inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defense/aerospace, energy, industrial, medical, semiconductor, and telecommunications markets worldwide. The company operates in two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS). The Thermal segment offers ThermoStream products that are used in the semi market as a stand-alone temperature management tool, or in various electronic test applications; Thermal Chambers; Thermal Platforms; Thermonics temperature conditioning products that provide tempered gas or fluid to enable customers to maintain desired thermal conditions within their tool or process; and EKOHEAT and EASYHEAT induction heating systems for annealing, bonding, brazing, curing, forging, heat treating, melting, shrink-fitting, soldering, and testing. The EMS segment provides in2, Cobal, and LS series manipulators that hold various test heads and enable an operator to reposition a test head for alternate use with various probers or handlers on a test floor; and docking hardware products, which protect the interface contacts and ensure proper repeatable and precise alignment between the test head's interface board and the prober's probing assembly or the handler's test socket. This segment also offers tester interfaces that provide electrical connections between the tester and the wafer prober or integrated circuit (IC) handler to carry the electrical signals between the tester and the probe card on the prober or the test socket on the handler. Its products are used in production testing of wafers and specialized packaged ICs in back-end testing by semiconductor manufacturers. The company markets and sells its products to semiconductor manufacturers, semiconductor test subcontractors, third-party foundries, test and assembly providers, and original equipment manufacturers. The company was incorporated in 1981 and is headquartered in Mount Laurel, New Jersey.
IPO Year: 1997
Exchange: AMEX
Website: intest.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/5/2024 | Outperform → Market Perform | Northland Capital | |
| 11/21/2022 | $20.00 | Outperform | Northland Capital |
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inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), today announced that Nick Grant, President & CEO, and Duncan Gilmour, Chief Financial Officer, will participate in two upcoming investor conferences. Investor Conference Details: December 3, 2024 – Noble Emerging Growth Equity Conference in Boca Raton, FL; management will present and host one-on-one meetings. A video webcast of the presentation will be available the following day at inTEST Investor Relations, also a
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), today announced that Nick Grant, President & CEO, and Duncan Gilmour, Chief Financial Officer, will present and host investor meetings at the Southwest IDEAS Conference at The Statler in Dallas on Wednesday, November 20, 2024. The Company presentation is scheduled to begin at 7:55 a.m. Central Time. A live audio webcast of the event with accompanying slides will be available at INTT Investor Relations. An archive of the
Gross margin expanded 570 basis points compared with the second quarter 2024 on $3.7 million less revenue; third quarter revenue was $30.3 million Operating income increased sequentially by $0.2 million and operating margin expanded 60 basis points on improved mix, cost actions and operational execution Orders1 grew 5% year-over-year and 7% sequentially to $28.1 million; Alfamation orders improved 21% sequentially Earnings per diluted share was $0.04 while adjusted earnings per diluted share2 was $0.10 Generated $4.2 million in cash from operations in the quarter; paid down $5.3 million in debt and repurchased $1 million in shares inTEST Corporation (NYSE:INTT), a global supplier
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), announced it will release its third quarter 2024 financial results before the opening of financial markets on Friday, November 1, 2024. The Company will host a conference call and webcast that day to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. Third Quarter 2024 Conference Call Friday, November 1, 2024 8:30 a.
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), today announced that Nick Grant, President & CEO, and Duncan Gilmour, Chief Financial Officer, will present on September 24 and host investor meetings on September 25, 2024 at the iAccess Alpha Buyside Best Ideas Virtual Fall Conference. The inTEST presentation is scheduled for Tuesday, September 24, 2024 starting at 10:00 a.m. Eastern Time. A live webcast of the presentation, along with presentation materials, will be a
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), today announced that Nick Grant, President & CEO, and Duncan Gilmour, Chief Financial Officer, will present and host investor meetings at the Midwest IDEAS Conference at The Gwen in Chicago on Thursday, August 29, 2024. The inTEST presentation is scheduled to begin at 10:00 a.m. Central Time. A live webcast of the presentation, along with presentation materials, will be available at intest.com/investor-relations. An arc
Revenue increased 4% year-over-year and 14% sequentially to a record $34.0 million due to the acquisition of Alfamation Market diversification strategy helped to offset continued weakness in semiconductor industry Orders1 improved 15% sequentially to $26.2 million; excluding Alfamation, orders improved 10% sequentially Earnings per diluted share was $0.02 while adjusted earnings per diluted share2 was $0.08 Rightsizing actions result in $1.2 million of annualized savings to be realized beginning in the third quarter Adjusts 2024 guidance to reflect ongoing market conditions inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutio
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), announced it will release its second quarter 2024 financial results before the opening of financial markets on Friday, August 2, 2024. The Company will host a conference call and webcast that day to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. Second Quarter 2024 Conference Call Friday, August 2, 2024 8:30 a.
