[inTEST News Release Letterhead]
inTEST CORPORATION ANNOUNCES FIRST QUARTER FINANCIAL RESULTS
CHERRY HILL, NEW JERSEY - April 18, 2001... inTEST Corporation (NASDAQ:INTT) today announced
its financial results for the quarter ended March 31, 2001. Net revenues for the quarter were $20.1 million, a 7%
decrease from the quarter ended December 31, 2000. Net earnings for the quarter were $858,000 or $.10 per
diluted share, up from $473,000 or $.06 per diluted share for the quarter ended December 31, 2000. Orders for
the Company's products for the quarter ended March 31, 2001 were $20.8 million, a decrease of 10% from the
quarter ended December 31, 2000.
Robert E. Matthiessen, President and CEO said, "We are continuing to feel the impact of the slowdown in the
semiconductor industry on both our net revenues and bookings. While our view of this downturn is not
substantially different from the consensus, we cannot say with any certainty when it will end. Therefore, as
previously disclosed, we have implemented internal financial cost controls across all divisions and subsidiaries,
and are increasing our emphasis on product and customer development to position us for the upturn when it
occurs. We will continue to closely manage all aspects of our business to meet our short-term performance goals,
and are also evaluating longer-term strategies to meet our future growth objectives."
Hugh T. Regan, Jr., Treasurer and CFO added, "With the current weakness experienced in the semiconductor
capital equipment market over the last quarter, management is revising its guidance for the quarter ending June
30, 2001 downward to reflect these conditions, and believes that net revenues will range from $15.0 to $16.0
million and that diluted earnings per share will be breakeven for the second quarter of 2001.
inTEST Corporation (www.intest.com) is a leading independent designer, manufacturer and marketer of
manipulator and docking hardware products, temperature management systems an