Transcat, Inc. is a provider of accredited calibration services, asset management, and distribution of professional test and measurement instruments, serving highly regulated industries including life sciences, aerospace, and energy.

# Company Overview: Transcat, Inc.

## Business Focus
- **Primary Services:**
  - Accredited calibration services for various instruments and equipment
  - Cost control and optimization services
  - Distribution and rental of professional-grade handheld test, measurement, and control instrumentation

- **Industries Served:**
  - Highly regulated industries, especially:
    - Life sciences (pharmaceutical, biotechnology, medical devices)
    - FDA-regulated businesses
    - Industrial manufacturing
    - Energy and utilities (including oil and gas)
    - Chemical manufacturing
    - FAA-regulated sectors (aerospace and defense)
    - Other industries requiring precise measurements and high reliability

## Operating Segments
- **Service Segment:**
  - Provides calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting, and related services
  - Operates 33 Calibration Service Centers across U.S., Puerto Rico, Canada, Ireland
  - Offers onsite services at customer facilities
  - Maintains embedded customer sites (“client-based labs”)
  - Fleet of mobile calibration units
  - All centers are ISO/IEC 17025:2017 accredited
  - Manages approximately **850,000–900,000 calibrations annually**
  - Revenue from Transcat Solutions (asset management services for biopharmaceutical firms)
    - Provides asset management, reliability, CMMS, quality, CQV services
  
- **Distribution Segment:**
  - Sells and rents over 75,000 products from approximately 400 brands
  - Products include test, measurement, and control instruments
  - Offers used equipment sales, equipment kitting, and rentals
  - Delivers immediate operational readiness by calibrating instruments before shipment
  - Serves global customers

## Key Metrics
- **Number of Customers:** Approximately **30,000**
- **Customer Overlap:** 20–25% of customers transact with both segments
- **Employees:** **1,245** as of March 29, 2025
  - **1,123** in the U.S.
  - **121** outside the U.S.
- **Revenue (FY 2025):** **$278.4 million**
  - Service segment: **$181.4 million**
  - Distribution segment: **$97.0 million**
- **Net Income (FY 2025):** **$14.5 million**
- **Earnings Per Share (FY 2025):** **$1.57** (diluted)

## Business Strategy
- Leverage the complementary nature of the two segments to add value
- Focus on organic growth through market share and acquisitions
- Expand in highly regulated markets where compliance and high-quality calibration are mandated
- Use proprietary software (CalTrak® and C3®) for calibration management and documentation
- Cross-sell services and products between segments
- Grow distribution through new vendors, product lines, rentals, and used equipment
- Acquire businesses to expand geographic reach, capabilities, and infrastructure leverage

## Recent Acquisitions (FY 2024 & FY 2025)
- **FY 2025:**
  - Martin Calibration (Minneapolis, MN)
  - Becnel Rental Tools (Louisiana)
- **FY 2024:**
  - Axiom Test Equipment (California)
  - SteriQual (Florida)
  - TIC-MS (Missouri)

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This summary highlights what Transcat, Inc. explicitly states about its operations, customer base, employee count, revenue, and income.

Transcat, Inc. is a leading provider of calibration services, cost control optimization services, and the distribution and rental of professional-grade test and measurement instruments, primarily serving highly regulated industries like life sciences.

# Transcat, Inc. Overview

## Business Operations
Transcat, Inc. is a leading provider of calibration services, cost control optimization services, and the distribution and rental of professional-grade handheld test, measurement, and control instruments. The company focuses on highly regulated industries, particularly the life sciences sector, which includes pharmaceutical, biotechnology, and medical device manufacturing.

### Operating Segments
Transcat operates through two primary segments:

1. **Service Segment:**
   - Offers accredited calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting, and other related services.
   - Operates 29 Calibration Service Centers located across the United States, Puerto Rico, Canada, and Ireland.
   - Provides a variety of service delivery options, including in-house services, periodic onsite services, client-based laboratories, and mobile calibration services.
   - Utilizes proprietary asset management systems, CalTrak® and C3®, for efficient management and customer interface.

2. **Distribution Segment:**
   - Distributes more than 150,000 test, measurement, and control instruments from approximately 450 leading brands globally.
   - Offers calibration services at the time of sale and other value-added services, including rentals and used equipment sales.
   - Engages directly with customers through multiple channels, including an online platform.

## Customer Base
- Serves approximately **30,000 customers** across various sectors:
  - Life sciences/pharmaceutical
  - Energy and utilities
  - Aerospace and defense
  - Industrial manufacturing
  - Chemical manufacturing
- Approximately **20% to 25%** of these customers engage with both service and distribution segments.

## Financial Metrics
- As of **March 30, 2024**, Transcat employed **1,104 employees** (976 in the U.S. and 128 outside the U.S.).
- The company focuses on organic revenue growth and acquisitions as the primary strategies for enhancing service offerings and market reach.
- No customer accounted for **5% or more** of total revenue in fiscal years 2024 and 2023.
  
### Recent Acquisitions
Transcat has actively pursued acquisitions to bolster its business:
- **Fiscal Year 2024** included the acquisition of **Axiom Test Equipment, Inc.**, **SteriQual, Inc.**, and **TIC-MS, Inc.**.
- **Fiscal Year 2023** included acquisitions such as **Elite Calibration, LLC**, **Galium Limited (Complete Calibrations)**, and **Alliance Calibration**.

## Revenue and Growth Strategy
Transcat emphasizes a combination of organic growth through customer acquisition and retention alongside strategic acquisitions aimed at geographic expansion and capability enhancement. The company has prioritized capital investments as part of its "Operational Excellence" initiative to improve productivity and operational efficiency.

Transcat's robust focus on quality and regulatory compliance, especially in life science and FDA-regulated environments, positions it uniquely in the marketplace, aiming for both revenue and earnings growth in the upcoming fiscal years. 

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This summary outlines Transcat, Inc.'s core business operations, customer engagement, workforce, and growth strategies, providing a comprehensive look at the company's operational framework and market positioning.

TRANSCAT INC

10-K / May 27, 2025

10-K / May 28, 2024

10-K / May 27, 2025

Company Overview: Transcat, Inc.

Business Focus

Operating Segments

Key Metrics

Business Strategy

Recent Acquisitions (FY 2024 & FY 2025)