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Sep 30, 2023
inTEST Q3 2023 Earnings Report
Reported record revenue and increased earnings per share year-over-year.
Key Takeaways
inTEST Corporation reported a record revenue of $32.7 million for Q3 2023, a 6% increase year-over-year. Earnings per diluted share increased by 4% to $0.24 year-over-year. The company's gross profit margin expanded by 170 basis points compared to the prior-year period.
Q3 revenue reached a record $32.7 million, up 6% year-over-year.
Gross profit margin was 46.9%, a 170 basis point expansion over the prior-year period.
Net income for the quarter grew 18% year-over-year to $3.0 million.
Cash generation from operations was strong at $6.2 million, driving overall cash to $41.7 million.
Forward Guidance
The Company is moderating its expectations for the remainder of 2023 to reflect the recent shift in customer demand.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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