Transcat raised its FY2027 service organic growth outlook to low double digits and is targeting at least 100 bps of service gross margin expansion in 2H. Management pointed to strong service organic g

What happened: Transcat raised its FY2027 service organic growth outlook to low double digits and is targeting at least 100 bps of service gross margin expansion in the second half. Key numbers: FY2027 service organic growth outlook raised to low double digits; at least 100 bps service gross margin expansion targeted in 2H; results reported for Q2 fiscal 2027. Why it matters: Management said the fiscal second quarter delivered very strong results across each pillar of its core strategy, citing service organic growth, expanding service gross margins, acquisitions, and rentals.

Transcat raised its FY2027 service organic growth outlook to low double digits and is targeting at least 100 bps of service gross margin expansion in the second half.

Management said the fiscal second quarter delivered very strong results across each pillar of its core strategy, citing service organic growth, expanding service gross margins, acquisitions, and rentals.