inTEST Updates Full Year 2024 Guidance Due To Alfamation Acquisition; Boosts 2024 Revenue Outlook From $125M-$130M To $145M-$155M; Est $125.795M

3/12/24 4:23:52 PM ET

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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.

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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 to Participate in Upcoming Investor Conferences
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
11/21/24 4:15:00 PM ET
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inTEST Corporation to Present at the Southwest IDEAS Conference
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
11/13/24 4:15:00 PM ET
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inTEST Achieves 46.3% Gross Margin for Third Quarter 2024
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
11/1/24 6:15:00 AM ET
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inTEST Appoints Michael Goodrich as President, Process Technologies Division
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
1/16/24 9:13:00 AM ET
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inTEST Appoints Michael Tanniru as President of Environmental Technologies Division
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
5/2/23 8:30:00 AM ET
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inTEST Names Meghan Blount Vice President of Human Resources
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
2/22/22 4:15:00 PM ET
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inTEST Schedules Third Quarter 2024 Financial Results Conference Call and Webcast
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.
10/25/24 8:30:00 AM ET
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inTEST Schedules Second Quarter 2024 Financial Results Conference Call and Webcast
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.
7/25/24 4:15:00 PM ET
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inTEST Reports $29.8 Million in Revenue for First Quarter 2024
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
5/6/24 4:07:00 PM ET
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inTEST Updates Full Year 2024 Guidance Due To Alfamation Acquisition; Boosts 2024 Revenue Outlook From $125M-$130M To $145M-$155M; Est $125.795M

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inTEST Corporation to Participate in Upcoming Investor Conferences

inTEST Corporation to Present at the Southwest IDEAS Conference

inTEST Achieves 46.3% Gross Margin for Third Quarter 2024

$INTT Insider Trading

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Director Abrams Steven J gifted 2,250 shares (SEC Form 4)

President & CEO Grant Richard N. Jr. sold $47,312 worth of shares (6,788 units at $6.97), decreasing direct ownership by 4% to 164,929 units (SEC Form 4)

Director Dews Joseph W Iv bought $74,120 worth of shares (10,900 units at $6.80), increasing direct ownership by 12% to 105,250 units (SEC Form 4)

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Director Dews Joseph W Iv bought $74,120 worth of shares (10,900 units at $6.80), increasing direct ownership by 12% to 105,250 units (SEC Form 4)

Director Maginnis Gerald J. bought $11,235 worth of shares (1,750 units at $6.42), increasing direct ownership by 3% to 61,500 units (SEC Form 4)

inTEST Corp downgraded by Northland Capital

Northland Capital initiated coverage on inTEST Corp with a new price target

$INTT SEC Filings

Amendment: SEC Form SCHEDULE 13G/A filed by inTest Corporation

SEC Form 10-Q filed by inTest Corporation

inTest Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$INTT Leadership Updates

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inTEST Appoints Michael Goodrich as President, Process Technologies Division

inTEST Appoints Michael Tanniru as President of Environmental Technologies Division

inTEST Names Meghan Blount Vice President of Human Resources

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inTEST Launches Innovative Hover Sense Non-Contact Probe Testing Technology For Electric Vehicle Battery Testing

Lake Street Maintains Buy on inTest, Lowers Price Target to $16

InTest Cuts FY24 Revenue From $145M-$155M To $140M-$150M Vs $149.797M Est.

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inTEST Schedules Third Quarter 2024 Financial Results Conference Call and Webcast

inTEST Schedules Second Quarter 2024 Financial Results Conference Call and Webcast

inTEST Reports $29.8 Million in Revenue for First Quarter 2024

Amendment: SEC Form SC 13G/A filed by inTest Corporation

Amendment: SEC Form SC 13G/A filed by inTest Corporation

SEC Form SC 13G filed by inTest Corporation

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