inTEST Corp (INTT) Tops Q2 EPS by 1c, Beats on Revenue; Offers FY23 Revenue Guidance
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inTEST Reports Record Revenue of $32.6 Million for the 2023 Second Quarter with Net Earnings Growth of 32% Year-over-Year
August 4, 2023 6:30 AM EDTContinued execution of 5-Point Strategy generated 10% revenue growth year-over-year achieving upper end of guidance range Demonstrated strong operating leverage with 22.6% operating income growth year-over-year to $3.3 million Delivered net earnings of $2.8 million, up 32.0% for a net margin of 8.6%, and earnings per diluted share of $0.24, up 20% over prior-year period Adjusted EBITDA (Non-GAAP)(1) was $4.8 million and adjusted EBITDA margin (Non-GAAP)(1) was 14.7% Completed $20 Million At-The-Market Offering at an Average Sales Price of $21.70 per Share Updating full year revenue guidance to $127 million to $131 million
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