TRNS on Nasdaq

TRANSCAT INC

American Instruments For Meas and Testing of Electricity and Elec Signals company.

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Last updated Oct 18, 2026.

Overview

$331.9MRevenue, fiscal 20262
$5.4MNet income, fiscal 20262

Compare with COHU INC, ALLIENT INC or INTEST CORP, or pick any stock.

  • TickerTRNS on Nasdaq
  • IndustryInstruments For Meas & Testing of Electricity & Elec Signals
  • HeadquartersColumbus, United States
  • Incorporated inOH3
  • Business address35 Vantage Point Drive, Rochester, Ny 146243
  • Filer categoryLarge accelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

32.6%Gross margin2
4.0%Operating margin2
1.6%Net margin2
19.2%Revenue growth, 20262
1.8%Return on equity2
0.33×Debt to equity2
$19.6MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service brought in 65% of the revenue TRANSCAT INC broke down this way in fiscal 2026.

  1. Service$217.2M265%up 20% from 2025
  2. Distribution Service$114.7M235%up 18% from 2025
Products and services by year
Products and services202420252026
Service$169.5M$181.4M$217.2M
Distribution Service$90.0M$97.0M$114.7M

Business segments

Service brought in 65% of the revenue TRANSCAT INC broke down this way in fiscal 2026.

  1. Service$217.2M265%up 20% from 2025
  2. Distribution$114.7M235%up 18% from 2025
Business segments by year
Business segments202420252026
Service$169.5M$181.4M$217.2M
Distribution$90.0M$97.0M$114.7M

Regions

United States brought in 93% of the revenue TRANSCAT INC broke down this way in fiscal 2026.

  1. United States$309.9M293%up 21% from 2025
  2. CA [member]$17.3M25%up 1% from 2025
  3. Other International$4.7M21%down 13% from 2025
Regions by year
Regions202420252026
United States$235.1M$255.8M$309.9M
CA [member]$16.7M$17.2M$17.3M
Other International$7.7M$5.4M$4.7M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue67¢$223.6M
  • Other costs30¢$100.3M
  • Income tax1¢$2.6M
  • Profit2¢$5.4M

Out of $331.9M in revenue.2

Where each dollar of operating cash went, fiscal 2026

  • Capital spending44¢$15.3M
  • Share buybacks1¢$469.0K
  • Kept or used elsewhere55¢$19.1M

Out of $34.9M of cash from operations.2

Financial statements

Revenue456782$331.9M in 2026+106% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $160.9M$160.9M20192020: $173.1M$173.1M2020+8%2021: $173.3M$173.3M2021+0%2022: $205.0M$205.0M2022+18%2023: $230.6M$230.6M2023+12%2024: $259.5M$259.5M2024+13%2025: $278.4M$278.4M2025+7%2026: $331.9M$331.9M2026+19%
Gross profit456782$108.3M in 2026+175% since 2019
0$50.0M$100.0M$150.0M2019: $39.3M$39.3M20192020: $42.5M$42.5M2020+8%2021: $46.1M$46.1M2021+9%2022: $58.4M$58.4M2022+27%2023: $68.4M$68.4M2023+17%2024: $83.8M$83.8M2024+23%2025: $89.5M$89.5M2025+7%2026: $108.3M$108.3M2026+21%
Operating income456782$13.3M in 2026+30% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $10.2M$10.2M20192020: $10.8M$10.8M2020+6%2021: $11.1M$11.1M2021+2%2022: $14.1M$14.1M2022+28%2023: $16.2M$16.2M2023+15%2024: $19.8M$19.8M2024+22%2025: $17.9M$17.9M2025−10%2026: $13.3M$13.3M2026−26%
Net income456782$5.4M in 2026−25% since 2019
0$5.0M$10.0M$15.0M2019: $7.1M$7.1M20192020: $8.1M$8.1M2020+13%2021: $7.8M$7.8M2021−3%2022: $11.4M$11.4M2022+46%2023: $10.7M$10.7M2023−6%2024: $13.6M$13.6M2024+28%2025: $14.5M$14.5M2025+6%2026: $5.4M$5.4M2026−63%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-03-312025-03-312024-03-31
Revenue$331.9M$278.4M$259.5M
Cost of Revenue$223.6M$189.0M$175.7M
Gross Profit$108.3M$89.5M$83.8M
Selling, Marketing and Warehouse Expenses$42.8M$33.3M$28.7M
General and Administrative Expenses$52.3M$38.2M$35.3M
Total Operating Expenses$95.0M$71.6M$64.0M
Operating Income$13.3M$17.9M$19.8M
Interest Expense, Nonoperating$4.6M$798.0K$1.8M
Interest Income-$23.0K-$825.0K-$808.0K
Other (Income) Expense$695.0K-$425.0K$315.0K
Total Interest and Other (Income)/Expense, net$5.3M-$452.0K$1.3M
Income Before Provisions for Income Taxes$8.0M$18.3M$18.4M
Provision for Income Taxes$2.6M$3.8M$4.8M
Net Income$5.4M$14.5M$13.6M
Basic Earnings Per Share (in dollars per share)$0.58$1.58$1.66
Average Shares Outstanding (in shares)9.3M shares9.2M shares8.2M shares
Diluted Earnings Per Share (in dollars per share)$0.57$1.57$1.63
Average Shares Outstanding (in shares)9.4M shares9.3M shares8.4M shares

