-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IUatLOr6hcpbpX4Qy/nLF2GgH9qsZI2PeYkxGoNFMZ1fEnKqUh7mrN4rRvBhcelN MMJpm3Mwq8cnXyqOdeWv9g== 0001036262-11-000005.txt : 20110110 0001036262-11-000005.hdr.sgml : 20110110 20110110161143 ACCESSION NUMBER: 0001036262-11-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110110 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110110 DATE AS OF CHANGE: 20110110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTEST CORP CENTRAL INDEX KEY: 0001036262 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 222370659 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22529 FILM NUMBER: 11520295 BUSINESS ADDRESS: STREET 1: 7 ESTERBROOK LANE CITY: CHERRY HILL STATE: NJ ZIP: 08003 BUSINESS PHONE: 856-424-6886 MAIL ADDRESS: STREET 1: 7 ESTERBROOK LANE CITY: CHERRY HILL STATE: NJ ZIP: 08003 8-K 1 f8k-011011.htm Form 8-K - 1/10/11

UNITED SATES
SECURITIES AND EXCHANGE COMMISSIONS
Washington, D.C. 20549

 

FORM 8-K


CURRENT REPORT


Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

January 10, 2011
Date of Report (Date of earliest event reported)

inTEST Corporation
(Exact Name of Registrant as Specified in its Charter)

 Delaware
(State or Other Jurisdiction of Incorporation)

0-22529
(Commission File Number)

22-2370659
(I.R.S. Employer Identification No.)

 

7 Esterbrook Lane, Cherry Hill, New Jersey 08003
(Address of Principal Executive Offices, including zip code)

(856) 505-8800
(Registrant's Telephone Number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]

Written Communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))

[  ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))

 

 

 

Item 7.01.   Regulation FD Disclosure.

On January 10, 2011, inTEST Corporation (the "Company") issued a press release revising its guidance by increasing its expectations for net revenue and pre-tax income as well as providing expected bookings for the fourth quarter ended December 31, 2010. In addition, the Company announced that it will be presenting at the Needham Growth Conference on January 13, 2011. This presentation will be webcast live by accessing www.wsw.com/webcast/needham41/intt at 4:10 p.m. EST. A copy of the press release is furnished as Exhibit 99.1 to this Current Report.

The information furnished pursuant to Item 7.01 of this Current Report, including Exhibit 99.1 hereto, shall not be considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of such section, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forth in such future filing that such information is to be considered "filed" or incorporated by reference therein.

Item 9.01.    Financial Statements and Exhibits.

A list of the Exhibits which are required by Item 601 of Regulation S-K and filed with this Report is set forth in the Exhibit Index immediately following the signature page, which Exhibit Index is incorporated herein by reference.


 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



inTEST CORPORATION





By: /s/ Hugh T. Regan, Jr.
        Hugh T. Regan, Jr.
  
      Secretary, Treasurer and Chief Financial Officer

Date:   January 10, 2011


 

Exhibit Index


99.1  News Release dated January 10, 2011.

EX-99.1 2 e991-8k011011.htm Exh 99.1-Form 8K-1/10/11

EXHIBIT 99.1

[inTEST News Release Letterhead]
FOR IMMEDIATE RELEASE



inTEST Provides Update to Fourth Quarter 2010 Outlook;
Net Revenue Forecast Exceeds High-End of Guidance Range by Approximately $500,000;
Fourth Quarter Bookings Strengthen;

Pre Tax Income Expected In the Range of $0.08 to $0.10 Per Share

Leading ATE Provider to Address Growth Prospects at Needham & Company Conference January 13, 2011

CHERRY HILL, NJ, January 10, 2011 - inTEST Corporation (Nasdaq: INTT), an independent designer, manufacturer and marketer of semiconductor automatic test equipment (ATE) interface solutions and temperature management products, today provided an update to the Company's outlook for the 2010 fourth quarter (ended December 31, 2010). The Company noted that it expects to report results for the fourth quarter on March 2, 2011.

