InTest Announces VISION 2030 Strategy for Growth
InTest (NYSE: INTT) has unveiled its VISION 2030 strategy, building upon the success of its 5-Point Strategy initiated in 2021. The company, which provides innovative test and process technology solutions for semiconductor, automotive/EV, defense/aerospace, life sciences, and safety/security markets, has set ambitious growth targets.
The company has achieved record revenue for three consecutive years through expanding its customer base, geographic reach, innovation initiatives, and service revenue growth. For 2030, InTest has established revenue goals of $235 million to $285 million, expecting:
- 7% to 9% organic growth
- $50 million to $60 million from acquisitions
- Additional $10 million to $20 million growth from future acquisitions
At the revenue goal's mid-point, InTest targets 20% division operating margins and a 10% net income margin.
InTest (NYSE: INTT) ha svelato la sua strategia VISION 2030, costruendo sul successo della sua Strategia a 5 Punti avviata nel 2021. L'azienda, che fornisce soluzioni innovative di test e tecnologia di processo per i mercati dei semiconduttori, automotive/EV, difesa/aerospaziale, scienze della vita e sicurezza, ha fissato obiettivi di crescita ambiziosi.
L'azienda ha raggiunto entrate record per tre anni consecutivi espandendo la propria base clienti, la portata geografica, le iniziative di innovazione e la crescita delle entrate da servizi. Per il 2030, InTest ha stabilito obiettivi di fatturato di 235 milioni a 285 milioni di dollari, prevedendo:
- crescita organica del 7% al 9%
- 50 milioni a 60 milioni di dollari da acquisizioni
- ulteriori 10 milioni a 20 milioni di dollari di crescita da future acquisizioni
Al punto medio dell'obiettivo di fatturato, InTest punta a margini operativi del 20% per divisione e a un margine di reddito netto del 10%.
InTest (NYSE: INTT) ha presentado su estrategia VISION 2030, basándose en el éxito de su Estrategia de 5 Puntos iniciada en 2021. La compañía, que ofrece soluciones innovadoras de tecnología de pruebas y procesos para los mercados de semiconductores, automotriz/EV, defensa/aeroespacial, ciencias de la vida y seguridad, ha establecido ambiciosos objetivos de crecimiento.
La empresa ha logrado ingresos récord durante tres años consecutivos al expandir su base de clientes, su alcance geográfico, sus iniciativas de innovación y el crecimiento de los ingresos por servicios. Para 2030, InTest ha establecido metas de ingresos de 235 millones a 285 millones de dólares, esperando:
- crecimiento orgánico del 7% al 9%
- 50 millones a 60 millones de dólares de adquisiciones
- crecimiento adicional de 10 millones a 20 millones de dólares de futuras adquisiciones
En el punto medio de la meta de ingresos, InTest tiene como objetivo márgenes operativos del 20% por división y un margen de ingreso neto del 10%.
InTest (NYSE: INTT)는 2021년에 시작된 5-포인트 전략의 성공을 바탕으로 VISION 2030 전략을 발표했습니다. 반도체, 자동차/전기차, 방위/항공우주, 생명과학 및 안전/보안 시장을 위한 혁신적인 테스트 및 프로세스 기술 솔루션을 제공하는 이 회사는 야심찬 성장 목표를 설정했습니다.
회사는 고객 기반, 지리적 범위, 혁신 이니셔티브 및 서비스 수익 성장 확대를 통해 3년 연속으로 기록적인 수익을 달성했습니다. 2030년을 위해 InTest는 2억 3천5백만 달러에서 2억 8천5백만 달러의 수익 목표를 설정하고 있으며, 다음과 같은 예상을 하고 있습니다:
- 7%에서 9%의 유기적 성장
- 인수로부터 5천만에서 6천만 달러
- 미래 인수로부터 추가로 1천만에서 2천만 달러의 성장
수익 목표의 중간 지점에서 InTest는 부서 운영 마진 20% 및 순이익 마진 10%을 목표로 하고 있습니다.
InTest (NYSE: INTT) a dévoilé sa stratégie VISION 2030, s'appuyant sur le succès de sa Stratégie en 5 Points lancée en 2021. L'entreprise, qui fournit des solutions technologiques de test et de processus innovantes pour les marchés des semi-conducteurs, de l'automobile/VE, de la défense/aérospatiale, des sciences de la vie et de la sécurité, a fixé des objectifs de croissance ambitieux.
L'entreprise a atteint des revenus record pendant trois années consécutives en élargissant sa base de clients, sa portée géographique, ses initiatives d'innovation et la croissance de ses revenus de services. Pour 2030, InTest a établi des objectifs de revenus de 235 millions à 285 millions de dollars, s'attendant à :
- une croissance organique de 7% à 9%
- 50 millions à 60 millions de dollars provenant d'acquisitions
- une croissance supplémentaire de 10 millions à 20 millions de dollars provenant de futures acquisitions
Au point médian de l'objectif de revenus, InTest vise des marges opérationnelles de 20% par division et une marge de revenu net de 10%.
