Transcat, Inc. reported a total revenue of $331.9 million for the fiscal year ending March 28, 2026, marking a 19.2% increase from $278.4 million in the previous fiscal year. The growth was primarily driven by the Service segment, which generated $217.2 million, up 19.7% from $181.4 million in fiscal 2025. This increase included $30.9 million in revenue from acquisitions, specifically the purchases of Essco Calibration Laboratory and Martin Calibration. The Distribution segment also saw an 18.2% rise in sales, reaching $114.7 million, attributed to increased rental and product sales.
Despite the revenue growth, Transcat's net income fell significantly to $5.4 million, a 63% decrease from $14.5 million in the prior year. This decline was largely due to increased operating expenses, which rose to $95 million from $71.6 million, driven by higher costs associated with recent acquisitions, employee compensation, and technology investments. The operating income also decreased to $13.3 million, representing 4% of total revenue, down from 6.4% in the previous year.
Strategically, Transcat has focused on expanding its service capabilities through acquisitions, with the recent purchase of SCM Metrology and Laboratories in Costa Rica further enhancing its geographic reach. The company operates 33 calibration service centers across the U.S., Canada, and Ireland, and has plans to continue leveraging its operational excellence initiative to improve productivity and efficiency. As of March 28, 2026, Transcat employed 1,413 individuals, reflecting a commitment to investing in human capital to support its growth strategy.
Looking ahead, Transcat anticipates continued organic growth in its Service segment, projecting high single-digit revenue growth for fiscal year 2027, contingent on stable economic conditions. The company aims to capitalize on the stringent regulatory requirements in its target markets, particularly in life sciences, which drive demand for its calibration services. Additionally, Transcat plans to enhance its operational efficiency through automation and technology, positioning itself for long-term shareholder value creation.
About TRANSCAT INC
Transcat, Inc. provides accredited calibration, asset management, and compliance services primarily to highly regulated industries such as life sciences, aerospace, defense, and energy. It distributes and rents test, measurement, and control instruments worldwide, offering value-added services like calibration and repair. Its integrated business model combines service and distribution segments, leveraging proprietary software and a broad geographic footprint to ensure quality, reliability, and operational efficiency.
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