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12.06.25 - 14:36
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InTest Corporation Announces Leadership Transition in Environmental Technologies Division (Business Wire)
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Changes align with strategic focus on operational efficiency and performance improvementMT. LAUREL, N.J.--(BUSINESS WIRE)--InTest Corporation (NYSE American: INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include semiconductor (“semi”), automotive/EV, defense/aerospace, industrial, life sciences, and safety/security, today announced the appointment of Richard Rogoff as President of its Environmental Technologies Division, effective June 11, 2025. He succeeds Michael Tanniru, who is departing the Company to pursue other opportunities.
“This strategic adjustment to our team supports our efforts to reduce costs, sharpen our operational focus and ensure strong leadership across our businesses,” said Nick Grant, President and CEO. “Rich brings a deep understanding of our strategy, customers, and growth objectives. We are confident he will provide the discipline and direction needed to accelerate performance...
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02.05.25 - 12:21
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InTest Reports $26.6 Million in Revenue and 41.5% Gross Margin for First Quarter 2025 (Business Wire)
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Maintaining strong market position with customers while managing global geopolitical and macroeconomic uncertainty; positioning for stronger earnings when target markets recover
Strong cash generation and balance sheet: generated $5.5 million in cash from operations in first quarter; total debt down $3.2 million from December 31, 2024; cash balances up $2.2 million
Orders1 improved 11%, or $2.6 million, year-over-year reflecting strength in automotive/EV, driven by Alfamation, and a large industrial order for induction heating technology; sequentially orders declined $5.3 million as customers delayed orders due to current market environment
Operating loss for the quarter was $2.9 million reflecting low sales volume
Net loss was $2.3 million; Adjusted EBITDA2 was a loss of $0.9 million
Management driving further actions to improve profitability including cost reductions, consolidations and austerity cost containment
MT. LAUREL, N.J.--(BUSINESS WIRE)--InTest Corporation (NYSE American: INTT), a global suppl...
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17.04.25 - 22:21
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InTest Schedules First Quarter 2025 Financial Results Conference Call and Webcast (Business Wire)
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MT. LAUREL, N.J.--(BUSINESS WIRE)--InTest Corporation (NYSE American: INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include semiconductor (“semi”), automotive/EV, defense/aerospace, industrial, life sciences and safety/security, announced it will release its first quarter 2025 financial results before the opening of financial markets on Friday, May 2, 2025.
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 2025 Conference Call
Friday, May 2, 2025
8:30 a.m. Eastern Time
Phone: (201) 689-8263
Webcast and accompanying slide presentation: InTest.com
A telephonic replay will be available from 12:30 p.m. ET on the day of the call through Friday, May 16, 2025. To listen to the archived call, dial (412) 317-6671 and enter replay pin number 13752647. The ...
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07.03.25 - 12:21
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inTEST Reports Fourth Quarter 2024 Revenue Grew 31% and Operating Income Increased 87% Year-over-Year (Business Wire)
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Achieved record $36.6 million in revenue in fourth quarter; at high end of guidance range
Demonstrated effectiveness of market diversification strategy as improving back-end semi market helped offset weak front-end semi and slow industrial market
One-time acquisition inventory step-up expense1 in fourth quarter negatively impacted margin by 430 basis points resulting in gross margin of 39.7%
Operating income grew 87% year-over-year to $2.1 million, or 5.7% of sales, in the fourth quarter
Net earnings increased 3% to $1.5 million; Adjusted EBITDA2 increased to $4.4 million from $2.4 million in prior-year period, an 82% increase
Orders3 improved 11% year-over-year and 9% sequentially to $30.7 million; backend semi business offset weakness in front-end with orders up 18% year-over-year; sequentially semi orders doubled
Generated $3.8 million in cash from operations in 2024; paid down $7.8 million in debt for the year
MT. LAUREL, N.J.--(BUSINESS WIRE)--inTEST Corporation (NYSE American: INTT), a global suppli...
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07.03.25 - 12:21
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inTEST Corporation Renews Stock Repurchase Plan (Business Wire)
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MT. LAUREL, N.J.--(BUSINESS WIRE)--inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include semiconductor (“semi”), industrial, automotive/EV, life sciences, defense/aerospace and security, today announced that its Board of Directors has renewed its $10 million stock repurchase plan (“the plan”) which has approximately $9 million remaining.
Nick Grant, President and CEO of inTEST Corporation, “Renewing our stock repurchase plan is a confirmation of our belief in the long-term value we are creating through innovative solutions that solve our customers' most challenging problems. It is also a statement of our confidence in our expectations to continue to grow inTEST over time as we deepen our reach into targeted markets, broaden our customer base and expand our geographic presence.”
The Company's board originally authorized the repurchase of its common stock through o...
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20.02.25 - 22:18
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inTEST Schedules Fourth Quarter and Full Year 2024 Financial Results Conference Call and Webcast (Business Wire)
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MT. LAUREL, N.J.--(BUSINESS WIRE)--inTEST Corporation (NYSE American: 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 fourth quarter and full year 2024 financial results before the opening of financial markets on Friday, March 7, 2025.
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.
Fourth Quarter and Full Year 2024 Conference Call
Friday, March 7, 2025
8:30 a.m. Eastern Time
Phone: (201) 689-8263
Webcast and accompanying slide presentation: intest.com
A telephonic replay will be available from 12:30 p.m. ET on the day of the call through Friday, March 14, 2025. To listen to the archived call, dial (412) 317-6671 and enter re...
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25.12.24 - 17:30
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Should Value Investors Buy inTest (INTT) Stock? (Zacks)
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks....
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