NASDAQ$TRNS
Transcat Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a 20% EBITDA increase with 19% service revenue growth and strong gross margin expansion.
Transcat reported a strong third quarter with a 12.8% increase in consolidated revenue, driven by a 19% increase in service revenue and a 3.7% increase in distribution sales. Gross margins expanded by 180 basis points, and adjusted EBITDA increased by 20.5%.
- Service revenue increased by 19.0%, with organic service revenue growth of 12.0%.
- Consolidated gross margins expanded by 180 basis points year over year.
- Distribution segment revenue increased by 3.7%, with gross margin expanding 370 basis points to 26.2%.
- The company added e2b Calibration, enhancing its capabilities in the aviation industry.
Headline financials
Revenue & EPS history
Transcat · Revenue · Quarterly
$57.4M
Revenue by segment
Transcat · $57.4M total across 2 segments · Q3 2023
- Service$36M+19.2%62.7%
- Distribution$21.4M+3.4%37.3%
Forward guidance
Transcat anticipates continued organic service revenue growth in the high-single digit range and expects gross margin improvement to continue.
Tailwinds
- Unique value proposition expected to drive competitive advantage.
- Recurring revenue streams and high levels of regulation to support Service segment performance.
- Active acquisition pipeline to drive Service growth.
- Continued organic Service revenue growth expected in the high-single digit range.
- Gross margin improvement expected to continue.
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 Q3 2023
+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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro