Shareholders will vote on the election of six director nominees, an advisory resolution on executive compensation, and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm. The company also highlighted its ongoing board declassification and recent acquisitions of Essco Calibration Laboratory and SCM Metrology and Laboratories S.A.

Transcat Inc. detailed its strategic growth through recent acquisitions, including Essco Calibration Laboratory in fiscal 2026, Martin Calibration and Becnel Rental Tools in fiscal 2025, and SCM Metrology in April 2026. The company, a leading provider of calibration and distribution services, operates 33 calibration service centers and performs over 1.2 million calibrations annually. Transcat aims for double-digit revenue growth in its Service segment via organic expansion and further acquisitions, leveraging its integrated sales model and proprietary asset management software.

Transcat reported strong fiscal fourth quarter and full-year 2026 financial results. Q4 revenue increased 15.8% to $89.3 million, driven by 18% growth in service revenue (7% organic) and 11% growth in distribution revenue. Full-year revenue rose 19.2% to $331.9 million. While GAAP net income and diluted EPS decreased due to higher operating expenses from acquisitions and executive transition costs, adjusted EBITDA saw significant increases of 16% for Q4 and 22.7% for the full year. The company also announced the acquisition of SCM Metrology and Laboratories, expanding its presence into Latin America, and expects high single-digit service organic revenue growth for fiscal 2027.

Transcat, Inc. announced that its Compensation Committee approved an increase in compensation for Michael W. West, the Company's Chief Operating Officer. Effective March 29, 2026, for fiscal year 2027, Mr. West's base salary will be $425,000 per annum. He will also be eligible for a target performance-based cash incentive award equal to 40% of his base salary and a target long-term equity incentive award equal to 65% of his base salary.