Transcat Q1 revenue rises 22% to $92.9 million, but net income falls 59%
Transcat reported fiscal 2027 first-quarter results for the period ended June 27, 2026. Revenue rose 21.6% to $92.9 million, driven by Service and Distribution growth, while net income fell 59.2% to $1.3 million and diluted EPS fell to $0.14 from $0.35, mainly due to higher amortization, stock compensation and executive transition costs. Management expects fiscal 2027 Service organic revenue growth in the high single digits and Service gross margin expansion, assuming a stable economic environment.
Key points
- Revenue was $92.9 million, up 21.6% from $76.4 million; Service revenue rose 27.3% to $62.6 million
- Net income was $1.3 million versus $3.3 million a year earlier; diluted EPS was $0.14 versus $0.35
- Adjusted EBITDA rose 18.6% to $14.0 million; adjusted diluted EPS was $0.51 versus $0.59
- Long-term debt rose to $110.4 million on June 27, 2026, from $99.9 million on March 28, 2026
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.