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), today announced that Nick Grant, President & CEO, and Duncan Gilmour, Chief Financial Officer, will host virtual investor meetings at the Northland Capital Markets Growth Conference on Tuesday, June 25, 2024. Then on Thursday, June 27, 2024, they will present at the Noble Capital Markets Emerging Growth Virtual Equity Conference. The inTEST presentation on Thursday, June 27, 2024, is scheduled to begin at 10:30 a.m. Eas
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), today announced the launch of its Electronic Test Division's latest innovation for electric vehicle (EV) battery testing technology. The Acculogic patent-pending hover sense non-contact technology represents a significant leap forward in validating the quality and reliability of EV battery interconnects. EVs rely heavily on the efficiency and dependability of their battery systems. The systems include numerous cell interc
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Northland Capital downgraded inTEST Corp from Outperform to Market Perform
Northland Capital initiated coverage of inTEST Corp with a rating of Outperform and set a new price target of $20.00
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), announced today the appointment of Michael Goodrich to the position of President, Process Technologies Division. Mr. Goodrich is a global technology leader with proven experience leading international cross-function teams in technology and manufacturing organizations. Nick Grant, President and CEO, commented, "Mike brings the skills and experience in operations, engineering sales and marketing, and importantly in coachi
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), today announced that Michael Tanniru will join inTEST as President of the Environmental Technologies Division effective May 8, 2023. Nick Grant, President and CEO, commented, "Mike brings significant leadership experience to the inTEST executive team with over 22 years of proven success in the process automation, power generation, oil & gas, machine tool, and leak and function test instrumentation industries. Most recen
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing in targeted markets, including automotive, defense/aerospace, industrial, life sciences, security, and semiconductor, today announced the appointment of Meghan Blount as Vice President of Human Resources. "Meghan is a multifaceted professional in human capital and brings broad expertise in talent management, staff development and continuous improvement to inTEST. I believe she will be instrumental in advancing our culture and a key partner in achieving our 5-Point Strategy," commented Nick Grant, inTEST President & CEO. "I have had the opportunity to work with Meg
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing across a wide range of markets, including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications, today announced the appointment of Richard Rogoff to the newly created position of Vice President of Corporate Development effective October 1, 2021. Mr. Rogoff will be a member of the leadership team and report to inTEST's President and CEO Richard N. "Nick" Grant, Jr. He will lead the development and execution of activities in support of the Company's growth strategy, including mergers and acquisitions (M&A), strategic partnerships a
Seasoned Financial Executive Brings Leadership Experience from ABB, Tyco International and PwC MT. LAUREL, N.J., June 11, 2021 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing across a wide range of markets, including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications, today announced the appointment of Duncan Gilmour as its new Chief Financial Officer, Treasurer and Secretary effective June 14, 2021. Mr. Gilmour will succeed Hugh T. Regan, Jr., who is retiring from inTEST after 25 years of service. Mr. Regan will continue to support inTES
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), announced it will release its third quarter 2024 financial results before the opening of financial markets on Friday, November 1, 2024. The Company will host a conference call and webcast that day to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. Third Quarter 2024 Conference Call Friday, November 1, 2024 8:30 a.
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), announced it will release its second quarter 2024 financial results before the opening of financial markets on Friday, August 2, 2024. The Company will host a conference call and webcast that day to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. Second Quarter 2024 Conference Call Friday, August 2, 2024 8:30 a.
