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inTEST Corporation - INTT STOCK NEWS

Welcome to our dedicated page for inTEST Corporation news (Ticker: INTT), a resource for investors and traders seeking the latest updates and insights on inTEST Corporation stock.

inTEST Corporation, founded in 1981 in Cherry Hill, New Jersey, is a leader in the design, manufacture, and marketing of products predominantly used by semiconductor manufacturers for testing integrated circuits and wafer products. With a strong presence in the global semiconductor industry, inTEST is renowned for its exceptional service and technical support worldwide.

The company offers a diverse range of product lines such as test head manipulators, docking hardware, tester interfaces, and thermal test systems. These products are essential for the rigorous testing processes required by semiconductor manufacturers to ensure the reliability and functionality of their devices.

inTEST Corporation operates through three main segments: Electronic Test, Environmental Technologies, and Process Technologies. The Electronic Test segment includes semiconductor test equipment, flying probes, and in-circuit testers. The Environmental Technologies segment covers thermal testing, process control, and storage products. The Process Technologies segment features induction heating and video imaging solutions.

Since its initial public offering in 1997, inTEST has utilized its capital to drive internal growth and expand its market presence through strategic acquisitions. Notable acquisitions include TestDesign Corporation in 1998, Temptronic Corporation in 2000, and Thermonics Inc. in 2012. These acquisitions have bolstered inTEST's capabilities and product offerings, allowing them to better serve their diverse customer base.

inTEST Corporation's commitment to innovation and customer satisfaction has led to its prominence in various markets beyond semiconductors. These markets include automotive, defense/aerospace, industrial, medical, and telecommunications. By providing high-quality test and process solutions, inTEST continues to support the development and manufacturing processes of its clients worldwide.

Stay updated with the latest news and announcements from inTEST Corporation to understand their financial performance, new projects, and significant achievements. With their dedication to excellence and continuous improvement, inTEST Corporation remains a key player in the global market for test and process solutions.

News

inTEST Expands Electronic Test Capabilities with Acquisition of Alfamation S.p.A.

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inTEST Corporation (INTT) acquires Alfamation S.p.A., a leading provider of test and measurement solutions for automotive, life sciences, and consumer electronics markets. The acquisition enhances inTEST's test technology solutions, expands market reach, and deepens presence in key markets. Alfamation's annual revenue of $25 million increases inTEST's scale and product portfolio. The acquisition is expected to be accretive in 2025, with projected revenue for 2024 in the range of $145-155 million.
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inTEST to Restate Third Quarter and First Nine Months 2023 Financial Statements

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inTEST Corporation (INTT) plans to restate its financial statements for Q3 and nine months ended September 30, 2023, due to revenue deferral related to discontinued material purchases. The restatement is expected to decrease revenue by $1.7 million, increase deferred revenue by the same amount, and lower net income by approximately $700,000 for Q3 2023. Earnings per diluted share for Q3 2023 are expected to decrease from $0.24 to $0.19. Fourth quarter 2023 revenue is expected to be $27.9 million with net earnings of $1.5 million. The Company will amend and file its 10-Q/A for Q3 2023 and expects to report a material weakness in internal control over financial reporting.
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inTEST Delays Fourth Quarter and Full Year 2023 Earnings Release and Investor Conference Call; Provides Preliminary Fourth Quarter Results and 2024 Guidance

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inTEST Corporation (INTT) reschedules earnings release due to audit completion delay. Q4 2023 revenue at $28.4 million with net earnings of $1.7 million. First quarter 2024 revenue expected at $28-30 million. Full year 2024 revenue projected at $125-130 million.
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inTEST Announces Fourth Quarter and Full Year 2023 Financial Results Conference Call and Webcast

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inTEST Corporation (INTT) to Release Q4 and Full Year 2023 Financial Results on March 1, 2024
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inTEST Appoints Michael Goodrich as President, Process Technologies Division

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inTEST Corporation (INTT) announced the appointment of Michael Goodrich as the President of Process Technologies Division. Goodrich, a global technology leader, brings extensive experience in operations, engineering, sales, marketing, and team building. The company aims to leverage his skills to advance its efforts and drive growth. Goodrich succeeds Scott Nolen, who will be pursuing other opportunities.
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inTEST Corporation Launches Next Generation of Induction Heating Systems