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Leadership

Who has led TRANSCAT INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Carl E. Sassano2006–2007
  2. Charles P. Hadeed2007–2013
  3. Lee D. Rudow2013–2026
  4. Jaime A. Irick2026–now

Chair

  1. Carl E. Sassano2006–2012
  2. Charles P. Hadeed2014–2019
  3. Gary J. Haseley2020–2021

President

  1. Carl E. Sassano2006
  2. Charles P. Hadeed2006–2012
  3. Lee D. Rudow2012–2026
  4. Jaime A. Irick2026–now

Chief financial officer

  1. Michael Tschiderer2016–2020
  2. Mark A. Doheny2020–2023
  3. Thomas L. Barbato2022–now

Chief operating officer

  1. Charles P. Hadeed2006–2011
  2. Lee D. Rudow2011–2013
  3. Mark A. Doheny2023–2024
  4. Michael W. West2024–now
2010201520202025
Board members and other officers (28)

Former names

  • TRANSMATION INCSep 14, 1995 to Aug 14, 20023

Timeline

  1. Apr 2, 2026New chief executive Jaime A. Irick becomes CEO13
  2. Sep 12, 2013New chief executive Lee D. Rudow becomes CEO14
  3. Apr 12, 2007New chief executive Charles P. Hadeed becomes CEO15
  4. Jan 19, 2006New chief executive Carl E. Sassano becomes CEO16
  5. Mar 19, 1964Founded TRANSCAT INC is founded54

Filings

336 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 57 major events, 157 insider forms, 41 large holders, 61 other. The latest 20:

  1. Sep 10, 20268-K EDGAR
  2. Sep 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  3. Sep 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  4. Sep 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Sep 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Sep 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  7. Sep 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  8. Sep 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Sep 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  10. Sep 4, 2026S-3ASR EDGAR
  11. Sep 3, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  12. Sep 3, 2026144 EDGAR
  13. Aug 17, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Aug 12, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. Aug 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. Aug 4, 202610-Q EDGAR
  17. Aug 4, 20268-K EDGAR
  18. Jul 23, 2026ARS EDGAR
  19. Jul 23, 2026DEFA14A DEFA 14A EDGAR
  20. Jul 23, 2026DEF 14A EDGAR

The 336 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 41 such filings since October 2021, the latest 10:

  1. Jul 22, 2026SCHEDULE 13G/A
  2. Apr 30, 2026SCHEDULE 13G
  3. Apr 22, 2026SCHEDULE 13G
  4. Apr 2, 2026SCHEDULE 13G
  5. Mar 27, 2026SCHEDULE 13G/A
  6. Feb 17, 2026SCHEDULE 13G/A
  7. Feb 17, 2026SCHEDULE 13G/A
  8. Feb 12, 2026SCHEDULE 13G
  9. Jan 9, 2026SCHEDULE 13G/A
  10. Nov 14, 2025SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Neuberger Berman Group LLC777,366$72.1M0.0%−48,372
BlackRock, Inc.727,010$67.4M0.0%+52,095
Hood River Capital Management LLC601,541$55.8M0.4%−13,013
Ophir Asset Management Pty Ltd462,016$42.9M3.5%−83,499
Conestoga Capital Advisors, LLC449,557$41.7M0.9%−62,961
Royce & Associates LP431,671$40.0M0.3%−182,582
Vanguard Capital Management LLC414,057$38.4M0.0%+6,896
Barrow Hanley Mewhinney & Strauss LLC399,983$37.1M0.1%+72,541
First Eagle Investment Management, LLC347,394$32.2M0.0%+194,347
Wellington Management Group Llp317,015$29.4M0.0%+19,287
Dimensional Fund Advisors LP275,296$25.5M0.0%+13,263
Paradice Investment Management LLC246,144$22.8M3.6%−2,288
Geode Capital Management, LLC243,137$22.6M0.0%+14,269
State Street Corp227,595$21.1M0.0%+8,652
Riverbridge Partners LLC202,389$18.8M0.5%−108,087
Bamco Inc /ny/190,243$17.6M0.0%−40,111
Champlain Investment Partners, LLC171,266$15.9M0.4%−33,178
Royal Bank Of Canada151,379$14.0M0.0%+18,932
ArrowMark Colorado Holdings LLC149,523$13.9M0.6%−1,009
King Luther Capital Management Corp143,750$13.3M0.1%+40,000
Needham Investment Management LLC136,720$12.7M0.4%+6,220
Osterweis Capital Management Inc132,797$12.3M0.7%+32,335
Millennium Management LLC130,212$12.1M0.0%+58,783
Silvercrest Asset Management Group LLC104,629$9.7M0.1%+29,412
Northern Trust Corp100,567$9.3M0.0%+3,751

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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