TransCat reported fiscal second-quarter revenue of $97.1 million, up 18%, and raised its fiscal 2027 service organic revenue growth outlook to low double digits from high single digits. Service gross margin expanded 220 basis points to 34.4%, while adjusted EBITDA rose 23% to $14.9 million.
TRNS · Transcat Inc
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Transcat Inc now expects fiscal year 2027 Service organic revenue growth in the low double digits, up from a prior high single-digit outlook, alongside at least 100 bps of second-half Service gross margin expansion.
Transcat reported fiscal 2027 Q2 revenue of $97.1 million, up 18%, with Service revenue up 23% and Service organic revenue up 16%. Management raised its full-year Service organic revenue growth outlook to low double digits.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Strong BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Acquired revenue | $6.9M | the three months ended June 27, 2026 filing | — |
| Adjusted Diluted Earnings Per Share non-GAAP | $0.51 | first quarter of fiscal 2027 | — |
| Adjusted EBITDA non-GAAP | 14M | first quarter of fiscal 2027 | — |
GAAP → non-GAAP reconciliationGAAP Net Income 1.33M
+1.52M Interest Expense, Net
+854K Tax Provision
+6.91M Depreciation & Amortization
+736K Executive Transition Costs
+628K Transaction Expenses
+1.98M Non-cash Stock Compensation
= Adjusted EBITDA 13.96M
|
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| Adjusted EBITDA Margin non-GAAP | 15% | FY27 Q1 | — |
| Adjusted Net Income non-GAAP | $4.85M | FY27 Q1 | — |
GAAP → non-GAAP reconciliationGAAP Net Income 1.33M
+3.6M Amortization Expense
+736K Executive Transition Costs (1)
+628K Transaction Expenses (2)
+186K Acquisition Stock Expense (3)
-1.63M Income Tax Effect @ 31.6%
= Adjusted Net Income 4.85M
|
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| Distribution Adjusted Operating Income non-GAAP | $4.35M | FY27 Q1 | — |
GAAP → non-GAAP reconciliationGAAP Distribution Operating Income 1.44M
+1.91M Depreciation & Amortization
+245K Executive Transition Costs (1)
+104K Transaction Expenses (2)
+650K Non-cash Stock Compensation
= Distribution Adjusted Operating Income 4.35M
|
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| Distribution Adjusted Operating Margin non-GAAP | 14.3% | FY27 Q1 | — |
| Distribution Gross Margin | 31.4% | first quarter of fiscal year 2027 filing | — |
| Distribution Revenue (% of total revenue) | 32.7% | first quarter of fiscal year 2027 filing | — |
| Distribution Revenue Growth | 11.4% | first quarter of fiscal year 2027 filing | — |
| Freight Billed to Customers (% of Service Revenue) | 1.4% | first quarter of fiscal year 2027 filing | — |
| In-House (percent of Service Revenue) | 83.6% | the three months ended June 27, 2026 filing | — |
| Incremental revenue from acquisitions (Service segment) | 6.9M | first quarter of fiscal 2027 | — |
| Net Debt non-GAAP | 103.68M | June 27, 2026 | — |
| Operating free cash flow non-GAAP | 4.8M | three months ended June 27, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net cash provided by operations 8.82M
-3.98M Capital Expenditures
= Operating Free Cash Flow 4.84M
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| Outsourced (percent of Service Revenue) | 15% | the three months ended June 27, 2026 filing | — |
| percentage of total revenues denominated in U.S. dollars | 94% | the first three months of fiscal year 2027 filing | — |
| Service Adjusted Operating Income non-GAAP | $9.63M | FY27 Q1 | — |
GAAP → non-GAAP reconciliationGAAP Service Operating Income 2.28M
+5.01M Depreciation & Amortization
+491K Executive Transition Costs (1)
+524K Transaction Expenses (2)
+1.33M Non-cash Stock Compensation
= Service Adjusted Operating Income 9.63M
|
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| Service Organic Revenue non-GAAP | $54.77M | First Quarter Ended June 27, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Service Revenue 62.56M
-6.93M Less: Acquired Revenue
-861K Less: Freight Billed to Customer
= Service Organic Revenue 54.77M
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| Shipments that were Backorders (% of Pending Product Shipments) | 84.1% | first quarter of fiscal year 2027 filing | — |
| Total Pending Product Shipments | $6.68M | first quarter of fiscal year 2027 filing | — |
| weighted average interest rate | 5.2% | first quarter of fiscal year 2027 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Business Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TRNS
this stock
Transcat Inc
|
$978.86M | +83.5% | +19.2% | 221.5 | 4.0% |
|
CTAS
Cintas Corp
|
$89.83B | +20.3% | +6.4% | 44.6 | 2.6% |
|
RELX
Relx PLC
|
$70.27B | +0.2% | — | — | 0.2% |
|
TRI
Thomson Reuters Corp
|
$47.38B | -17.1% | — | — | 2.6% |
|
CPRT
Copart Inc
|
$29.49B | -18.7% | +24.7% | 20.5 | 4.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 3, 2026
- This year
- 16
Transcat Inc now expects fiscal year 2027 Service organic revenue growth in the low double digits, up from a prior high single-digit outlook, alongside at least 100 bps of second-half Service gross margin expansion.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TRNS | +2.5% | +29.5% | +36.1% | +20.6% | +83.5% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -0.1% | +30.7% | +35.6% | +20.8% | +72.9% |