$TRNS

TRANSCAT INC

CIK:0000099302|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Total Revenue	$ 92,945	$ 76,424
Total Cost of Revenue	62,211	50,603
Gross Profit	30,734	25,821
Selling, Marketing and Warehouse Expenses	11,374	9,515
General and Administrative Expenses	15,641	10,968
Total Operating Expenses	27,015	20,483
Operating Income	3,719	5,338
Interest Expense	1,518	451
Interest Income	(3)	(11)
Other Expense	19	333
Total Interest and Other Expense, net	1,534	773
Income Before Provision for Income Taxes	2,185	4,565
Provision for Income Taxes	854	1,304
Net Income	$ 1,331	$ 3,261
Basic Earnings Per Share (in dollars per share)	$ 0.14	$ 0.35
Basic Average Shares Outstanding (in shares)	9,353	9,317
Diluted Earnings Per Share (in dollars per share)	$ 0.14	$ 0.35
Diluted Average Shares Outstanding (in shares)	9,473	9,389
Service Revenue
Total Revenue	$ 62,559	$ 49,144
Total Cost of Revenue	41,381	32,935
Distribution Revenue
Total Revenue	30,386	27,280
Total Cost of Revenue	$ 20,830	$ 17,668

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Cash Flows from Operating Activities:
Net Income	$ 1,331	$ 3,261
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net Loss on Disposal of Property and Equipment	45	54
Noncash Lease Expense	1,599	915
Deferred Income Taxes	2	24
Depreciation and Amortization	6,959	5,605
Amortization of Deferred Financing Costs	38	0
Provision for Accounts Receivable and Inventory Reserves	115	118
Stock-Based Compensation Expense	1,978	1,130
Changes in Assets and Liabilities, net of acquisitions:
Accounts Receivable and Other Receivables	(1,264)	(1,214)
Inventory	407	(745)
Prepaid Expenses and Other Current Assets	1,537	1,737
Accounts Payable	1,790	(3,300)
Accrued Compensation and Other Current Liabilities	(4,152)	(3,423)
Lease Liabilities	(1,567)	(915)
Income Taxes Payable	0	376
Net Cash Provided by Operating Activities	8,817	3,623
Cash Flows from Investing Activities:
Purchase of Property and Equipment	(3,982)	(4,598)
Business Acquisitions, net of cash acquired	(12,808)	0
Net Cash Used in Investing Activities	(16,790)	(4,598)
Cash Flows from Financing Activities:
Proceeds From Revolving Credit Facility, net of lender fees	20,835	31,690
Repayment of Revolving Credit Facility	(10,335)	(29,399)
Repayments of Term Loan	0	(602)
Issuance of Common Stock, net of direct costs	1,161	257
Repayment of Financing Leases	(84)	0
Repurchase of Common Stock	(1,855)	0
Net Cash Provided by Financing Activities	9,722	1,946
Effect of Exchange Rate Changes on Cash and Cash Equivalents	18	(627)
Net Increase in Cash and Cash Equivalents	1,767	344
Cash and Cash Equivalents at Beginning of Period	4,942	1,517
Cash and Cash Equivalents at End of Period	6,709	1,861
Supplemental Disclosure of Cash Flow Activity:
Interest, net	1,219	457
Income Taxes, net	(70)	(180)
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Purchases of Property and Equipment in Accounts Payable	332	0
Operating Lease Assets Obtained in Exchange for Operating Lease Liabilities	25	6,594
Balance Sheet Reclassification of Inventory to Property and Equipment	42	234
Balance Sheet Reclassification of Property and Equipment, net to Inventory	$ 457	$ 210

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 27, 2026	Mar. 28, 2026
Current Assets:
Cash and Cash Equivalents	$ 6,709	$ 4,942
Accounts Receivable, less allowance for credit losses of $936 and $851 as of June 27, 2026 and March 28, 2026, respectively	66,748	65,170
Other Receivables	727	672
Inventory	14,777	13,705
Prepaid Expenses and Other Current Assets	6,773	7,973
Total Current Assets	95,734	92,462
Property and Equipment, net	58,368	57,801
Goodwill	226,808	218,185
Intangible Assets, net	78,194	77,706
Right to Use Assets	31,801	32,365
Other Assets	1,723	1,968
Total Assets	492,628	480,487
Current Liabilities:
Accounts Payable	20,302	17,931
Accrued Compensation and Other Current Liabilities	18,115	21,697
Total Current Liabilities	38,417	39,628
Long-Term Debt	110,385	99,885
Deferred Tax Liabilities, net	11,361	10,167
Lease Liabilities	28,391	29,000
Other Liabilities	1,175	1,188
Total Liabilities	189,729	179,868
Commitments and Contingencies (Note 6)
Shareholders' Equity:
Common Stock, par value $0.50 per share, 30,000,000 shares authorized; 9,359,263 and 9,333,953 shares issued and outstanding as of June 27, 2026 and March 28, 2026, respectively	4,680	4,670
Capital in Excess of Par Value	200,629	199,115
Accumulated Other Comprehensive Loss	(1,258)	(923)
Retained Earnings	98,848	97,757
Total Shareholders' Equity	302,899	300,619
Total Liabilities and Shareholders' Equity	$ 492,628	$ 480,487