NASDAQ:TRNS

Transcat Announces Fourth Quarter Fiscal Year 2024 Conference Call and Webcast

Retrieved on: 
Wednesday, May 8, 2024
Technology, Other Defense, Semiconductor, Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Hardware, Consumer Electronics, Defense, Webcast, Accounting, Calibration

Transcat, Inc. (Nasdaq: TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it will release its fourth quarter fiscal year 2024 results after the close of financial markets on Monday, May 20, 2024.

Key Points: 
  • Transcat, Inc. (Nasdaq: TRNS) ("Transcat" or the "Company"), a leading provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation, announced that it will release its fourth quarter fiscal year 2024 results after the close of financial markets on Monday, May 20, 2024.
  • The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook.
  • Webcast and accompanying slide presentation: https://www.transcat.com/investor-relations
    A telephonic replay will be available from 2:00 p.m.
  • To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13746612 or access the webcast replay at https://www.transcat.com/investor-relations , where a transcript will be posted once available.

Transcat further expands its higher margin rental business with the acquisition of Becnel Rental Tools, Inc.

Retrieved on: 
Monday, April 15, 2024
Oil, Gas, Natural Resources, Energy, Machinery, Machine Tools, Metalworking & Metallurgy, Engineering, Other Natural Resources, Manufacturing, ISO 9001:2015, Accounting, Hand, Calibration, Distribution, Growth, Property management

Founded in 2012, Becnel is an ISO 9001:2015 certified provider of rental tools and services primarily utilized in the decommissioning and maintenance of oil wells.

Key Points: 
  • Founded in 2012, Becnel is an ISO 9001:2015 certified provider of rental tools and services primarily utilized in the decommissioning and maintenance of oil wells.
  • The existing staff and leadership team, led by current Becnel President Jason Becnel, will remain in place to strategically drive the business and service customers’ needs.
  • In addition, within their current business model, Becnel has an attractive service revenue component that works hand in hand with their equipment rentals.
  • As a result, we see Becnel as a great strategic fit for Transcat.”

Transcat Inc. Announces Executive Leadership Changes

Retrieved on: 
Tuesday, April 9, 2024
Pharmaceutical, Electronic Design Automation, Consumer Electronics, Technology, Medical Devices, Other Manufacturing, Semiconductor, Engineering, Chemicals, Plastics, Biotechnology, Aerospace, Health, Manufacturing, Growth, Inc., CFO, Rudow, TRNS, Accounting, Calibration, Acquisition, Senior, Management

"As we enter the next chapter of Transcat’s growth, I believe it is the right time to transition operations leadership," said Lee Rudow, CEO and President.

Key Points: 
  • "As we enter the next chapter of Transcat’s growth, I believe it is the right time to transition operations leadership," said Lee Rudow, CEO and President.
  • "I look forward to Mike’s leadership as our Chief Operating Officer as we continue to enhance our strong competitive advantages within the markets we serve.
  • Rudow concluded, "On behalf of the entire Company, I'd like to thank Mark for his four years of service to Transcat.
  • During his tenure as CFO and COO, Mark played an important role in repositioning our Company's strategies and building our executive team.

Transcat Announces Third Quarter Fiscal Year 2024 Conference Call and Webcast

Retrieved on: 
Monday, January 15, 2024
Technology, Other Defense, Semiconductor, Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Hardware, Consumer Electronics, Defense, Calibration, Webcast

The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook.

Key Points: 
  • The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook.
  • Webcast and accompanying slide presentation: https://www.transcat.com/investor-relations
    A telephonic replay will be available from 2:00 p.m.
  • ET on the day of the teleconference call until Tuesday, February 06, 2024.
  • To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13743750 or access the webcast replay at https://www.transcat.com/investor-relations , where a transcript will be posted once available.

Transcat Reports Strong Second Quarter Results on Double-Digit Organic Service Growth and Expanding Gross Margins

Retrieved on: 
Monday, October 30, 2023
Consumer Electronics, Aerospace, Technology, Manufacturing, Health, Semiconductor, Medical Devices, Engineering, Hardware, Electronic Design Automation, Chemicals, Plastics, Adjustment, Sale, Tax, Earnings per share, EBITDA, GAAP, Acquisition, NEXA, Samsung Galaxy Note (2011 smartphone), Growth, Webcast, Federal, Depreciation, Forecasting, Renting, Investment, Defense, Bank

Consolidated gross profit was up $6.0 million, or 18.4%, and gross margin expanded to 31.5% or 200 basis points.

