Transcat, Inc. (TRNS)

Transcat trailed consensus on earnings even as it topped revenue expectations in the first fiscal quarter of 2027, reported August 4, 2026, with revenue rising 20.5% to about $92.9 million, up from roughly $77.1 million a year ago. On the tape-versus-consensus view, revenue of $92.9 million topped the $86.6 million estimate (+7%), while EPS of $0.14 trailed the $0.38 estimate (-63%) and was down from $0.64 a year ago. The quarter’s mix of services and instrument distribution produced gross profit of about $30.7 million, with gross margin at roughly 33%, while operating income came in around $3.7 million and operating margin stood near 4%. Net income fell 70.2% year over year to about $1.3 million, down from roughly $4.5 million in the prior-year period. Cash generation remained positive, with operating cash flow of about $8.8 million, and the company repurchased roughly $1.9 million of stock during the quarter. For the next period, consensus calls for EPS of $0.41 on revenue of $92.4 million.