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Transcat Inc  (TRNS)
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Price: $112.2500 $0.00 0.000%
Day's High: $112.33 Week Perf: 2.78 %
Day's Low: $ 111.12 30 Day Perf: 4.42 %
Volume (M): 67 52 Wk High: $ 115.41
Volume (M$): $ 7,532 52 Wk Avg: $94.80
Open: $111.22 52 Wk Low: $74.89



 Market Capitalization (Millions $) 982
 Shares Outstanding (Millions) 9
 Employees 812
 Revenues (TTM) (Millions $) 251
 Net Income (TTM) (Millions $) 10
 Cash Flow (TTM) (Millions $) 34
 Capital Exp. (TTM) (Millions $) 19

Transcat Inc
Transcat, Inc. is a leading authorized calibration service provider, enterprise asset management service provider, and value-added distributor of professional grade portable test, measurement, and control instruments. We are primarily concerned with supplying services and goods to highly regulated sectors, notably the life science industry, which includes pharmaceutical, biotechnology, medical device, and other FDA-controlled enterprises. Other industries served include FAA-regulated businesses, such as aerospace and defense industrial manufacturing; energy and utilities, such as oil and gas and alternative energy; and other industries that require precision in their processes and confirmation of the capabilities of their equipment, and where failure is extremely costly.
Through our Service segment, we offer calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services, a majority of which are processed through our proprietary asset management system, CalTrak' and our online customer portal, C3'. Our Service model is flexible, and we cater to our customers' needs by offering a variety of services and solutions including permanent and periodic onsite services, mobile calibration services, pickup and delivery and in-house services. As of the end of our fiscal year ended March 26, 2022 ('fiscal year 2022'), we operated twenty-four calibration service centers ('Calibration Service Centers') strategically located across the United States, Puerto Rico, and Canada. We also serve our customers onsite at their facilities for daily, weekly or longer-term periods. In addition, we have several imbedded customer-site locations that we refer to as 'client-based labs,' where we provide calibration services, and in some cases other related services, exclusively for the customer and where we reside and work every day. We also have a fleet of mobile calibration laboratories that can provide service at customer sites which may not have the space or utility capabilities we require to service their equipment.
NEXA provides asset management services to the biopharmaceutical industry by leveraging its six service tracks: (i) calibration, (ii) maintenance and spare, (iii) reliability, (iv) computerized maintenance management systems solutions ('CMMS'), (v) quality and compliance, and (vi) validation. By delivering these services, NEXA is able to provide unique value to their end customers in managing their asset portfolios, avoiding asset downtime and helping to accelerate delivery of their life changing products to market, ultimately driving significant cost savings and improved reliability. This NEXA suite of services, combined with the existing Transcat service offerings, provides a very comprehensive and robust value proposition to existing and new customers, which allows us to manage the complexity that is tied to doing business in these highly regulated industries.

Calibration. Calibration is the act of comparing a unit or instrument of unknown value to a standard of known value and reporting the result in some specifically defined form. After the calibration has been completed, a decision is made, based on rigorously defined parameters, regarding what, if anything, should be done to the unit to conform to the required standards or specifications. The decision may be to adjust, optimize or repair a unit; limit the use, range or rating of a unit; scrap the unit; or leave the unit as is. The purpose of calibration is to significantly reduce the risk of product or process failures caused by inaccurate measurements. In addition to its being an element of quality control and risk management, calibration improves an operation's productivity and efficiency to optimal levels by assuring accurate, reliable instruments and processes.



The need for calibration is often driven by regulation, which identifies a requirement for quality calibration and laboratory instrument services as a critical component of a company's business operation. We specifically target industries and companies that are regulated by the U.S. FDA, FAA or other regulatory bodies. As a result of the various levels of regulation within our target industries, our customers' calibration and laboratory instrument service sourcing decisions are generally made based on the provider's quality systems, accreditation, reliability, trust, customer service and documentation of services. To maintain our competitive position in this segment, we maintain internationally recognized third-party accredited quality systems, further detailed in the section entitled 'Service Quality' below, and provide our customers with access to proprietary asset management software solutions, which offer tools to manage their internal calibration programs and provide them with visibility to their service records.