Key Points: 
  • Consolidated gross profit was up $6.0 million, or 18.4%, and gross margin expanded to 31.5% or 200 basis points.
  • Subsequent to the end of the quarter, the revolving credit facility was paid off using funds from the secondary offering.
  • We expect organic Service revenue growth in the high-single digit to low double-digit range and gross margin expansion for the fiscal 2024 year.
  • Management will review the financial and operating results for the second quarter, as well as the Company’s strategy and outlook.

Transcat Announces Second Quarter Fiscal Year 2024 Conference Call and Webcast

Retrieved on: 
Monday, October 16, 2023
Technology, Engineering, Chemicals, Plastics, Health, Aerospace, Manufacturing, Other Health, Defense, Other Science, Other Defense, Hardware, Science, Semiconductor, Consumer Electronics, Calibration, Webcast

Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its second quarter fiscal year 2024 results after the close of financial markets on Monday, October 30, 2023.

Key Points: 
  • Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration services, enterprise asset management services, and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its second quarter fiscal year 2024 results after the close of financial markets on Monday, October 30, 2023.
  • The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook.
  • Webcast and accompanying slide presentation: https://www.transcat.com/investor-relations
    A telephonic replay will be available from 2:00 p.m.
  • To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13742041 or access the webcast replay at https://www.transcat.com/investor-relations , where a transcript will be posted once available.

Transcat, Inc. Prices $70 Million Public Offering of Common Stock

Retrieved on: 
Thursday, September 21, 2023
Consumer Electronics, Aerospace, Technology, Manufacturing, Health, General Health, Semiconductor, Engineering, Hardware, Electronic Design Automation, Chemicals, Plastics, Broad Street, Telephone, SEC filing, Sale, M&T Bank, Oppenheimer Holdings, Security (finance), Roth Capital Partners, Calibration

Transcat expects the net proceeds from this offering to be approximately $65.2 million, after deducting underwriting discounts and commissions and estimated offering expenses.

Key Points: 
  • Transcat expects the net proceeds from this offering to be approximately $65.2 million, after deducting underwriting discounts and commissions and estimated offering expenses.
  • Transcat has granted the underwriters a 30-day option to purchase up to 110,526 additional shares of its common stock.
  • Transcat expects the offering to close on or about September 25, 2023, subject to the satisfaction of customary closing conditions.
  • The shares of common stock described above are being offered by the Company pursuant to a shelf registration statement (File No.

Transcat, Inc. Announces Proposed Public Offering of Common Stock

Retrieved on: 
Wednesday, September 20, 2023
Consumer Electronics, Aerospace, Technology, Manufacturing, Health, General Health, Semiconductor, Engineering, Hardware, Electronic Design Automation, Chemicals, Plastics, Broad Street, Telephone, Enterprise file synchronization and sharing, Sale, M&T Bank, Oppenheimer Holdings, Security (finance), Calibration

All of the shares of common stock are being offered by Transcat.

Key Points: 
  • All of the shares of common stock are being offered by Transcat.
  • Transcat also expects to grant the underwriters a 30-day option to purchase additional shares of common stock offered in the public offering.
  • The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • The shares of common stock described above are being offered by the Company pursuant to a shelf registration statement (File No.

Transcat accelerates the growth of its high margin rental business with the acquisition of Axiom Test Equipment, Inc.

Retrieved on: 
Tuesday, August 8, 2023
Aerospace, Technology, Manufacturing, Health, Semiconductor, Health Technology, Medical Devices, Engineering, Machinery, Hardware, Chemicals, Plastics, Axiom, Growth, Renting, Test, Electronic test equipment, Calibration, Security (finance), Video game

Founded in 2005, Axiom is an established rental provider of Electronic Test Equipment to customers across the United States.

Key Points: 
  • Founded in 2005, Axiom is an established rental provider of Electronic Test Equipment to customers across the United States.
  • Axiom has an in-house ISO 17025 lab, which is primarily utilized for internal calibrations and equipment repair services.
  • “Axiom is a well-established, fast-growing player in the Test Equipment rental market.
  • Our combined Rental business is expected be approximately $24 million in revenue, with expected Gross Margins above 55%,” according to Lee Rudow, President and Chief Executive Officer.