inTEST Reports $29.8 Million in Revenue for First Quarter 2024
inTest Corporation (INTT)
Last intest corporation earnings: 2/28 07:00 am
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US:NASDAQ Investor Relations:
ir.intest.com/investor-relations
Company Research
Source: Business Wire
Sequentially first quarter revenue increased 7%, or $1.9 million, including $1.4 million in revenue from the Alfamation acquisitionCompared 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 salesEarnings per diluted share was $0.05 while adjusted earnings per diluted share1 was $0.10Generated $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 acquisitionAdjusting full year revenue expectation to $140 million to $150 million which represents 18% growth over 2023 at the mid-point of the range 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
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INTT
News
- inTEST Co. (NYSE: INTT) had its price target lowered by analysts at Lake Street Capital from $19.00 to $16.00. They now have a "buy" rating on the stock.MarketBeat
- InTest Corporation (INTT) Q1 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- inTEST Extends Maturity Date of Borrowing Agreement to 2031Business Wire
- inTEST Corporation Launches Leading-Edge Benchtop Temperature Test SystemBusiness Wire
- inTEST Schedules First Quarter 2024 Financial Results Conference Call and WebcastBusiness Wire
INTT
Earnings
- 5/6/24 - Beat
INTT
Sec Filings
- 5/14/24 - Form 8-K/A
- 5/9/24 - Form 10-Q
- 5/6/24 - Form 8-K
- INTT's page on the SEC website