Distribution Summary. We distribute professional grade test, measurement and control instrumentation throughout North America and internationally. Our customers use test and measurement instruments to ensure that their processes, and ultimately their end products, are within specification. Utilization of such diagnostic instrumentation also allows for continuous improvement processes to be in place, increasing the accuracies of their measurements. The industrial test and measurement instrumentation market, in those geographic areas where we predominately operate, has historically been serviced by broad-based national equipment distributors and niche or specialty-focused organizations such as Transcat. We offer value-added services such as calibration/certification of equipment purchases, equipment rentals, used equipment for sale, and equipment kitting.
We believe that a customer chooses a distributor based on a number of different criteria, including product availability, price, ease of doing business, timely delivery and accuracy of orders, consistent product quality, technical competence of the representative serving them and availability of value-added services. The decision to buy is generally made by plant engineers, quality managers, or their purchasing personnel, and products are typically obtained from one or more distributors as replacements, upgrades, or for expansion of manufacturing and research and development facilities. As a result, sales to Distribution customers are somewhat unpredictable and potentially non-recurring. Our online presence, including our website and e-newsletters, master catalog, supplemental mailings, and other sales and marketing activities are designed to create interest and maintain a constant presence in front of our customers to ensure we receive the order when they are ready to purchase.
We provide our customers with value-added services, including technical support, to ensure our customers receive the right product for their application, and more comprehensive instrument suitability studies to customers in regulated industries who are concerned about the technical uncertainties that their testing or in-process instruments may bring to a process. We consider our biggest value-added service for our Distribution customers is the option to have calibration service performed on their new product purchases prior to shipment, allowing them to place newly acquired equipment directly into service upon receipt, saving downtime. We also offer online procurement, credit card payment options, same day shipment of in-stock items, kitted products, the option to rent, training programs and a variety of custom product offerings. Items are regularly added to and deleted from our product offerings on the basis of customer demand, recommendations of suppliers, sales volumes and other factors. Because of the breadth of our product and service offerings, we are often a 'one-stop shop' for our customers who gain operational efficiency by dealing with just one distributor for most or all of their test and measurement instrumentation needs.
We continue to focus on higher margin channels such as rentals to bolster profitability in the Distribution segment. To remain competitive, we are focusing on brand consolidation along with inventory investments to support our overall strategy of being a value-added distributor that supports our customers and Service segment. Additional areas of focus include consumable products within the life science market which is intended to offset competitive pressures in our legacy distribution business.


   Company Address: 35 Vantage Point Drive Rochester 14624 NY
   Company Phone Number: 352-7777   Stock Exchange / Ticker: NASDAQ TRNS
   


Customers Net Income grew by TRNS's Customers Net Profit Margin grew to

24.77 %

19.31 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Transcat Inc

Transcat Inc. achieves impressive revenue growth with robust EPS performance during latest fiscal period



Transcat Inc, a prominent player in the Electronic Instruments & Controls sector, reported its financial results for the October to December period of 2023. The company witnessed significant growth in key financial metrics, including income per share and revenue. However, Transcat Inc faced difficulties in keeping up with its competitors in the industry. This article will delve into the financial facts and provide an analysis of Transcat Inc's recent performance.
1. Income per Share Growth:
During the October to December 2023 period, Transcat Inc witnessed exponential growth in its income per share. The figure surged by an impressive 80.95% to reach $0.38 per share, compared to the previous year's period where it was $0.06 per share. This demonstrates the company's ability to generate more profits from its core operations.

Transcat Inc

Transcat Inc. Dominates Q2 2023 with Unprecedented 11.278% Revenue Surge!

Transcat Inc Faces Demise in EPS, But Revenue Growth Offers Hope for Investors
Investors in Transcat Inc, a leading company in the Electronic Instruments & Controls sector, were stunned by the sharp decline in earnings per share (EPS) for the second quarter of 2023. The company reported a significant drop of -80.65% to $0.06 per share, signaling a worrisome turn of events. However, amidst this troubling news, there is a silver lining - Transcat Inc experienced a robust revenue growth of 11.278% to $62.80 million, compared to the same quarter the previous year.
In contrast to the struggles faced by many corporations in the sector, Transcat Inc emerged as a standout performer in the second quarter of 2023. While other companies grappled with declining transactions and retracting top-line figures, Transcat Inc managed to prosper. This success was evidenced by a decline in income per share of -84.21% from the prior quarter, dropping from $0.38 to $0.06 per share. Despite this setback, revenue saw a 3.64% surge from $60.60 million to $62.80 million.

Transcat Inc

Transcat Inc Battles Against Industry Trend: Despite Strong Revenue Growth, Earnings Unexpectedly Decline

Transcat Inc, an Electronic Instruments & Controls company, has recently faced a decline in earnings per share (EPS), even though its revenue has shown significant growth. In the most recent fiscal period, the bottom-line decreased by 5% to $0.38 per share, while revenue increased widely by 10.861% to $60.60 million compared to the same period a year before.
This is a noteworthy achievement for Transcat Inc as it goes against the trend in the Electronic Instruments & Controls sector, where most of the company's competitors have experienced a decline in top-line revenue over the same period. In the prior reporting season, the company's income dropped by 20.51% from $0.48 per share, and revenue decreased by 2.367% from $62.07 million.

Transcat Inc

Transcat Inc Posts Strong Double-Digit Q4 2023 Revenue and EPS Growth, Boosting Profits to New Highs

As a human observing the stock market, it is important to exercise caution and not get carried away with every positive announcement. While Transcat Inc announced a significant rise in revenue and profitability in the fourth quarter of 2023, it is important to remember that the stock market can be unpredictable and there is no guarantee that this trend will continue.
It is important to investigate the company further and look at other factors that could possibly impact the company's success in the future. As reported, Transcat Inc has seen strong additions from clients but it is important to remember that in a fast-paced market, customer loyalty can be fickle. Additionally, it is important to examine the competition in the industry and consider any potential threats to the company's continued growth and profitability.






 

Transcat Inc's Segments
 
 
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