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inTEST Corporation (INTT)
NYSE MKT:INTT
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.14Last Year’s EPS
$0.16Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: 7.11%
|Next Earnings Date:Feb 28, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong gross margin performance and successful integration of Alfamation, contributing to growth in diversified markets. However, challenges in the front-end semiconductor market and delayed shipments impacted revenue negatively. Despite these challenges, signs of recovery in back-end semi and promising market opportunities were noted.Company Guidance
During the third quarter 2024 earnings call for inTEST Corporation, several key metrics and guidance details were discussed. The company achieved a gross margin of 46.3% on revenue of $30 million, despite $2 million in shipments being delayed into the fourth quarter. Alfamation, a recent acquisition, contributed $5.4 million in revenue. Sequentially, back-end semiconductor growth outpaced the front-end decline, contributing to a 570 basis points expansion in gross margin compared to Q2. Operating expenses increased by $1.5 million year-over-year due to Alfamation's inclusion, but remained flat sequentially. Adjusted EBITDA was $2.4 million, representing an 8.1% margin. For the full year 2024, inTEST expects revenue between $128 million and $131 million, with a gross margin of 42% to 43%. The fourth quarter is projected to bring revenue of $34 million to $37 million, with an EPS range of $0.08 to $0.14. The company has reduced headcount by 10% in its base businesses since the start of 2024 to better align with market conditions.Strong Gross Margin Performance
Achieved a gross margin of 46.3%, a 570 basis points expansion compared to Q2, driven by favorable product mix and improved volume from higher-margin back-end semi solutions.
Successful Integration of Alfamation
Alfamation contributed $5.4 million in revenue and strengthened positions in automotive, life sciences, and consumer electronics markets.
Sequential Improvement in Back-End Semi
Back-end semiconductor orders were up sequentially for the third consecutive quarter, showing signs of recovery.
Efficient Cost Management
Aligned cost structure with market conditions, reducing headcount by 10% in base businesses, resulting in operating margin expanding by 60 basis points and adjusted EBITDA margin improving by 180 basis points.
Promising Outlook for Automotive and Gallium Nitride Markets
Order pipeline increased with improvements in back-end semi demand and larger automotive projects. Excitement around gallium nitride technology due to higher efficiency in high-power applications.
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INTT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INTT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $7.17 | $7.48 | +4.32% |
| Aug 02, 2024 | $10.04 | $7.76 | -22.71% |
| May 06, 2024 | $11.69 | $10.79 | -7.70% |
| Mar 27, 2024 | $11.37 | $13.25 | +16.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does inTEST Corporation (INTT) report earnings?
inTEST Corporation (INTT) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is inTEST Corporation (INTT) earnings time?
inTEST Corporation (INTT) earnings time is at Feb 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INTT EPS forecast?
INTT EPS forecast for the fiscal quarter 2024 (Q4) is $0.14.
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