Sequentially first quarter revenue increased 7%, or $1.9 million, including $1.4 million in revenue from the Alfamation acquisition Compared with the prior-year period, overall sales declined while the acquisition and growth from diversified markets, specifically industrial and defense/aerospace, helped to offset the weakness in semiconductor sales Earnings per diluted share was $0.05 while adjusted earnings per diluted share1 was $0.10 Generated $2.1 million in cash from operations in the quarter; cash at March 31, 2024 was $27.3 million and reflects the $19 million in cash used for the Alfamation acquisition Adjusting full year revenue expectation to $140 million to $150 mill
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor, announced it will release its first quarter 2024 financial results after the closing of financial markets on Monday, May 6, 2024. The Company will host a conference call and webcast that day to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. First Quarter 2024 Conference Call Monday, May 6, 2024 4:45 p.m. Eastern Time
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor, announced it will release its fourth quarter and full year 2023 financial results after the close of financial markets on Wednesday, March 27, 2024. The Company will also file its Form 10-Q/A for the third quarter and nine-month period ended September 30, 2023, and its Form 10-K for 2023 after market close today. The Company will host a conference call and webcast on Thursday, March 28, 2024, to review its financial and operatin
In line with the Company's 5-Point Strategy, Alfamation augments inTEST's automated test solutions and extends its geographic market reach Alfamation brings strong test equipment engineering and production capabilities for developing innovative test systems and solutions for electronics, micro-optics and optoelectronics manufacturing Designs and manufactures test solutions used for automotive infotainment, telematics and central control systems, as well as biometric monitoring equipment, mobile communications and wafer-level optical components Alfamation's annual revenue of approximately $25 million increases inTEST's scale while providing deeper penetration into key target market
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), announced today that it plans to restate its previously issued consolidated financial statements for the third quarter and nine months ended September 30, 2023. The restatement pertains to deferral of revenue related to purchases on behalf of certain customers associated with "last time buys" of discontinued material/components for potential future orders. Preliminary indications are that the third quarter 2023 restatem
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), announced today that it will reschedule its fourth quarter and full year 2023 earnings release and investor conference call, which was previously scheduled for March 1, 2024. The Company requires additional time to complete the year-end audit and review process. The Company expects to report its results coincident with, or prior to, the filing of its Annual Report on Form 10-K for the year ended December 31, 2023. Preli
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor, announced it will release its fourth quarter and full year 2023 financial results before the opening of financial markets on Friday, March 1, 2024. The Company will host a conference call and webcast that same day to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. Fourth Quarter and Full Year 2023 Conference Call Friday, March 1, 2024 8:3
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor, announced it will release its third quarter 2023 financial results before the opening of financial markets on Friday, November 3, 2023. The Company will host a conference call and webcast that same day to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. Third Quarter 2023 Conference Call Friday, November 3, 2023 8:30 a.m. Eastern Time Phon
inTEST Corporation (NYSE:INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), today announced the launch of its Electronic Test Division's latest innovation for electric vehicle (EV) battery testing technology. The Acculogic patent-pending hover sense non-contact technology represents a significant leap forward in validating the quality and reliability of EV battery interconnects. EVs rely heavily on the efficiency and dependability of their battery systems. The systems include numerous cell interco
Lake Street analyst Jaeson Schmidt maintains inTest (AMEX:INTT) with a Buy and lowers the price target from $19 to $16.
inTest (AMEX:INTT) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.09 by 11.11 percent. This is a 65.52 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $29.824 million which beat the analyst consensus estimate of $29.050 million by 2.66 percent. This is a 6.56 percent decrease over sales of $31.919 million the same period last year.
inTest (AMEX:INTT) reported its Q4 earnings results on Wednesday, March 27, 2024 at 05:07 PM. Here's what investors need to know about the announcement. Earnings inTest beat estimated earnings by 23.0%, reporting an EPS of $0.16 versus an estimate of $0.13. Revenue was down $4.52 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.03 which was followed by a 4.0% drop in the share price the next day. Here's a look at inTest's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.25 0.27 0.26 0.32 EPS Actual 0.28 0.28 0.29 0.34 Revenue Estimate 32.65M 32.10M 31.06M 31.45M Revenue Actual 32.66M 32.56M 31.92
inTest (AMEX:INTT) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.14 by 14.29 percent. The company reported quarterly sales of $27.884 million which missed the analyst consensus estimate of $29.152 million by 4.35 percent. This is a 13.95 percent decrease over sales of $32.405 million the same period last year.
The restatement pertains to deferral of revenue related to purchases on behalf of certain customers associated with "last time buys" of discontinued material/components for potential future orders. Preliminary indications are that the third quarter 2023 restatement is expected to result in a decrease in revenue of approximately $1.7 million. After giving effect to this change, earnings per diluted share for the third quarter 2023 as previously reported is expected to be reduced from $0.24 to $0.19. The deferral of revenue is also expected to have a small impact on previously announced preliminary fourth quarter results. Fourth quarter 2023 revenue is now expected to be approximately $27.9 mi
The acquisition is expected to be dilutive to earnings per diluted share in 2024, but accretive to non-GAAP adjusted EPS due to the anticipated impacts associated with the amortization of intangible assets. Given the timing of the acquisition, the impact to first quarter 2024 results from operations are expected to be nominal.