Transcat, Inc. has announced the retirement of its Chief Executive Officer, Lee D. Rudow, who will step down in March 2026 and remain a strategic advisor to the company until 2027. The company has also reaffirmed its positive outlook for fiscal year 2026.
Under Rudow's leadership, Transcat has experienced unprecedented growth and transformative acquisitions, positioning the company for a promising future. This is evidenced by the recent strong financial performance, expanded balance sheet, and a track record of executing transformative acquisitions.
Transcat's Chief Financial Officer, Tom Barbato, highlighted the company's solid financial performance to date, with the acquisitions of Martin Calibration and Essco within twelve months demonstrating the strength and focus of the team. He also expressed confidence in returning to high single-digit service organic revenue growth in the second half of fiscal 2026, citing the expanded balance sheet and diversified portfolio as key factors.
The company's commitment to a thorough and timely search for the next CEO, while remaining focused on delivering value for all stakeholders, has been emphasized. This commitment, combined with Lee Rudow's continued leadership until the transition, is expected to ensure a smooth change in leadership and position the company well for the future.
Transcat, Inc. is a leading provider of accredited calibration, reliability, maintenance optimization, quality and compliance, validation, computerized maintenance management system (CMMS), and pipette services. The company operates in highly regulated industries, including life sciences, aerospace and defense, and energy and utilities, and provides services across the United States, Puerto Rico, Canada, and Ireland.
The company's strategy is to leverage its strong brand and unique value proposition to drive organic sales growth, expand its addressable calibration market through acquisitions, and further realize the inherent leverage of its business model.
The market has reacted to these announcements by moving the company's shares 0.85% to a price of $91.20. Check out the company's full 8-K submission here.
