Transcat Reports Strong Q2 2027 Results with Significant Revenue and EPS Growth
Transcat (TRNS) delivered robust second-quarter fiscal 2027 results, characterized by an 18% increase in consolidated revenue to $97.1 million. The company's service segment was a primary driver of performance, achieving 23% revenue growth and expanding gross margins to 34.4% due to increased pricing power and market share gains in its core calibration business. While the distribution segment saw a decline in adjusted operating income due to intentional sales of lower-margin used equipment to fund rental portfolio reinvestment, overall profitability remained strong. Adjusted diluted EPS rose 46% year-over-year to $0.64. Looking ahead, Transcat raised its service organic revenue guidance for fiscal 2027 to low double digits and maintains a long-term revenue target of $500 million within the next three to five years.
Tickers: $TRNS
Topics: distribution revenue gross margin expansion net income increase revenue growth service revenue