Slide 1: Q1 Financial Results Fiscal 2026
NASDAQ: TRNS Q1 Financial Results Fiscal 2026 Lee D. Rudow President and CEO Michael W. West Chief Operating Officer Tom L. Barbato Chief Financial Officer August 7, 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: Q1 FY26 Summary
Q1 FY26 Summary • Q1 Revenue grew 15% vs prior year to $76.4M Consolidated • Q1 adjusted EBITDA increased 15% from prior year to $11.8M Results • Q1 Net Income of $3.3M or $0.35 per diluted share • Closed new 5-Year $150M syndicated secured credit facility • Q1 Service Revenue increased 12% to 49.1M
Slide 4: Essco Calibration Laboratory
Essco Calibration Laboratory New England Market Leader in Calibration Services ✓ Largest deal in Transcat history - $84 million cash purchase ✓ Transaction was supported by new $150 million syndicated credit facility jointly led by M&T Bank and Wells Fargo Bank ✓ Operating for over 50 years, Essco h
Slide 5: Revenue
Revenue ($ in millions) Service Segment Distribution Segment Consolidated 12% 19% $27.3 15% $76.4 $49.1 $22.9 $43.8 $66.7 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 • Consolidated revenue up 15% from prior year to $76.4M as both segments grew double-digits • Service revenue growth of 12% despit
Slide 6: Gross Profit and Margin
Gross Profit and Margin ($ in millions) Service Segment Distribution Segment Consolidated 9% 24% 14% $25.8 $22.7 $14.9 $16.2 $9.6 $7.8 34.0% 33.0% 33.9% 35.2% 34.0% 33.8% Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 • Consolidated Gross Profit of $25.8M increased 14% from prior year • Service Gro
Slide 7: Net Income, Diluted EPS, Adjusted Diluted EPS*
Net Income, Diluted EPS, Adjusted Diluted EPS* ($ in millions, except EPS) Net Income Diluted EPS Adjusted EPS* $4.4 $0.48 $0.68 $0.59 $3.3 $0.35 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 • Net Income of $3.3M decreased 26.0% from prior year driven by higher interest expense and taxes • Dilute
Slide 8: Adjusted EBITDA* and Margin
Adjusted EBITDA* and Margin ($ in millions) Service Segment Distribution Segment Consolidated -1% 49% 15% $11.8 $10.2 $7.0 $6.9 $4.8 $3.2 15.9% 14.1% 14.2% 17.7% 15.3% 15.4% Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 • Consolidated adjusted EBITDA grew 15% to $11.8M with 10bps margin expansion
Slide 9: Operating Free Cash Flow
Operating Free Cash Flow ($ in millions) Three Months Ended • Operating Free Cash Flow lower vs prior year related to timing of payments Note: Components may not add to totals June 28 June 29 due to rounding 2025 2024 • Capital expenditures remain focused on Net cash provided by Service capabilities
Slide 10: Balance Sheet Supports Growth Strategy
Balance Sheet Supports Growth Strategy ($ in millions) Capitalization Note: Components may not add to totals June 28 June 29 due to rounding 2025 2024 • 0.82x leverage ratio at quarter-end Cash, cash equivalents, & (Total debt to TTM Adjusted EBITDA*) $1.9 $22.7 marketable securities Total debt 34.4
Slide 11: Outlook*
Outlook* 2026 Expectations Service segment: We expect progressively improving service organic revenue growth in 2026 and anticipate a return to high single-digit service organic revenue growth in the second half of 2026, barring any further economic uncertainty. Total Transcat: We expect the fiscal
Slide 12: Questions & Answers
Questions & Answers NASDAQ: TRNS Q1 Financial Results Fiscal 2026 Investor Relations Chris Tyson Executive Vice President MZ Group - MZ North America 949-491-8235 TRNS@mzgroup.us TRANSCAT, INC 35 Vantage Point Drive August 7, 2025 Rochester, NY 14624
Slide 13: Conference Call and Webcast Playback
Conference Call and Webcast Playback • Replay Number: 844-512-2921 (US & Canada) 412-317-6671 (international) passcode: 11159645 Telephone replay available through Tuesday, August 14th, 2025 • Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1727811&tp_key=beaff2fcef • Webcast / Presentation /
Slide 14: Supplemental Information
Supplemental Information 14
Slide 15: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation ($ in thousands) FY 2025 Q1 FY 2026 Q1 Net Income $ 4,408 $ 3,261 + Interest Expense / (Income), net (260) 440 + Tax Provision 820 1,304 + Depreciation & Amortization 4,113 5,605 + Transaction Expense 434 28 + Noncash Stock Compensation 697 1,130 Adjusted EBITDA $10,21
Slide 16: Segment Adjusted EBITDA Reconciliation
Segment Adjusted EBITDA Reconciliation ($ in thousands) FY 2025 Q1 FY 2026 Q1 Service Operating Income $ 4,091 $ 2,567 + Depreciation & Amortization 2,402 3,763 + Transaction Expense 146 28 + Acquisition Earn-Out Adjustment - + Other (Expense) / Income (96) (230) + Noncash Stock Compensation 421 802
Slide 17: Adjusted Diluted EPS Reconciliation
Adjusted Diluted EPS Reconciliation ($ in thousands) ($ in thousands except per share data) FY 25 Q1 Q1 FY 26 GAAP Net Income $ 4,408 $ 3,261 Add back (deduct) $ 1,831 $ 2,263 Amortization of Intangibles 1,749 2,844 Acquisition deal costs 434 28 Acq Stock Expense 234 145 Acquisition Amortization of