Transcat, Inc. is a leading provider of accredited calibration, repair, inspection and laboratory instrument services. The Company is focused on providing best-in-class services and products to highly regulated industries, particularly the Life Science industry, which includes pharmaceutical, biotechnology, medical device and other FDA-regulated businesses; as well as aerospace and defense, and energy and utilities. Transcat provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its 22 Calibration Service Centers strategically located across the United States, Puerto Rico and Canada, and services at 20 imbedded customer-site locations. The breadth and depth of measurementparameters addressed by Transcat'sISO/IEC 17025 scopes of accreditation are believed to be the best in the industry.
Transcat also operates as a leading value-added distributor that markets, sells and rents new and used national and proprietary brand instruments to customers primarily in North America. The Company believes its combined Service and Distribution segment offerings, experience, technical expertise and integrity create a unique and compelling value proposition for its customers.
Transcat's strategy is to leverage the complementary nature of its two operating segments, its comprehensive service capabilities, strong brand, enhanced e-commerce capabilities and leading distribution platform to drive organic sales growth. The Company will also look to expand its addressable calibration market through acquisitions and capability investments to further realize the inherent leverage of its business model.

Company profile
Ticker
TRNS
Exchange
Website
CEO
Lee Rudow
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Teradyne • Itron • Cohu • Frequency Electronics • Intest • Allied Motion • Data io • Aehr Test Systems • Giga Tronics • Reliability ...
Former names
TRANSMATION INC
SEC CIK
Corporate docs
Subsidiaries
Transcat Canada Inc. • WTT Real Estate Acquisition, LLC • Cal OpEx Limited • Cal OpEx Inc. • Tangent Labs, LLC ...
IRS number
160874418
TRNS stock data
News

5 Analysts Have This to Say About Transcat
3 Aug 22
HC Wainwright & Co. Maintains Buy on Transcat, Raises Price Target to $85
3 Aug 22
Transcat: Q1 Earnings Insights
1 Aug 22
UPDATE: Transcat Q1 Adj. EPS $0.54 Beats $0.27 Estimate, Sales $54.66M Beat $51.99M Estimate
1 Aug 22
Transcat Q1 EPS $0.40 Beats $0.27 Estimate, Sales $54.66M Beat $51.99M Estimate
1 Aug 22
Press releases
Transcat, Inc. to Present at Oppenheimer 25th Annual Technology, Internet & Communications Conference
3 Aug 22
Transcat Reports Strong First Quarter Results on 23% Service Revenue Growth and Solid Gross Margin Expansion
1 Aug 22
Transcat Announces First Quarter Fiscal Year 2023 Conference Call and Webcast
19 Jul 22
Capital Tactics Guides Cincinnati-based Alliance Calibration in Sale of Company to Transcat, Inc.
3 Jun 22
Transcat Strengthens Central Region Presence with Acquisition of Alliance Calibration
1 Jun 22
Analyst ratings and price targets
Current price
Average target
$82.00
Low target
$80.00
High target
$85.00
HC Wainwright & Co.
Maintains
$85.00
Roth Capital
Maintains
$80.00
Craig-Hallum
Maintains
$81.00
Calendar
3 Aug 22
12 Aug 22
25 Mar 23
Financial summary
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Diluted EPS |
Annual (USD) | Mar 22 | Mar 21 | Mar 20 | Mar 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 443K | 443K | 443K | 443K | 443K | 443K |
Cash burn (monthly) | 317.67K | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 512.21K | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -69.21K | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -0.2 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
9 Aug 22 | Harrison Richard J | Common Stock, $.50 par value | Gift | Dispose G | No | No | 0 | 1,200 | 0 | 26,770 |
8 Jun 22 | Harrison Richard J | Common Stock, $.50 par value | Gift | Dispose G | No | No | 0 | 1,200 | 0 | 27,970 |
26 May 22 | Carl E Sassano | Common Stock, $.50 par value | Sell | Dispose S | No | No | 63.14 | 20,000 | 1.26M | 45,095 |
Institutional ownership, Q1 2022
77.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 109 |
Opened positions | 20 |
Closed positions | 22 |
Increased positions | 32 |
Reduced positions | 46 |
13F shares | Current |
---|---|
Total value | 481.65M |
Total shares | 5.88M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
ATAC Neuberger Berman | 822.79K | $66.76M |
Fred Alger Management | 616.04K | $49.99M |
Broadcrest Asset Management | 450K | $41.59M |
BLK Blackrock | 435K | $35.3M |
Champlain Investment Partners | 401.83K | $32.6M |
Wasatch Advisors | 381.76K | $30.98M |
Royce & Associates | 350.51K | $28.44M |
Vanguard | 350K | $28.4M |
Conestoga Capital Advisors | 230.87K | $18.73M |
Dimensional Fund Advisors | 209.92K | $17.03M |
Content analysis
