Intest Stock Price, News & Analysis

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.

inTEST Corporation (NYSE American: INTT) has launched the North Sciences brand via its thermal segment subsidiary, inTEST Thermal Solutions. This new line of products, stemming from the acquisition of Z-Sciences in October 2021, includes enhanced cold storage solutions for biomedical applications. The Eco-friendly ThermoStream Systems, designed for energy efficiency and reliability, highlight cutting-edge technology with temperature ranges from -60°C to 200°C. The company's focus on innovative testing solutions reinforces its status in critical markets such as automotive, aerospace, and life sciences.

inTEST Corporation (NYSE American: INTT) will host its first Investor & Analyst Day on March 24, 2022, in a hybrid format from Philadelphia, PA. The event starts at 9:00 a.m. ET and includes presentations from key executives, such as Nick Grant and Duncan Gilmour, focusing on the Company's 5-Point Strategy for growth. Viewers can submit questions during the event, with a replay and presentation slides available afterward. inTEST specializes in innovative test solutions in sectors like automotive and semiconductor.

inTEST Corporation reported a 50% revenue growth in Q4 2021, driven by demand in the semiconductor, automotive, and life sciences markets, achieving record annual orders of $101.9 million. However, gross margin decreased due to product mix and supply chain constraints. The company announced acquisitions totaling $1.6 million in expenses, affecting operating income.

Revenue for 2022 is projected between $110 million and $115 million, indicating a growth of over 30%.

inTEST Corporation (NYSE American: INTT) announced the appointment of Meghan Blount as Vice President of Human Resources. Blount brings extensive experience in talent management and employee engagement from her previous role at ABB. Nick Grant, inTEST President & CEO, emphasized her importance in advancing corporate culture and strategic initiatives. The company focuses on manufacturing and testing solutions across sectors like automotive and semiconductor, aiming for growth through innovation and acquisitions.