Overview

* Transcat ( TRNS ) fiscal Q1 revenue grows 14.6% yr/yr to $76.4 mln, misses expectations

* Adjusted EPS of $0.59 beats analyst estimates, per LSEG data

* Adjusted EBITDA rises 15.2% to $11.8 mln, exceeding expectations, per LSEG data

Outlook

* Transcat ( TRNS ) expects high single-digit service revenue growth in H2 fiscal 2026

* Company anticipates continued service revenue growth in fiscal 2026

Result Drivers

* SERVICE REVENUE GROWTH - Service revenue increased 12% to $49.1 mln, driven by acquisitions

* DISTRIBUTION SEGMENT - Distribution revenue grew 19% to $27.3 mln, boosted by strong rentals demand

* ACQUISITION STRATEGY - Acquisition of Essco Calibration Laboratory added $22 mln in annual revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Miss $76.42 $73.30

Revenue mln mln (5

Analysts

)

Q1 Beat $0.59 $0.4 (5

Adjusted Analysts

EPS )

Q1 EPS $0.35

Q1 Beat $11.80 $9.85

Adjusted mln mln (5

EBITDA Analysts

)

Q1 Gross $25.80

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electronic equipment & parts peer group is "buy"

* Wall Street's median 12-month price target for Transcat Inc ( TRNS ) is $105.00, about 28% above its August 5 closing price of $75.64

* The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 53 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)