NASDAQ$TRNS
Transcat Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Transcat reported strong third quarter results driven by service gross margin expansion and adjusted EBITDA growth.
Transcat reported a consolidated revenue increase of 13.5% to $65.2 million, with a gross profit increase of 27.7% to $20.9 million. The service segment revenue grew by 15.4%, and the distribution segment sales increased by 10.4%. Adjusted EBITDA increased by 38.5% to $9.1 million, and net income per diluted share was $0.38 compared to $0.21 last year.
- Service gross margin expanded 250 basis points versus prior year due to strong organic Service revenue growth and increased productivity.
- Adjusted EBITDA growth of 39% reflects the ability to leverage organic Service revenue growth and successful integration of acquired companies.
- Consolidated revenue was up 14% with gross margin expansion of 350 basis points year over year.
- Distribution gross margin expanded 530 basis points to 31.5% on strength of Rentals.
Headline financials
Revenue & EPS history
Transcat · Revenue · Quarterly
$65.2M
Revenue by segment
Transcat · $89.3M total across 2 segments · Q4 2026
- Service$61.6M—68.9%
- Distribution$27.8M—31.1%
Forward guidance
Transcat expects organic Service revenue growth in the high-single digit to low double-digit range and gross margin expansion for the fiscal year. Automation of calibration processes and process improvement will be key enablers to future margin expansion. The company anticipates its income tax rate to range between 24% and 26% in fiscal 2024.
Tailwinds
- Expects organic Service revenue growth in the high-single digit to low double-digit range
- Anticipates gross margin expansion.
- Automation of calibration processes will enable future margin expansion.
- Robust acquisition pipeline enables strategic, accretive acquisitions.
- Believes its unique value proposition drives a sustainable competitive advantage.
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 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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