A maker of accredited calibration and compliance services, Transcat also distributes and rents test-and-measurement instruments — over 75,000 of them from roughly 400 brands — to life sciences, aerospace, defense, and energy customers. Founded in 1964 as Transmation, it took its name from its 1982 product catalog, the "Transcatalog," later shortened to Transcat. The company opened its first calibration lab in its hometown of Rochester, New York, in 1988.
Transcat reports Q4 FY2026 revenue up 15.8% to $89.3M; guides high single-digit service organic growth for FY2027.
Q4 FY2026 total revenue was $89.3 million, up 15.8% year-over-year; service revenue rose 18.4% to $61.6 million and distribution revenue grew 10.5% to $27.8 million.
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Q4 gross margin expanded 50 basis points to 34.1%; adjusted EBITDA increased 16.0% to $14.8 million.
Full-year FY2026 revenue increased 19.2% to $331.9 million; net income was $5.4 million, down from $14.5 million in FY2025.
Company expects service organic revenue growth to continue in the high single digits for fiscal 2027, assuming a stable economic environment.
Recent acquisition of SCM Metrology and Laboratories establishes Transcat's first operational presence in Latin America.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Transcat appoints Jaime Irick as President and CEO effective March 29, 2026
Irick's employment agreement provides an initial base salary of $650,000 per annum, a target cash incentive of 100% of base salary for fiscal 2027, and equity awards with a target value of $2.3 million.
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Jaime Irick will become President and CEO of Transcat, Inc. on March 29, 2026, succeeding Lee D. Rudow, who will resign from the Board and become a senior advisor through March 2027.
The initial term of the employment agreement is three years, with automatic one-year renewals and severance provisions including 12 months' base salary for certain terminations.
The Board also appointed Irick to fill the vacancy created by Rudow's resignation, with a term expiring at the 2027 annual meeting, and he will serve on the Executive Committee.
The Compensation Committee approved an increased fiscal 2027 compensation for CFO Thomas L. Barbato: base salary of $480,000 and a target cash incentive of 70% of base salary.
1.01 Entry into a Material Definitive Agreement · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Transcat grants retention equity awards to executives ahead of CEO succession
On January 6, 2026, Transcat's Compensation Committee granted one-time restricted stock unit awards to four executive officers under the 2021 Stock Incentive Plan.
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The awards were granted to Thomas L. Barbato (19,772 RSUs), Theresa A. Conroy (10,380 RSUs), Michael J. Haddad (5,190 RSUs), and Michael W. West (12,028 RSUs).
The retention awards vest on January 6, 2028, subject to continued employment and the terms of the award agreement.
The awards are intended to preserve leadership continuity during the transition to a successor CEO, following the previously announced retirement of CEO Lee D. Rudow.
CEO Lee D. Rudow will remain in his role until March 2026, then serve in an advisory role through March 2027.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Transcat reports Q2 FY2026 revenue up 21.3% to $82.3M, Adjusted EBITDA up 37% to $12.1M
Consolidated revenue for the fiscal second quarter ended September 27, 2025 was $82.3 million, up 21.3% year-over-year.
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Service revenue increased 19.9% to $52.8 million; distribution revenue grew 24.0% to $29.4 million.
Gross profit rose 26.2% to $26.8 million, with gross margin expanding 120 basis points to 32.5%.
Adjusted EBITDA increased 36.7% to $12.1 million, with Adjusted EBITDA margin up 160 basis points to 14.7%.
Management expects a return to high single-digit service organic revenue growth in the second half of fiscal 2026, barring increased economic uncertainty.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Transcat appoints Kristina Johnston as principal accounting officer effective September 10, 2025.
Johnston had served as the company's controller since June 2025 during the transition of Scott D. Deverell, who had announced his retirement on April 1, 2025.
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Kristina Johnston, age 48, was appointed principal accounting officer of Transcat, Inc. effective September 10, 2025.
Johnston's annual base salary is $250,000, with a target performance-based cash incentive of 30% of base salary and a target long-term equity incentive of 25% of base salary.
At the annual meeting on September 10, 2025, shareholders elected directors Dawn G. DePerrior, Cynthia M. Langston, and Robert L. Mecca to one-year terms.
Shareholders approved fixing the board at nine directors, ratified Deloitte & Touche LLP as auditor, and voted for an annual advisory vote on executive compensation.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders