NASDAQ$TRNS
Transcat Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Transcat reported strong first quarter results driven by double-digit organic service growth and expanding gross margins.
Transcat reported a strong first quarter with a 10.9% increase in consolidated revenue and a 160 basis points expansion in gross margin. Service revenue grew by 17.6%, with organic service revenue growth of 11.2%. Adjusted EBITDA increased by 16%.
- Consolidated revenue increased by 10.9% due to growth in both service and distribution segments.
- Service revenue grew by 17.6%, with organic growth of 11.2%, driven by strong demand in regulated end markets.
- Distribution segment gross margin improved by 270 basis points to 27.7% due to strength in the rental business.
- Adjusted EBITDA increased by 16.1% due to successful execution of automation and process improvement initiatives.
Headline financials
Revenue & EPS history
Transcat · Revenue · Quarterly
$60.6M
Revenue by segment
Transcat · $60.6M total across 2 segments · Q1 2024
- Service$39.9M+17.7%65.8%
- Distribution$20.7M—34.2%
Forward guidance
Transcat anticipates organic Service revenue growth in the high-single digit to low double-digit range and gross margin expansion during the fiscal year 2024.
Tailwinds
- Expect organic Service revenue growth in the high-single digit to low double-digit range.
- Anticipate gross margin expansion.
- Unique value proposition drives a sustainable competitive advantage.
- Strategic, accretive acquisitions drive synergistic growth opportunities.
- Believe the company's value proposition drives a sustainable competitive advantage in the highly regulated markets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+0.8%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+3.7%
Avg return
30 days after
58%
37 / 64 earnings
Positive
+16.9%
Q4 2013
Best reaction
-17.0%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | +8.9% | +26.0% | +11.6% | |
| Q2 2026 | -11.5% | -21.6% | -24.3% | |
| Q1 2026 | +2.7% | +6.6% | +0.3% | |
| Q4 2025 | +15.7% | +12.5% | -0.1% | |
| Q3 2025 | -12.7% | -22.3% | -18.5% | |
| Q2 2025 | -17.0% | -20.3% | -12.3% | |
| Q1 2025 | -16.5% | -23.1% | -13.8% | |
| Q4 2024 | +15.2% | +9.3% | -1.5% | |
| Q3 2024 | +10.9% | +15.1% | +5.7% | |
| Q2 2024 | -1.6% | -5.4% | +7.6% | |
| Q1 2024 | +4.5% | +7.4% | +22.7% | |
| Q4 2023 | +4.8% | +1.5% | +3.4% | |
| Q3 2023 | +2.6% | +6.7% | +9.4% | |
| Q2 2023 | -12.2% | -9.8% | -2.6% | |
| Q1 2023 | +8.8% | +16.6% | +18.9% | |
| Q4 2022 | -2.8% | -0.1% | -6.8% | |
| Q3 2022 | -12.9% | -21.3% | -17.6% | |
| Q2 2022 | +11.4% | +18.8% | +18.7% | |
| Q1 2022 | +4.0% | +5.3% | +9.9% | |
| Q4 2021 | +15.8% | +17.9% | +14.0% | |
| Q3 2021 | +8.7% | +14.7% | +21.3% | |
| Q2 2021 | +8.5% | +12.4% | +14.8% | |
| Q1 2021 | +1.9% | +8.5% | +11.2% | |
| Q4 2020 | +0.4% | -6.7% | -9.2% | |
| Q3 2020 | +0.4% | +5.2% | +0.5% | |
| Q2 2020 | +9.5% | +12.6% | +20.2% | |
| Q1 2020 | -1.1% | -1.8% | -6.8% | |
| Q4 2019 | +4.5% | +3.7% | +8.8% | |
| Q3 2019 | +1.1% | +2.7% | -0.3% | |
| Q2 2019 | +2.4% | +1.5% | +0.5% | |
| Q1 2019 | -4.6% | -0.9% | +6.8% | |
| Q4 2018 | +4.9% | +6.5% | +21.9% | |
| Q3 2018 | +8.6% | +8.2% | +7.9% | |
| Q2 2018 | -1.5% | -2.7% | +0.6% | |
| Q1 2018 | -0.4% | +0.0% | -1.9% | |
| Q4 2017 | -4.5% | -2.8% | -3.2% | |
| Q3 2017 | +10.3% | +4.3% | +10.2% | |
| Q2 2017 | +2.3% | +2.7% | +6.2% | |
| Q1 2017 | +1.0% | +4.2% | +9.5% | |
| Q4 2016 | -6.9% | — | — | |
| Q3 2016 | -1.3% | — | — | |
| Q2 2016 | -4.5% | — | — | |
| Q1 2016 | +2.1% | — | — | |
| Q4 2015 | +1.5% | — | — | |
| Q3 2015 | -3.0% | — | — | |
| Q2 2015 | +4.5% | — | — | |
| Q1 2015 | -8.9% | — | — | |
| Q4 2014 | -3.0% | — | — | |
| Q3 2014 | -8.1% | — | — | |
| Q2 2014 | -3.9% | — | — | |
| Q1 2014 | +5.9% | — | — | |
| Q4 2013 | +16.9% | — | — | |
| Q3 2013 | +7.8% | — | — | |
| Q2 2013 | -1.7% | — | — | |
| Q1 2013 | -0.8% | — | — | |
| Q4 2010 | +1.9% | — | — | |
| Q4 2012 | -2.7% | — | — | |
| Q3 2011 | -7.7% | — | — | |
| Q3 2012 | +1.0% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2011 | +1.1% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q4 2011 | +1.1% | — | — | |
| Q1 2012 | -10.1% | — | — |
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