inTEST Corp (INTT) Tops Q3 EPS by 1c

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Go back to inTEST Corp (INTT) Tops Q3 EPS by 1c

inTEST Reports 46% Revenue Growth and Advances 5-Point Strategy in Third Quarter 2021

November 5, 2021 6:00 AM EDT

Net revenue increased 46% over prior-year period to $21.1 million due to strength of semiconductor and industrial markets; multimarket revenue grew 22% sequentially Solid margins resulted in earnings per diluted share of $0.20, in line with guidance Generated strong cash from operations of $4.3 million in the quarter and $8.1 million year-to-date Advancing growth strategy with two acquisitions completed subsequent to quarter end; expected to be more than $0.05 accretive to diluted earnings per share in the first year Increased financial flexibility with new credit facility and enhanced capital structure with... More