?Positive | ||
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Readability |
H.S. sophomore Avg
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New words:
absent, affixed, ahead, Alliance, analytical, back, backlog, bearing, book, brand, Brownian, Carlo, chain, Charlton, classified, concentration, connection, consulting, contractual, demonstrate, destination, digit, entry, environment, evidencing, exemption, fifteen, flow, geographic, Geometric, handheld, harbor, inflationary, inspection, intellectual, Jeffmont, legal, listing, maintenance, manner, Monte, motion, national, noncash, Ohio, past, predominately, preventative, proprietary, Puerto, Raitz, reduction, registered, registration, remeasured, remeasurement, rendered, repair, Rico, Rule, safe, satisfied, Section, settlement, simulation, therefrom, Toolroom, undeterminable, weather, yield
Removed:
Article, BioTek, decline, desired, easier, impacted, inability, instrument, laboratory, lower, pipette, productivity, qualitative, requirement, response, sector, technician, Virginia
Financial reports
Current reports
8-K
Transcat Reports Strong First Quarter Results on 23% Service Revenue Growth and Solid Gross Margin Expansion
2 Aug 22
8-K
Departure of Directors or Certain Officers
25 Jul 22
8-K
Transcat Strengthens Central Region Presence with Acquisition of Alliance Calibration
1 Jun 22
8-K
Transcat Reports Record Revenue and Adjusted Earnings Per Share for Fourth Quarter and Full Year Fiscal 2022
24 May 22
8-K
Transcat Reports Record Third Quarter EBITDA on Service Revenue Growth of 22% and Strong Gross Margin Expansion
2 Feb 22
8-K
Entry into a Material Definitive Agreement
3 Jan 22
8-K
Transcat Reports Second Quarter Adjusted EBITDA Increase of 35.5% to $7.1 Million on Strong Revenue Growth and Gross Margin Expansion
3 Nov 21
8-K
Submission of Matters to a Vote of Security Holders
9 Sep 21
8-K
Entry into a Material Definitive Agreement
31 Aug 21
8-K
Regulation FD Disclosure
11 Aug 21
Registration and prospectus
424B3
Prospectus supplement
28 Oct 21
S-8 POS
Registration of securities for employees (post-effective amendment)
13 Oct 21
S-8
Registration of securities for employees
7 Oct 13
S-8
Registration of securities for employees
26 Sep 13
S-3/A
Shelf registration (amended)
22 Jul 08
S-3
Shelf registration
16 Jul 08
S-8
Registration of securities for employees
23 Oct 03
Proxies
DEFA14A
Additional proxy soliciting materials
21 Jul 22
DEFA14A
Additional proxy soliciting materials
19 Aug 21
DEFA14A
Additional proxy soliciting materials
18 Aug 21
DEFA14A
Additional proxy soliciting materials
22 Jul 21
DEFA14A
Additional proxy soliciting materials
22 Jul 21
DEFA14A
Additional proxy soliciting materials
22 Jul 21
DEFA14A
Additional proxy soliciting materials
23 Jul 20
DEF 14A
Definitive proxy
23 Jul 20
Other
EFFECT
Notice of effectiveness
28 Oct 21
CORRESP
Correspondence with SEC
24 Oct 21
UPLOAD
Letter from SEC
20 Oct 21
EFFECT
Notice of effectiveness
30 Nov 20
CORRESP
Correspondence with SEC
23 Nov 20
UPLOAD
Letter from SEC
22 Nov 20
EFFECT
Notice of effectiveness
4 Jan 18
CORRESP
Correspondence with SEC
2 Jan 18
UPLOAD
Letter from SEC
28 Dec 17
EFFECT
Notice of effectiveness
23 Jul 08
Ownership
4
TRANSCAT / RICHARD J HARRISON ownership change
10 Aug 22
3/A
TRANSCAT / Thomas L Barbato ownership change
3 Aug 22
3
TRANSCAT / Thomas L Barbato ownership change
2 Aug 22
4/A
TRANSCAT / James M. Jenkins ownership change
28 Jun 22
4/A
TRANSCAT / Lee D. Rudow ownership change
28 Jun 22
4/A
TRANSCAT / Mark A. Doheny ownership change
28 Jun 22
4
TRANSCAT / RICHARD J HARRISON ownership change
10 Jun 22
4
TRANSCAT / CARL E SASSANO ownership change
31 May 22
4
TRANSCAT / Mark A. Doheny ownership change
26 May 22
4
TRANSCAT / Lee D. Rudow ownership change
26 May 22
Transcripts
2023 Q1
Earnings call transcript
3 Aug 22
2022 Q4
Earnings call transcript
24 May 22
2022 Q3
Earnings call transcript
2 Feb 22
2022 Q2
Earnings call transcript
7 Nov 21
2022 Q1
Earnings call transcript
31 Jul 21
2021 Q4
Earnings call transcript
19 May 21
2021 Q3
Earnings call transcript
3 Feb 21
2020 Q2
Earnings call transcript
28 Oct 20
2021 Q1
Earnings call transcript
22 Jul 20
2020 Q4
Earnings call transcript
20 May 20
Reddit threads
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Daily Discussion Thread - July 29th, 2022
29 Jul 22
Transcat Inc (NasdaqGM: TRNS) - A leader in the measurement and calibration service business
19 Jul 22
(5/24) Tuesday's Pre-Market Stock Movers & News
24 May 22
Daily Discussion Thread - May 23rd, 2022
23 May 22
Daily Discussion Thread - May 20th, 2022
20 May 22
Daily Discussion Thread - February 1st, 2022
1 Feb 22
Daily Discussion Thread - January 31st, 2022
31 Jan 22
Breakouts and Scanners Thread for November 28th, 2021
28 Nov 21
Breakouts and Scanners Thread for November 23rd, 2021
23 Nov 21