inTEST reports Q1 EPS (11c), consensus (10c)

Reports Q1 revenue $26.64M, consensus $28.07M. Nick Grant, President and CEO, commented, “During the quarter, we generated cash, further strengthened our balance sheet by reducing debt and increasing our cash balance. We also continued to address our cost structure and operating expenses. Even amid the turmoil resulting from shifting policies regarding global tariffs, we gained traction with new product introductions, added new customers, and enhanced our channels to market. We continue to see signs of market stagnation as customers hesitate to move forward with their capital spending plans. Orders in the quarter were $25.3M and, while improved over last year’s first quarter, are still sluggish.”