inTEST Q1 revenue $31.9M, up 32.5% YoY; EPS $0.25, adjusted EPS $0.29

INTEST CORP

2023-Q1 EPS reported $0.25 revenue$31,919,000

Revenue $31.9M, +32.5% YoY, at upper end of guidance range.
Net income $2.8M, diluted EPS $0.25; adjusted EPS $0.29.
Adjusted EBITDA $4.8M (15.1% margin); orders $30.8M, backlog $45.7M.
Gross margin 47.2%, driven by favorable mix and pricing actions.
FY2023 revenue guidance reaffirmed $125M-$130M, ~9% growth at midpoint.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTEST CORP reported the first quarter ended March 31, 2023 results: revenue $31.9 million, net income $2.8 million, EPS $0.25 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $31.9 million
Net income: $2.8 million
EPS: $0.25 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

● Achieved revenue of $31.9 million, up 32.5% versus the first quarter of 2022, and at upper end of guidance range ● Strong gross margin of 47.2% reflects favorable mix and impact of pricing actions taken last year ● Delivered net income of $2.8 million and earnings per diluted share of $0.25; adjusted earnings per diluted share (Non-GAAP) (1) was $0.29

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Source: SEC EDGAR

accession 0001437749-23-012672

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