T
TRANSCAT INC
TRNSCIK 0000099302NasdaqLarge AcceleratedInstruments For Meas & Testing Of Electricity & Elec SignalsOhioFY ends Mar 28
Period
FY 2026
Revenue
$331.88M
Net Income
$5.38M
Total Assets
$480.49M
Equity
$300.62M
Shares Out
9.34M
Op. Cash Flow
$34.85M
Business
Transcat, Inc. provides accredited calibration, cost control and optimization services, and distribution and rental of professional test, measurement and control instrumentation for highly regulated industries. It offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, equipment rental and sales, equipment kitting, and proprietary asset-management software CalTrak® and customer portal C3®. The company operates two segments — Service (including Transcat Solutions, client‑based labs and mobile units) and Distribution. It serves customers across North America, Puerto Rico, Canada, Ireland and internationally through service centers, onsite/mobile services, and online and direct sales channels.
Summary from filing dated 2025-05-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 28, 2026 2026-03-28 | Mar 29, 2025 2025-03-29 | Mar 30, 2024 2024-03-30 |
|---|---|---|---|---|
| Revenue | 332 | 278 | 259 | |
| Cost of Revenue | 224 | 189 | 176 | |
| Gross Profit | 108 | 89 | 84 | |
| Selling, Marketing and Warehouse Expenses | 43 | 33 | 29 | |
| General and Administrative Expenses | 52 | 38 | 35 | |
| Total Operating Expenses | 95 | 72 | 64 | |
| Operating Income | 13 | 18 | 20 | |
| Interest Expense, Nonoperating | 5 | 798,000 | 2 | |
| Interest Income | 23,000 | 825,000 | 808,000 | |
| Other (Income) Expense | −695,000 | 425,000 | −315,000 | |
| Total Interest and Other (Income)/Expense, net | −5 | 452,000 | −1 | |
| Income Before Provisions for Income Taxes | 8 | 18 | 18 | |
| Provision for Income Taxes | 3 | 4 | 5 | |
| Net Income | 5 | 15 | 14 | |
| Basic Earnings Per Share (in dollars per share) | 0.58 | 1.58 | 1.66 | |
| Average Shares Outstanding (in shares) | 9 | 9 | 8 | |
| Diluted Earnings Per Share (in dollars per share) | 0.57 | 1.57 | 1.63 | |
| Average Shares Outstanding (in shares) | 9 | 9 | 8 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Mar 28, 2026 2026-03-28 | Mar 29, 2025 2025-03-29 |
|---|---|---|---|
| Current Assets: | — | — | |
| Cash and Cash Equivalents | 5 | 2 | |
| Accounts Receivable, less allowance for credit losses of $851 and $659 | 65 | 56 | |
| Other Receivables | 672,000 | 373,000 | |
| Inventory | 14 | 14 | |
| Prepaid Expenses and Other Current Assets | 8 | 6 | |
| Total Current Assets | 92 | 78 | |
| Property and Equipment, net | 58 | 50 | |
| Goodwill | 218 | 177 | |
| Intangible Assets, net | 78 | 55 | |
| Right to Use Assets, net | 32 | 24 | |
| Other Assets | 2 | 1 | |
| Total Assets | 480 | 385 | |
| Accounts Payable | 18 | 17 | |
| Accrued Compensation and Other Current Liabilities | 22 | 15 | |
| Current Portion of Long-Term Debt | 0 | 2 | |
| Total Current Liabilities | 40 | 34 | |
| Long-Term Debt | 100 | 31 | |
| Deferred Tax Liabilities, net | 10 | 9 | |
| Lease Liabilities | 29 | 21 | |
| Other Liabilities | 1 | 3 | |
| Total Liabilities | 180 | 98 | |
| Commitments and Contingencies (Note 8) | — | — | |
| Shareholders' Equity: | — | — | |
| Common Stock, par value $0.50 per share, 30,000,000 shares authorized; 9,333,953 and 9,315,840 shares issued and outstanding as of March 28, 2026 and March 29, 2025, respectively | 5 | 5 | |
