Transcat FY27 Q1 net income drops 59.2% to $1.33 million; revenue rises 21.6% to $92.9 million
TRNS•Transcat reports fiscal Q1 2027 results
- Transcat fiscal Q1 2027 net income fell 59.2% to USD 1.33 million as revenue climbed 21.6% to USD 92.95 million.
- GAAP diluted EPS dropped to USD 0.14 from USD 0.35; operating income declined 30.3% to USD 3.72 million.
- Service revenue rose 27.3% to USD 62.56 million; service gross margin widened 0.9 percentage point to 33.9%.
- Distribution revenue increased 11.4% to USD 30.39 million; distribution gross margin narrowed 3.8 percentage points to 31.4% on mix.
- Management forecast fiscal 2027 service organic revenue growth in the high single-digits, with service gross margin expansion if conditions remain stable.
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