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inTEST Corporation (NYSE American: INTT) introduces the all-new EKOHEAT 2 induction heating products by Ambrell, offering an innovative internal control and power delivery system, Advanced Internal Monitoring™, and digitized control and monitoring of output voltage, power, and resonant frequency. The product line aims to enhance process heating accuracy, reduce system cooling requirements, and improve process heating efficiencies and responsiveness. Orders can be placed today with delivery as early as April 2024.
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inTEST Continues Executing on Five-Point Strategy to Expand Geographically - Establishes Southeast Asia Center of Excellence in Malaysia

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inTEST Corporation (INTT) is establishing a new Center of Excellence in Penang, Malaysia to co-locate sales, engineering, service, and manufacturing for all three of its business divisions. The 25,000 square foot facility will support applications engineering, product development, and localized manufacturing for nearly all inTEST brands. The new regional center aims to bring high-quality, innovative, customer-focused solutions closer to customers in Asia, driving further growth in the region. Currently, Asia–Pacific represents approximately 35% of revenue for the Company primarily from customers based in the U.S.
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inTEST Corporation to Participate in the 12th Annual NYC Summit

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inTEST Corporation (INTT) to participate in the 12th Annual NYC Summit investor conference. Nick Grant, President & CEO, and Duncan Gilmour, CFO, will present the company's innovative test and process technology solutions for key markets. The event will provide opportunities for investors and analysts to engage with the management team.
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inTEST Corporation Announces Stock Repurchase Plan

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inTEST Corporation (INTT) announced a stock repurchase plan of up to $10 million of the Company's common stock through November 17, 2024. The plan reflects confidence in executing the 5-Point Strategy and aims to grow the business, achieve long-term goals, and benefit shareholders. The Company intends to use existing cash and cash equivalents and future cash flows to fund the plan, with approximately 12.2 million shares of common stock outstanding as of October 31, 2023.
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inTEST Corporation to Webcast Presentation at the Southwest IDEAS Conference

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INTT: inTEST Corporation to Present at Southwest IDEAS Conference on November 15, 2023. CFO and VP of Corporate Development to discuss innovative test and process technology solutions for automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor markets. Webcast available at www.intest.com/investor-relations.
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FAQ

What is the current stock price of inTEST Corporation (INTT)?

The current stock price of inTEST Corporation (INTT) is $7.68 as of December 20, 2024.

What is the market cap of inTEST Corporation (INTT)?

The market cap of inTEST Corporation (INTT) is approximately 93.1M.

What does inTEST Corporation do?

inTEST Corporation designs, manufactures, and markets products used primarily by semiconductor manufacturers for testing integrated circuits and wafer products.

When was inTEST Corporation founded?

inTEST Corporation was founded in 1981.

What are the main segments of inTEST Corporation?

inTEST operates through three main segments: Electronic Test, Environmental Technologies, and Process Technologies.

What products does inTEST Corporation offer?

inTEST offers test head manipulators, docking hardware, tester interfaces, thermal test systems, and more.

Where is inTEST Corporation headquartered?

inTEST Corporation is headquartered in Cherry Hill, New Jersey.

What markets does inTEST Corporation serve?

inTEST serves semiconductor, automotive, defense/aerospace, industrial, medical, and telecommunications markets.

When did inTEST Corporation go public?

inTEST Corporation conducted its initial public offering in 1997.

What were some notable acquisitions by inTEST Corporation?

Notable acquisitions include TestDesign Corporation in 1998, Temptronic Corporation in 2000, and Thermonics Inc. in 2012.

Does inTEST Corporation operate globally?

Yes, inTEST Corporation operates and sells its products both domestically and internationally.

How can I stay updated with the latest news from inTEST Corporation?

You can stay updated with the latest news and announcements from inTEST Corporation on their official website and through various financial news platforms.

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inTEST Corporation

NYSE:INTT

INTT Rankings

#4456 Ranked by Market Cap
N/A Ranked by Dividends

INTT Stock Data

93.10M
11.20M
9.47%
59.22%
0.96%
Semiconductor Equipment & Materials
Instruments for Meas & Testing of Electricity & Elec Signals
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United States of America
MT. LAUREL