For the fiscal third quarter ended December 2025, Transcat, Inc. reported diluted earnings of $0.26 per share, missing the consensus Zacks estimate of $0.30. This represents a 42% decline from the $0.45 per share posted in the same period last year, driven by continued pressure on service margins and softer demand for calibration equipment. While management highlighted cost-control initiatives and progress on integration of recent acquisitions during the earnings call, variable labor expenses and supply-chain disruptions in critical components weighed on profitability during the quarter.