Earnings ·
Transcat reported fiscal first quarter 2027 results for the period ended June 27, 2026
TRNSTranscat Inc
Transcat reported fiscal first quarter 2027 results for the period ended June 27, 2026. Consolidated revenue increased 22% to $92.9 million, driven by a 27% rise in service revenue to $62.6 million and an 11% increase in distribution revenue to $30.4 million. Service gross margin expanded 90 basis points to 33.9%, while overall consolidated gross margin decreased 70 basis points to 33.1%. Net income fell 59% to $1.3 million, or $0.14 per diluted share, compared to $3.3 million in the prior year period, primarily due to increased amortization and stock-based compensation expenses. Adjusted EBITDA grew 19% to $14.0 million, and operating free cash flow improved to $4.8 million from a negative $1.0 million previously. The company provided full-year fiscal 2027 guidance expecting high single-digit service organic revenue growth and margin expansion. Transcat operates in the test measurement, control, and calibration industry.