Earnings Call Summary | InTEST(INTT.US) Q4 2023 Earnings Conference
Earnings Call Summary | InTEST(INTT.US) Q4 2023 Earnings Conference
The following is a summary of the InTEST Corporation (INTT) Q4 2023 Earnings Call Transcript:
以下是iTest Corporation（INTT）2023年第四季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
InTEST reported record revenue of $123.3 million in 2023, up 6% from the previous year.
Gross profit increased by 7% with a margin expansion to 46.2%, indicating an efficient operation of the business.
Net earnings totaled $9.3 million ($0.79 per diluted share), a slight rise from $0.78 in the previous year.
Q4 orders, however, were down 12% YoY though they improved 2% sequentially.
The company ended the year with $45.3 million in cash and equivalents and $12 million in total debt, showing a healthy financial situation.
A restatement resulted in a decrease of previously reported net income for Q3 by approximately $700,000 and a $1.7 million deferral of revenue.
InTEST expects 2024 revenue to range from $145 to $155 million with a maintained gross margin of 45-46%.
iTest報告稱，2023年收入達到創紀錄的1.233億美元，比上年增長6％。
毛利增長了7％，利潤率擴大至46.2％，這表明該業務的有效運營。
淨收益總額爲930萬美元（攤薄每股收益0.79美元），較去年的0.78美元略有增長。
但是，第四季度的訂單儘管連續增長了2％，但同比下降了12％。
該公司在年底擁有4530萬美元的現金及等價物以及1200萬美元的總債務，財務狀況良好。
重報導致先前公佈的第三季度淨收入減少了約70萬美元，收入延期了170萬美元。
InTest預計，2024年的收入將在1.45億美元至1.55億美元之間，毛利率將保持在45-46％之間。
Business Progress:
業務進展：
The company successfully implemented its 5-point strategy, leading to key account progress, strengthened global channels, and the establishment of a new center of excellence in Malaysia.
InTEST saw substantial Q4 sales growth in industrial markets, auto/EV segment, and defense/aero which was fueled by product innovation and demand.
Orders improved significantly in defense/aero and industrial markets compared to the previous quarter.
Non-semi markets combined share of revenue increased from 35% in 2021 to 47% in 2023.
An acquisition of Alfamation was made and the company is on track toward a 2025 revenue goal of $200-$250 million.
InTEST is also actively exploring more acquisition opportunities to boost its product range, international footprint, and presence in targeted industries.
該公司成功實施了五點戰略，促進了關鍵客戶的發展，加強了全球渠道，並在馬來西亞建立了新的卓越中心。
在產品創新和需求的推動下，InTest在工業市場、汽車/電動汽車領域和國防/航空領域實現了第四季度的銷售大幅增長。
與上一季度相比，國防/航空和工業市場的訂單顯著改善。
非半導體市場的總收入份額從2021年的35％增加到2023年的47％。
收購了Alfamation，該公司有望實現2025年2億至2.5億美元的收入目標。
InTest還積極探索更多收購機會，以擴大其產品範圍、國際足跡和在目標行業的影響力。
More details: inTEST IR
更多詳情： inTest 紅外線
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譯文內容由第三人軟體翻譯。