Mar. 7 at 12:09 PM
$INTT inTEST reports Q4 adjusted EPS 23c, consensus 14c
Reports Q4 revenue
$36.6M, consensus
$35.33M. Nick Grant, President and CEO, commented, "Our team delivered record revenue and strong operational results in the fourth quarter further validating the effectiveness of our market and customer diversification strategy as well as our focus on innovation. Growth in sales from our core business was driven by defense/aerospace, semi and life sciences and the benefit of
$2 million in shipments that had been pushed out from the previous quarter. Automotive/EV sales grew from the addition of Alfamation.
Excluding the one-time acquisition inventory step-up1 impact, our gross margin exceeded our guidance for both the quarter and the year. Net earnings in the fourth quarter benefited from volume and cost actions. Importantly, we continued to demonstrate positive cash generation, and we believe we have the financial strength and flexibility to further drive organic and inorganic growth."