| Capital in Excess of Par Value | 199 | 191 | |
| Accumulated Other Comprehensive Loss | −923,000 | −1 | |
| Retained Earnings | 98 | 93 | |
| Total Shareholders' Equity | 301 | 287 | |
| Total Liabilities and Shareholders' Equity | 480 | 385 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 28, 2026 2026-03-28 | Mar 29, 2025 2025-03-29 | Mar 30, 2024 2024-03-30 |
|---|---|---|---|---|
| Cash Flows from Operating Activities: | — | — | — | |
| Net Income | 5 | 15 | 14 | |
| Provided by Operating Activities: | — | — | — | |
| Net (Gain) Loss on Disposal of Property and Equipment | −232,000 | 31,000 | −53,000 | |
| Noncash Lease Expense | 6 | 3 | 765,000 | |
| Deferred Income Taxes | 827,000 | −5,000 | −2 | |
| Depreciation and Amortization | 26 | 19 | 14 | |
| Gain on Sale of Assets | 0 | 855,000 | 0 | |
| Amortization of Deferred Financing Costs | 104,000 | 0 | 0 | |
| Provision for Accounts Receivable and Inventory Reserves | 471,000 | 336,000 | 406,000 | |
| Stock-Based Compensation Expense | 8 | 3 | 5 | |
| Changes in Assets and Liabilities, net of acquisitions: | — | — | — | |
| Accounts Receivable and Other Receivables | 7 | 1 | 1 | |
| Inventory | −839,000 | −4 | −2 | |
| Prepaid Expenses and Other Current Assets | 2 | 992,000 | 299,000 | |
| Accounts Payable | 965,000 | 5 | −5 | |
| Accrued Compensation and Other Current Liabilities | 924,000 | −1 | 3 | |
| Lease Liabilities | −6 | −3 | −470,000 | |
| Income Taxes Payable | 0 | −3 | 3 | |
| Net Cash Provided by Operating Activities | 35 | 39 | 33 | |
| Cash Flows from Investing Activities: | — | — | — | |
| Purchase of Property and Equipment | 15 | 13 | 13 | |
| Business Acquisitions, net of cash acquired | 83 | 87 | 13 | |
| Proceeds from Sale of Assets | 0 | 1 | 0 | |
| Sales/(Purchases) of Marketable Securities | 0 | 16 | −16 | |
| Net Cash Used in Investing Activities | −98 | −84 | −42 | |
| Cash Flows from Financing Activities: | — | — | — | |
| Proceeds From Revolving Credit Facility, net of lender fees | 157 | 69 | 58 | |
| Repayment of Revolving Credit Facility | 88 | 38 | 101 | |
| Repayments of Term Loan | 2 | 2 | 2 | |
| Payments of Deferred Financing Costs | 365,000 | 0 | 0 | |
| Principal Payments on Finance Leases | 280,000 | 0 | 0 | |
| Issuance of Common Stock, net of direct costs | 842,000 | 2 | 77 | |
| Repurchase of Common Stock | 469,000 | 4 | 5 | |
| Net Cash Provided by Financing Activities | 67 | 27 | 27 | |
| Net (Decrease) Increase in Cash and Cash Equivalents | 3 | −18 | 18 | |
| Cash and Cash Equivalents at End of Fiscal Year | — | — | — | |
| Cash and Cash Equivalents at End of Fiscal Year | — | — | — | |
| Effect of Exchange Rate Changes on Cash | −103,000 | 24,000 | −228,000 | |
| Supplemental Disclosures of Cash Flow Activity: | — | — | — | |
| Interest, net | 4 | −151,000 | 1 | |
| Income Taxes, net | 2 | 8 | 3 | |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities: | — | — | — | |
| Common stock issued for acquisitions | 0 | 45 | 35 | |
| Balance Sheet Reclassification of Inventory to Property and Equipment | 741,000 | 443,000 | 230,000 | |
| Balance Sheet Reclassification of Property and Equipment, net to Inventory | 877,000 | 2 | 1 |
Filings
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