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.