Revenue: As of FY2026 Q4, the actual value is USD 89.33 M, missing the estimate of USD 89.79 M.

EPS: As of FY2026 Q4, the actual value is USD 0.21, missing the estimate of USD 0.2275.

EBIT: As of FY2026 Q4, the actual value is USD 4.209 M.

Fiscal Fourth Quarter 2026 (Q4 FY26) Financial Highlights

Overall Financial Performance

• Total Revenue: Increased by 15.8% to $89,325 thousand, from $77,134 thousand in the prior year quarter .
• Gross Profit: Rose by 17.6% to $30,468 thousand, from $25,913 thousand .
• Gross Margin: Expanded by 50 basis points to 34.1%, compared to 33.6% .
• Operating Income: Decreased by -37.6% to $4,332 thousand, from $6,940 thousand .
• Operating Margin: Decreased to 4.8%, from 9.0% .
• Operating Expenses: Increased by 37.8% to $26,136 thousand, from $18,973 thousand, driven by incremental expenses from acquired businesses, increased intangibles amortization, stock-based compensation, executive transition costs, and marketing spend .
• Net Income: Decreased by -56.4% to $1,947 thousand, from $4,464 thousand .
• Net Margin: Decreased to 2.2%, from 5.8% .
• Adjusted Net Income: Decreased by -11.8% to $5,237 thousand, from $5,939 thousand .
• Adjusted Net Margin: Decreased to 5.9%, from 7.7% .
• Adjusted EBITDA: Increased by 16.0% to $14,788 thousand, from $12,745 thousand .
• Adjusted EBITDA Margin: Increased to 16.6%, from 16.5% .

Service Segment Performance (Q4 FY26)

• Service Revenue: Increased by 18.4% to $61,570 thousand, from $52,010 thousand, including $5,802 thousand of incremental revenue from acquisitions .
• Service Organic Revenue: Increased by 7% compared to the prior year quarter .
• Service Gross Profit: Increased by 16.1% to $21,860 thousand, from $18,828 thousand .
• Service Gross Margin: Decreased by 70 basis points to 35.5%, from 36.2%, primarily due to costs associated with new customer wins .
• Service Operating Income: Decreased by -41.3% to $3,508 thousand, from $5,976 thousand .
• Service Operating Margin: Decreased to 5.7%, from 11.5% .
• Service Adjusted Operating Income: Increased by 8.6% to $11,202 thousand, from $10,318 thousand .
• Service Adjusted Operating Margin: Decreased to 18.2%, from 19.8% .

Distribution Segment Performance (Q4 FY26)

• Distribution Revenue: Increased by 10.5% to $27,755 thousand, from $25,124 thousand, driven by improved rental sales .
• Distribution Gross Profit: Increased by 21.5% to $8,608 thousand, from $7,085 thousand .
• Distribution Gross Margin: Increased by 280 basis points to 31.0%, from 28.2%, driven by a favorable sales mix .
• Distribution Operating Income: Decreased by -14.5% to $824 thousand, from $964 thousand .
• Distribution Operating Margin: Decreased to 3.0%, from 3.8% .
• Distribution Adjusted Operating Income: Increased by 41.7% to $3,709 thousand, from $2,618 thousand .
• Distribution Adjusted Operating Margin: Increased to 13.4%, from 10.4% .

Fiscal Year 2026 (FY26) Financial Highlights

Overall Financial Performance

• Total Revenue: Increased by 19.2% to $331,877 thousand, from $278,421 thousand .
• Service Revenue: Increased by 19.7% to $217,209 thousand, from $181,428 thousand .
• Service Organic Revenue: Increased by 3% to $183,291 thousand, from $177,979 thousand .
• Distribution Revenue: Increased by 18.2% to $114,668 thousand, from $96,993 thousand .
• Gross Profit: Increased by 21.1% to $108,304 thousand, from $89,453 thousand .
• Gross Margin: Increased by 50 basis points to 32.6%, from 32.1% .
• Operating Income: Decreased by -25.8% to $13,263 thousand, from $17,874 thousand .
• Operating Margin: Decreased to 4.0%, from 6.4% .
• Net Income: Decreased by -63.0% to $5,376 thousand, from $14,515 thousand .
• Net Margin: Decreased to 1.6%, from 5.2% .
• Adjusted Net Income: Decreased by -18.2% to $17,297 thousand, from $21,159 thousand .
• Adjusted Net Margin: Decreased to 5.2%, from 7.6% .
• Adjusted EBITDA: Increased by 22.7% to $48,739 thousand, from $39,732 thousand .
• Adjusted EBITDA Margin: Increased to 14.7%, from 14.3% .

Cash Flow and Balance Sheet Overview (Fiscal Year Ended March 28, 2026)

• Net Cash Provided by Operating Activities: $34,850 thousand, compared to $38,985 thousand in FY25 .
• Operating Free Cash Flow: $19,552 thousand, compared to $25,788 thousand in FY25 .
• Cash and Cash Equivalents: $4,942 thousand as of March 28, 2026 .
• Total Debt: $99,885 thousand as of March 28, 2026, compared to $32,708 thousand on March 29, 2025 .
• Net Debt: $94,943 thousand as of March 28, 2026, compared to $31,191 thousand at the end of the prior fiscal year .
• Leverage Ratio: 2.03 as of March 28, 2026, compared with 0.78 on March 29, 2025 .

Outlook / Guidance

Transcat, Inc. anticipates high single-digit service organic revenue growth for Fiscal 2027, assuming a stable economic environment . This growth is expected to be driven by strong customer retention, increased activity levels, and new business wins within the service segment . The company also plans to leverage strategic M&A, such as the SCM Metrology and Laboratories acquisition, to expand its geographic reach and foster future organic service revenue growth .