Fourth Quarter 2010 Updated Guidance
inTEST Corporation is revising its expectations for net revenue, bookings and pre-tax income for the fourth quarter 2010. The following represent revisions from the expectations established during the Company's third quarter 2010 financial results conference call which was held November 3, 2010.

  • Net revenue for the fourth quarter is now expected to be approximately $10.0 million. This is a revision from the net revenue guidance in the range of $8.8 million to $9.5 million, established November 3, 2010. Net revenues for the third quarter ended September 30, 2010 were $11.3 million.
  • Bookings for the fourth quarter are now expected to be approximately $11.5 million, which exceeds the third quarter's bookings of $9.4 million.
  • Pre-tax income is now expected to be in the range of $0.08 to $0.10 per diluted share.

The Company's updated pre-tax income guidance is based upon current expectations and may be subject to change due to audit adjustment.

Additional commentary pertaining to the December quarter will be provided when the company reports its fourth quarter financial results on March 2, 2011.

No conference call will be held in conjunction with this guidance revision.

Robert E. Matthiessen, President and Chief Executive Officer of inTEST, commented, "Our business in the fourth quarter has continued to strengthen, and we have reversed the consecutive quarterly down trend in bookings that we saw during the second and third quarters of 2010. As a result, we now expect to report net revenue for the fourth quarter of approximately $10.0 million, which exceeds the high-end of our guidance."

Needham & Company Presentation and Webcast Information
inTEST is scheduled to present to the investment community at the 13th Annual Needham Growth Conference on Thursday, January 13, 2011 at 4:10 p.m. EST at the New York Palace Hotel in New York City.

Robert E. Matthiessen, President and Chief Executive Officer, and Hugh T. Regan, Jr., Treasurer and Chief Financial Officer, will be hosting meetings with investors to discuss the Company's financial performance, business trends and growth opportunities. Presentation materials will be made available on the investor relations section of the Company's website at www.intest.com. Alternatively, to hear a live webcast of the presentation, investors may access the following URL directly: http://www.wsw.com/webcast/needham41/intt/. This webcast will be archived for 90 days following the live presentation.

In addition, management will be available for meetings in New York City on Thursday January 13, 2011. Investors who would like to meet with Mr. Matthiessen and Mr. Regan are asked to contact Investor Relations for inTEST: Laura Guerrant-Oiye at (808) 882-1467 or via email at lguerrant@guerrantir.com.

About inTEST Corporation
inTEST Corporation is an independent designer, manufacturer and marketer of ATE interface solutions and temperature management products, which are used by semiconductor manufacturers to perform final testing of integrated circuits (ICs) and wafers. The Company's high-performance products are designed to enable semiconductor manufacturers to improve the speed, reliability, efficiency and profitability of IC test processes. Specific products include positioner and docking hardware products, temperature management systems and customized interface solutions. The Company has established strong relationships with semiconductor manufacturers globally, which it supports through a network of local offices. For more information visit www.intest.com.

CONTACTS:

Hugh T. Regan, Jr.

Laura Guerrant-Oiye

Treasurer and Chief Financial Officer

Guerrant Associates

inTEST Corporation

lguerrant@guerrantir.com

Tel: 856-505-8999

Tel: 808-882-1467

Forward-Looking Statements:
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not convey historical information, but relate to predicted or potential future events that are based upon management's current expectations. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. In addition to the factors mentioned in this press release, such risks and uncertainties include, but are not limited to, changes in business conditions and the economy, generally; changes in the demand for semiconductors, generally; changes in the rates of, and timing of, capital expenditures by semiconductor manufacturers; progress of product development programs; increases in raw material and fabrication costs associated with our products; implementation of additional restructuring initiatives and other risk factors set forth from time to time in our SEC filing s, including, but not limited to, our periodic reports on Form 10-K and Form 10-Q. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.

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