Intest Stock Price, News & Analysis

inTEST Corporation reported a 12% organic revenue growth year-over-year, achieving GAAP earnings per diluted share of $0.20 and non-GAAP adjusted earnings of $0.25. The company experienced a 23% sequential growth in revenue and a record backlog of $46 million. Demand surged across key markets, with significant order growth of 61.7% year-over-year. Despite ongoing supply chain constraints, inTEST expects 2022 revenue between $110 million to $115 million, supported by strong customer demand and strategic acquisitions.

inTEST Corporation (NYSE American: INTT) announces the release of its second quarter 2022 financial results scheduled for August 4, 2022, after market close. The company will hold a conference call at 4:45 p.m. ET the same day, including a Q&A session. inTEST provides innovative testing and process solutions in sectors like automotive, aerospace, industrial, and semiconductor manufacturing. The company aims to grow through organic methods and acquisitions by leveraging engineering expertise and operational excellence.

inTEST Corporation (NYSE American: INTT) has expanded its manipulator product line with the launch of the LSC manipulator, now in full production. This versatile manipulator is designed to support test systems weighing up to 400kg, enhancing floor space efficiency while complementing existing products. The LSC's compatibility with probers and vertical plane handlers, along with its cost-effective solution for mid-weight Automated Test Equipment, positions inTEST advantageously in various markets, including automotive and semiconductor.

inTEST Corporation (NYSE American: INTT) announced its participation in the Stifel Cross Sector Insight Conference in Boston, MA, on June 8, 2022. President & CEO Nick Grant and CFO Duncan Gilmour will present at 9:45 a.m. Eastern Time. A live webcast and presentation materials will be accessible on the company's investor relations site. inTEST provides innovative test and process solutions for various industries, including automotive, defense/aerospace, and semiconductor manufacturing, capitalizing on decades of engineering expertise.

inTEST Corporation (NYSE American: INTT) reported a revenue increase to $24.1 million for Q1 2022, with GAAP earnings per diluted share at $0.05 and non-GAAP adjusted earnings at $0.12. Orders totaled $25.1 million, boosting a record backlog of $35.0 million. Despite supply chain issues impacting revenue by approximately $1 million, demand remains strong, particularly in the automotive and life sciences sectors. The company maintains its full-year outlook of $110 million to $115 million revenue, anticipating growth of over 30%.

inTEST Corporation has launched a new Ambrell Applications Laboratory in Monterrey, Mexico, enhancing access to its induction heating technology for the Latin American market. This facility, established in collaboration with EPGA Induction, will provide regional customers opportunities to test and develop solutions tailored to their production needs. The induction heating systems range from 500 W to 1,000 kW and support various applications like brazing and heat treating. An Open House event is scheduled for May 6th to showcase these capabilities.

inTEST Corporation (NYSE American: INTT) has announced that President & CEO Nick Grant and CFO Duncan Gilmour will present at the Annual Sidoti Virtual Micro Cap Conference on May 11, 2022, at 8:30 a.m. Eastern Time. A live webcast of the presentation will be accessible on their investor relations website, along with materials for attendees. inTEST specializes in innovative test and process solutions across various sectors, including automotive, defense, and semiconductor manufacturing, aiming for organic growth through technology and market expansion.

inTEST Corporation (NYSE American: INTT) will release its first quarter 2022 financial results on May 6, 2022, before market opening. The company will hold a conference call and webcast at 8:30 a.m. ET to discuss its results and corporate strategies. A replay of the call will be available until May 13, 2022. inTEST specializes in test and process solutions for manufacturing across various sectors, emphasizing operational excellence and innovative technologies.

inTEST Corporation, a global supplier in manufacturing and testing solutions, has announced a corporate reorganization and promoted three division leaders to corporate officers. The company aims to achieve a revenue goal between $200 million and $250 million by 2025, supported by organic growth and acquisitions. President & CEO Nick Grant emphasized progress in their 5-Point Strategy, aimed at increasing operational efficiency and collaboration. The investor day event will provide insights into their achievements and future financial targets.