InTest (NYSE: INTT) hat seine VISION 2030-Strategie vorgestellt, die auf dem Erfolg seiner 5-Punkte-Strategie basiert, die 2021 initiiert wurde. Das Unternehmen, das innovative Test- und Prozesslösungen für die Halbleiter-, Automobil-/EV-, Verteidigungs-/Luft- und Raumfahrt-, Lebenswissenschafts- und Sicherheitsmärkte anbietet, hat ehrgeizige Wachstumsziele gesetzt.
Das Unternehmen hat drei Jahre in Folge Rekordumsätze erzielt, indem es seine Kundenbasis, geografische Reichweite, Innovationsinitiativen und das Wachstum der Dienstleistungsumsätze erweitert hat. Für 2030 hat InTest Umsatzziele von 235 Millionen bis 285 Millionen US-Dollar festgelegt und erwartet:
- 7% bis 9% organisches Wachstum
- 50 Millionen bis 60 Millionen US-Dollar aus Akquisitionen
- Zusätzliche 10 Millionen bis 20 Millionen US-Dollar Wachstum aus zukünftigen Akquisitionen
Am Mittelwert des Umsatzziels strebt InTest 20% operative Margen pro Division und eine 10% Nettomarge an.
- Record revenue achievement for three consecutive years
- Clear revenue growth targets set for 2030 ($235M-$285M)
- Strong projected margins: 20% operating and 10% net income
- Strategic expansion through both organic growth and acquisitions
- Significant reliance on future acquisitions for growth targets
- Ambitious margin targets dependent on successful execution
Defines path for profitable growth through next phase of the transformation of InTest
At the briefing, Nick Grant, President and CEO, and Duncan Gilmour, Chief Financial Officer, will review the Company’s strategic progress and accomplishments since the initiation of its 5-Point Strategy in 2021 and will discuss the goals and priorities of VISION 2030.
Mr. Grant commented, “We have made significant progress since 2021 as we executed on our 5-Point Strategy for growth. We have expanded our customer base, broadened our geographic reach, drove innovation and new product development, increased our service revenue and, importantly, built the team that will take us to the next level. We have delivered record revenue in each of the last three years. We have established a solid foundation from which to drive to the next level by elevating our focus on operational excellence and delivering strong financial performance. We believe that we can create meaningful shareholder value as we continue to transform InTest. We believe we have the team, the processes and the technologies to take us beyond where we are today to our VISION 2030.”
The Company has established its revenue goal for 2030 of
As previously announced, the live video webcast of the Strategy Briefing will begin at 10:30 am ET today and will conclude at approximately 12:30 pm ET. Access to the live webcast may be found on the Investor Relations section of the Company’s website, along with a copy of the slides. The replay and transcript will be posted once available.
Prior to the Strategy Briefing, the InTest executive team will be ringing the opening bell at the New York Stock Exchange. The ceremony can be found on the bell page of the NYSE website.
About InTest Corporation
InTest Corporation is a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets including both the front-end and back-end of the semiconductor manufacturing industry (“semi”), automotive/EV, defense/aerospace, industrial, life sciences and safety/security. Backed by decades of engineering expertise and a culture of operational excellence, InTest solves difficult thermal, mechanical, and electronic challenges for customers worldwide while generating strong cash flow and profits. InTest’s growth strategy leverages these strengths to grow organically and with acquisitions through the addition of innovative technologies, deeper and broader geographic reach, customer penetration and market expansion. For more information, visit https://www.intest.com/.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of the Company’s plans, strategies and intentions, or our future performance or goals, that are based upon management’s current expectations. These forward-looking statements can often be identified by the use of forward-looking terminology such as “believe,” “continue,” “could,” “goal,” “will,” “potential,” “target,” or similar terminology. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, any mentioned in this press release as well as the Company’s ability to execute on its VISION 2030 Strategy, realize the potential benefits of acquisitions and successfully integrate any acquired operations, grow the Company’s presence in its key target and international markets, manage supply chain challenges, convert backlog to sales and to ship product in a timely manner; the success of the Company’s strategy to diversify its markets; the impact of inflation on the Company’s business and financial condition; indications of a change in the market cycles in the semi market or other markets served; changes in business conditions and general economic conditions both domestically and globally including rising interest rates and fluctuation in foreign currency exchange rates; changes in the demand for semiconductors; access to capital and the ability to borrow funds or raise capital to finance potential acquisitions or for working capital; changes in the rates and timing of capital expenditures by the Company’s customers; and other risk factors set forth from time to time in the Company’s Securities and Exchange Commission filings, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 2024. Any forward-looking statement made by the Company in this press release is based only on information currently available to management and speaks to circumstances only as of the date on which it is made. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events, except as required by law.
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InTest Corporation
Duncan Gilmour
Chief Financial Officer and Treasurer
Tel: (856) 505-8999
Investors:
Deborah K. Pawlowski
Alliance Advisors IR
dpawlowski@allianceadvisors.com
Tel: (716) 843-3908
Source: InTest Corporation
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