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.
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
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.
inTEST Corporation (NYSE American: INTT) is set to release its fourth quarter and full year 2021 financial results on March 4, 2022, before market opening. A conference call will follow at 8:30 a.m. ET to discuss the results, corporate strategies, and future outlook. Interested parties can access the call via phone or webcast. The performance metrics will be crucial for investors to assess the company's financial health and strategic direction moving forward.
inTEST Corporation has upgraded its engineering and sales operations for its backend semiconductor business by opening a new office in Fremont, CA. This relocation aims to streamline operations and lower costs, consolidating previously separate resources. Additionally, the company has moved its digital streaming and image capturing solutions to the High Tech Campus in Eindhoven, Netherlands, enhancing operational efficiencies and collaboration with technology firms. These strategic changes aim to strengthen market presence and drive growth through enhanced product development.
inTEST Corporation (NYSE American: INTT) will present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 4:15 p.m. Eastern Time. The presentation will be led by
inTEST Corporation (NYSE American: INTT) has completed its acquisition of Acculogic, Inc. for approximately USD$9 million. This strategic move is part of inTEST's 5-Point Growth Strategy to expand its global reach and enhance its product offerings. Acculogic, founded in 1992, specializes in electronic test solutions and generates approximately 75% of its revenue in the defense/aerospace, automotive, and life science sectors. The acquisition is expected to bolster inTEST's electronic test portfolio, allowing it to serve a broader customer base.
inTEST Corporation (NYSE American: INTT) announced the acquisition of Acculogic Inc., a robotics-based electronic test equipment manufacturer, for approximately $9 million. This strategic move aims to enhance inTEST's electronics test capabilities and diversify its customer base, particularly in electric vehicle battery testing. The acquisition is expected to add $9 million in annual revenue and to be accretive to earnings in 2022. Funding will come from existing credit facilities, with anticipated integration expenses of $0.05 per diluted share.
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