Transcat, Inc. · NASDAQ:TRNS
Transcat — Q2 FY2026 Earnings Presentation
16 slides from Transcat's earnings presentation, Nov 3, 2025
Slide 1: Q2 Financial Results Fiscal 2026
NASDAQ: TRNS Q2 Financial Results Fiscal 2026 Lee D. Rudow President and CEO Tom L. Barbato Chief Financial Officer November 3, 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than historical fact are forward-looking statements. Forward-looking statements are not statements of historical fact and thus
Slide 3: Q2 FY26 Summary
Q2 FY26 Summary • Q2 Revenue grew 21% vs prior year to $82.3M Consolidated • Q2 adjusted EBITDA increased 37% from prior year to $12.1M Results • Q2 Net Income of $1.3M or $0.14 per diluted share • Closed new 5-Year $150M syndicated secured credit facility • Q2 Service Revenue increased 20% to $52.8
Slide 4: Essco Calibration Laboratory
Essco Calibration Laboratory “We are extremely pleased with the initial results of our most recent acquisition, Essco Calibration. We expect continued strong results from Essco, along with Martin Calibration (acquired Q3 Fiscal 2025), leveraging sales synergies with Transcat.” - Lee D. Rudow, Presid
Slide 5: Revenue
Revenue ($ in millions) Service Segment Distribution Segment Consolidated 20% $52.8 24% 21% $82.3 $29.4 $67.8 $23.7 $44.1 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 • Consolidated revenue up 21% from prior year to $82.3M as both segments grew double-digits • Service revenue growth of 20% despit
Slide 6: Gross Profit and Margin
Gross Profit and Margin ($ in millions) Service Segment Distribution Segment Consolidated 17% 48% 26% $17.0 $26.8 $9.8 $21.2 $6.6 $14.6 33.1% 32.2% 27.9% 33.2% 31.3% 32.5% Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 • Consolidated Gross Profit of $26.8M increased 26% from prior year • Service Gr
Slide 7: Net Income, Diluted EPS, Adjusted Diluted EPS*
Net Income, Diluted EPS, Adjusted Diluted EPS* ($ in millions, except EPS) Net Income Diluted EPS Adjusted EPS* $3.3 $0.35 $0.52 $0.44 $1.3 $0.14 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 • Net Income of $1.3M decreased 61.4% from prior year driven by higher interest expense and taxes • Dilute
Slide 8: Adjusted EBITDA* and Margin
Adjusted EBITDA* and Margin ($ in millions) Service Adjusted Distribution Adjusted Consolidated Adjusted Operating Income Operating Income EBITDA $7.1 $12.1 8% 123% $5.0 37% $8.9 $6.6 $2.2 15.0% 13.5% 9.4% 17.0% 13.1% 14.7% Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 • Consolidated adjusted EBIT
Slide 9: Operating Free Cash Flow
Operating Free Cash Flow ($ in millions) Six Months Ended • Net Cash from operations higher Note: Components may not add September 27, September 28, compared to prior year to totals due to rounding 2025 2024 • Capital expenditures remain Net cash provided by focused on Service $16.5 $15.8 operations
Slide 10: Balance Sheet Supports Growth Strategy
Balance Sheet Supports Growth Strategy ($ in millions) Capitalization Note: Components may not add September 27, March 29, to totals due to rounding 2025 2025 Cash & Cash Equivalents $5.1 $1.5 • 2.25x leverage ratio at quarter- end (Total debt to TTM Adjusted Total Debt 111.9 32.7 EBITDA*) Total net
Slide 11: Outlook*
Outlook* 2026 Expectations Service segment: We expect a return to high single-digit service organic revenue growth in the second half of 2026, barring any further economic uncertainty. Total Transcat: We expect the fiscal 2026 income tax rate to be in the range of 30% to 32%. Mid-to-long Term Outloo
Slide 12: Questions & Answers
Questions & Answers NASDAQ: TRNS Q2 Financial Results Fiscal 2026 Investor Relations Chris Tyson Executive Vice President MZ Group - MZ North America 949-491-8235 TRNS@mzgroup.us TRANSCAT, INC 35 Vantage Point Drive November 3, 2025 Rochester, NY 14624
Slide 13: Conference Call and Webcast Playback
Conference Call and Webcast Playback • Replay Number: 844-512-2921 (US & Canada) 412-317-6671 (international) passcode: 11160191 Telephone replay available through Monday, November 10, 2025 • Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1738343&tp_key=f23bde3eca • Webcast / Presentation / R
Slide 14: Supplemental Information
Supplemental Information 14
Slide 15: Adjusted EBITDA and Operating Income Reconciliation
Adjusted EBITDA and Operating Income Reconciliation ($ in thousands) FY 2026 Q2 FY 2025 Q2 Net Income $ 1,269 $ 3,286 + Interest Expense / (Income), net 1,264 (210) + Tax Provision 760 427 + Depreciation & Amortization 6,487 4,399 + Transaction Expense 496 32 + Other (Expense) / Income, net - 1 + No
Slide 16: Adjusted Diluted EPS Reconciliation
Adjusted Diluted EPS Reconciliation ($ in thousands) ($ in thousands except per share data) FY 26 Q2 FY 25 Q2 GAAP Net Income $ 1,269 $ 3,286 Add back (deduct) $ 2,886 $ 1,541 Amortization of Intangibles 3,461 1,888 Acquisition deal costs 496 33 Acq Stock Expense 226 130 Acquisition Amortization of