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TRNS · Transcat Inc

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$104.08 -2.25 (-2.12%) At close · Nov 13
Market Cap
$978.86M
Shares
9.40M
Volume · Nov 13 91.22K Avg daily vol (3M) 139.14K

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$104.08 Open$106.56 Day$103.54–107.31 52W close$52.06–109.56 Avg vol 30d169K Short int379K · 4.0% of shares · 2.4d Short vol57% Last earningsNov 3, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 3

Up next

Feb 2, 2027 Est · unconfirmed · in 11 wks

Latest documents

2026
Nov 3
Earnings call
TransCat raises service organic growth outlook to low double digits

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.

4 source passages
We are raising our fiscal 2027 full-year service organic revenue growth outlook to low double digits, up from high single digits, and we continue to expect service gross margin expansion for the full year. Second quarter consolidated revenue of $97.1 million increased 18% versus the prior year, driven by compelling growth in both segments. Service gross profit increased 31% in the second quarter, and service gross margins expanded 220 basis points versus the prior year to 34.4%, driven by the inherent operating leverage in our service model, along with our focus on operational excellence and maturing of new customer relationships. Second quarter consolidated adjusted EBITDA of $14.9 million increased 23% from the same quarter in the prior year. Open the document at this passage
Nov 3
Quarterly report 10-Q FY2027 Q2, ended Sep 26
Service organic revenue outlook raised to low double digits

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.

Revenue $97.09M ▲ 18.0% Net income $2.41M ▲ 90.1% Diluted EPS $0.25 ▲ 78.6%
Read from the MD&A section
2 source passages
For the full fiscal year 2027, assuming the broader economic environment remains stable, we now expect Service organic revenue growth in the low double digits, up from our prior outlook of high single digits, along with Service gross margin expansion. We expect year-over-year Service gross margin expansion of at least 100 bps in the second half, driven by our teams’ continuous improvement focus across three key areas: business mix, Lean operating principles, and technology/AI initiatives. Open the document at this passage
Nov 3
Current report 8-K
Q2 revenue rises 18%, service organic growth reaches 16%

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.

Financial results
5 source passages
Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leader in test, measurement, control and calibration, has reported its financial and operational results for its fiscal second quarter ended September 26, 2026 (the “second quarter”) of fiscal year 2027. Q2’27 Total Revenue Increased 18% to $97.1 Million Q2’27 Service Revenue Increased 23% to $64.8 Million Service Organic Revenue\* grew 16% in Q2 driven by high customer retention and continued strong demand in life sciences, aerospace/defense, and other regulated end markets we serve For the full fiscal year 2027, assuming the broader economic environment remains stable, we now expect Service organic revenue growth in the low double digits, up from our prior outlook of high single digits, along with Service gross margin expansion. Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$363.22M
Trailing 12 months
Net income (TTM)
$4.59M
Trailing 12 months
Revenue growth YoY
+18.0%
Year over year
Operating margin
4.0%
Trailing 12 months
P / E (TTM)
221.4
Trailing earnings · reciprocal yield 0.5%
FCF yield
2.3%
TTM · current market cap
Return on invested capital
2.3%
Trailing 12 months
Net cash
−$94.94M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+1.6%
Year over year · more shares
Price change (1Y)
+93.0%
Trailing year
Short interest
4.0%
Latest settlement · 2.4 days to cover
View all 125 metrics

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Strong Buy Momentum Very Strong Sentiment Bullish Fundamentals Fair Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Strong Buy
50 / 200-day cross No cross
Price vs 200-day avg +24%
above
Price vs 50-day avg +17%
above
RSI (14) 61
neutral
MACD trend Positive
52-week position 90%
near high
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Strong
1-month return +30%
trailing
6-month return +36%
trailing
YTD return +83%
this year
Relative strength +36%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $89 › 200d $84 — 50d above 200d
Institutional flow Accumulating
136 of 172 funds reported for Sep 30 · net +1.5K sh shares · +17 new
Insider flow Distributing
Net -$395.5K over 90 days · 50% sells
Short interest Falling
4.03% of shares out · ▼ -14.3% MoM · 2.4 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
172 holders — near 3-yr high, broad support
Squeeze score 51
elevated · 0–100
Fundamentals
Fair
Revenue growth +19%
Y/Y
Gross margin 33%
expanding
EPS growth −64%
Y/Y
Free cash flow $19.6M
Valuation P/E 221.5
rich
Balance sheet $94.9M
net debt
Quant / Vol
risk profile
Very High
Volatility 50%
annualized · 1-yr
Max drawdown −19%
past year
ATR 4.7%
of price · 14-day

Blended 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 Buy
0 · 3 · 4
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+24% Bullish
Price vs 50-day avg
+17% Bullish
RSI (14)
61 Neutral
MACD trend
Positive Bullish
52-week position
90% Bullish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross) No cross
50d $89 › 200d $84 — 50d above 200d
Institutional flow Accumulating
136 of 172 funds reported for Sep 30 · net +1.5K sh shares · +17 new
Insider flow Distributing
Net -$395.5K over 90 days · 50% sells
Short interest Falling
4.03% of shares out · ▼ -14.3% MoM · 2.4 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
172 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $52 Now $104 · 90% Range high $110
vs 200-day avg +24% vs 50-day avg +17%

Illustrative 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 reconciliation
GAAP 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
Adjusted EBITDA Margin non-GAAP 15% FY27 Q1 —
Adjusted Net Income non-GAAP $4.85M FY27 Q1 —
GAAP → non-GAAP reconciliation
GAAP 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
Distribution Adjusted Operating Income non-GAAP $4.35M FY27 Q1 —
GAAP → non-GAAP reconciliation
GAAP 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
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 reconciliation
GAAP Net cash provided by operations 8.82M
-3.98M Capital Expenditures
= Operating Free Cash Flow 4.84M
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 reconciliation
GAAP 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
Service Organic Revenue non-GAAP $54.77M First Quarter Ended June 27, 2026 —
GAAP → non-GAAP reconciliation
GAAP Service Revenue 62.56M
-6.93M Less: Acquired Revenue
-861K Less: Freight Billed to Customer
= Service Organic Revenue 54.77M
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
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
TRNS
Transcat Inc
this stock
$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
Ownership
Institutional Holders Accumulating
Holders
181
% held
102.2%
Reported
136 of 172
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
206
View
Short & Settlement
Short Interest Falling
Shares short
378.8K
Days to cover
2.4d
Change
-63.1K sh
View
Short Volume
Short vol %
57%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
1
Value
$87
As of
Oct 14, 2026
View
Off-Exchange
Off-exchange %
37.7%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$395.5K
Buyers / Sellers
1 / 1
Buyers Sellers
View
Financials
Financials
Revenue (FY)
$331.9M
Net income (FY)
$5.4M
EPS diluted
$0.57
View
Filings
SEC Filings
Latest
10-Q
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.

View
Proposed Sales
Value
$625.9K
Shares
7.3K
Filed
Sep 3, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 3, 2026
View
Investor Relations
Latest news
Transcat Reports Strong Fiscal Se…
Published
Nov 3, 2026
View

Performance

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%
Key facts CIK 99302 CUSIP 893529107 13F (30d) 140 filings 119 filers Visit website Investor relations