inTEST Corp. (NYSE MKT:INTT) Q3 2019 Earnings Conference Call - Final Transcript

Nov 08, 2019 • 08:30 am ET


inTEST Corp. (NYSE MKT:INTT) Q3 2019 Earnings Conference Call - Final Transcript


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Welcome to the inTEST Corporation's 2019 Third Quarter Financial Results Conference Call. At this time, all participants are in listen-only mode. Later, we'll conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded today. A replay will be accessible at

I will now turn the call over to inTEST Investor Relations Consultant, Laura Guerrant. Please go ahead, madam.

Laura Guerrant

Thank you, Sergei, and thank you for joining us for inTEST's 2019 third quarter financial results conference call. With us today are Jim Pelrin, inTEST's President and CEO; and Hugh Regan, Treasurer and Chief Financial Officer. Jim will briefly review the quarter's highlights as well as current business trends. Hugh will then review inTEST's detailed financial results for the quarter and discuss guidance for the 2019 fourth quarter. We'll then have time for any questions. If you've not yet received a copy of today's release, a copy can be obtained on inTEST's website

In addition to our press release, we have issued supplemental information in advance of this call, which can be downloaded from our website on the Investor Relations page. The supplemental information is offered to provide shareholders and analysts with additional time and detail for analyzing our results in advance of the Company's quarterly results conference call.

Before we begin the formal remarks, the Company's attorneys advise that this conference call may contain 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 our press release, such risks and uncertainties include, but are not limited to, indications of a change in the market cycles in the semiconductor and ATE markets or other markets we serve, changes in business conditions and general economic conditions, both domestically and globally, changes in the demand for semiconductors generally, the success of our strategy to diversify our business by entering markets outside the semiconductor or ATE markets, the possibility of future acquisitions or dispositions and the successful integration of any acquired operations, the ability to borrow funds or raise capital to finance major potential acquisitions, changes in the rates of and timing of capital expenditures by our customers, progress of product development programs, increases in raw material and fabrication costs associated with our products and other risk factors set forth from time to time in our SEC filings included, but not limited to, our periodic reports on Form 10-K and Form 10-Q.

Any forward-looking statements made by inTEST during this conference call is based only on information currently available to inTEST and speaks to circumstances only as of the date on which it is made. inTEST undertakes no obligation to update the information in this conference call to reflect events or circumstances after