Slide 1: Q4 Financial Results Fiscal 2025
Q4 Financial Results Fiscal 2025 May 20, 2025 Lee D. Rudow President and CEO Michael W. West Chief Operating Officer Tom L. Barbato Chief Financial Officer NASDAQ: TRNS 1
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: Q4 FY25 and Full Year FY25 Summary
Q4 FY25 and Full Year FY25 Summary • Q4 Revenue grew 9% vs prior year to $77.1M, full year Revenue grew 7% Consolidated • Adjusted EBITDA* increased 9% from prior year to $12.7M in Q4 Results • Full year Net Income of $14.5M or $1.57 per diluted share • Service Revenue increased 11% in Q4 and 7% for
Slide 4: Revenue
Revenue ($ in millions) Service Segment Distribution Segment Consolidated 11% $52.0 4% $25.1 9% $77.1 $46.7 $24.2 $70.9 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 • Consolidated revenue up Q4 9% and FY 7% Full Year Consolidated despite one less week in fiscal 2025 7% $278.4 $259.5 • Service rev
Slide 5: Gross Profit and Margin
Gross Profit and Margin ($ in millions) Service Segment Distribution Segment Consolidated 13% -3% 8% $25.9 $24.0 $18.8 $7.3 $7.1 $16.7 35.7% 36.2% 30.3% 28.2% 33.9% 33.6% Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 • Consolidated Gross Profit of $25.9M for Q4 increased 8% Full Year Consolidated
Slide 6: Net Income, Diluted EPS, Adjusted Diluted EPS
Net Income, Diluted EPS, Adjusted Diluted EPS* ($ in millions, except EPS) Net Income Diluted EPS Adjusted EPS* $6.9 $0.77 $0.66 $0.64 $4.5 $0.48 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Full Year Net Income • Q4 Adjusted EPS of $0.64 vs $0.66 prior year $13.6 $14.5 • Full year Net Income $14
Slide 7: Adjusted EBITDA and Margin
Adjusted EBITDA* and Margin ($ in millions) Service Segment Distribution Segment Consolidated 16% -13% $11.7 9% $12.7 $10.2 $2.9 $8.7 $2.6 18.7% 19.6% 12.2% 10.2% 16.5% 16.5% Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Full Year Consolidated 3% • Consolidated adjusted EBITDA grew Q4 9% and full
Slide 8: Operating Free Cash Flow
Operating Free Cash Flow ($ in millions) Twelve Months Ended • Operating Free Cash Flow significantly Note: Components may not add to totals March 29 March 30 improved $6.5M vs prior year due to rounding 2025 2024 Net cash provided by • Capital expenditures remain level year $39.0 $32.6 operations o
Slide 9: Balance Sheet Supports Growth Strategy
Balance Sheet Supports Growth Strategy ($ in millions) Capitalization Note: Components may not add to totals March 29 March 30 due to rounding 2025 2024 • 0.78x leverage ratio at quarter-end Cash, cash equivalents, & (Total debt to TTM Adjusted EBITDA*) $1.5 $35.2 marketable securities Total debt 32
Slide 10: Outlook
Outlook* 2026 Expectations Service segment: We expect Service organic revenue growth in 2026 and anticipate high single-digit organic service revenue growth once the macroeconomic environment normalizes Total Transcat: We expect the fiscal 2026 income tax rate to be in the range of 27% to 29%. Mid-t
Slide 11: Questions & Answers
Q4 Financial Results Fiscal 2025 May 20, 2025 Questions & Answers TRANSCAT, INC 35 Vantage Point Drive Rochester, NY 14624 Investor Relations Chris Tyson Executive Vice President MZ Group - MZ North America 949-491-8235 TRNS@mzgroup.us NASDAQ: TRNS 11
Slide 12: Conference Call and Webcast Playback
Conference Call and Webcast Playback • Replay Number: 412-317-6671 passcode: 13753614 Telephone replay available through Tuesday, May 20th, 2025 • Webcast / Presentation / Replay available at https://www.transcat.com/investor-relations 12
Slide 13: Supplemental Information
Supplemental Information 13
Slide 14: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation ($ in thousands) FY 2024 FY 2025 FY 2025 Q4 Q4 Q4 TTM Net Income $ 6,890 $ 4,464 $ 14,515 + Interest Expense / (Income), net (411) 463 (27) + Other Expense / (Income) 11 221 (425) + Tax Provision 2,714 1,792 3,811 Operating Income $ 9,204 $ 6,940 $ 17,874 + Depreciatio
Slide 15: Segment Adjusted EBITDA Reconciliation
Segment Adjusted EBITDA Reconciliation ($ in thousands) FY 2024 Q4 FY 2025 Q4 Service Operating Income $ 8,144 $ 5,976 + Depreciation & Amortization 2,280 3,774 + Transaction Expense (44) 11 + Acquisition Earn-Out Adjustment (2,357) (256) + Other (Expense) / Income (18) (133) + Noncash Stock Compens
Slide 16: Adjusted Diluted EPS Reconciliation
Adjusted Diluted EPS Reconciliation ($ in thousands) ($ in thousands except per share data) FY 24 Q4 FY 25 Q4 GAAP Net Income $ 6,890 $ 4,464 Add back (deduct) $ (979) $ 1,475 Amortization of Intangibles 1,447 2,906 Acquisition deal costs 81 34 Acq Stock Expense 258 141 Acquisition Amortization of b