The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Jaeson Schmidt - Lake Street Capital Markets - Analyst
: Hey guys, thanks for taking my questions. I just want to start on the order. Push outs. You highlighted, curious if those are concentrated at a couple
of customers or if it is just more broad based and then I guess relatedly what end market is that related to?
Question: Jaeson Schmidt - Lake Street Capital Markets - Analyst
: Got you and then related to the front end semi market, I know a high level, there are some kind of longer term tailwinds but just curious how you
guys are thinking about when to expect a pick up there or is just visibility too clouded at this point?
Question: Jaeson Schmidt - Lake Street Capital Markets - Analyst
: Okay. That's really helpful. And then just the last one for me and I'll jump back into Q I mean, really nice gross margin performance. I know you
highlighted sort of the account reductions and in sourcing and some just improved efficiencies. Just curious how much of this could potentially
be permanent. I have you. I mean, when the demand profile picks back up is this sort of the new level for gross margin?
Question: Jaeson Schmidt - Lake Street Capital Markets - Analyst
: Okay. No, I appreciate that color. Thanks a lot, guys.
Question: Ted Jackson - Northland Securities - Analyst
: Good morning. I've only got a couple of questions. Actually, a couple of mine were hit just now. First of all, just when you made a comment about
the head count reduction being down 10% in your base businesses, can you just define what the base businesses are?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
NOVEMBER 01, 2024 / 12:30PM, INTT.A - Q3 2024 inTest Corp Earnings Call
Question: Ted Jackson - Northland Securities - Analyst
: Okay. And then, you know, with the reduction like that, how do we see that playing through into the financials? I mean, we can, I mean, I haven't
gone through it, and we really dug and try to put my fourth quarter together again. So maybe, I mean, I assume we'll see some of this in the fourth
quarter. Does it play out like almost immediately? Is it something that we'll see an additional impact as we get into the first quarter of 2025?
Question: Ted Jackson - Northland Securities - Analyst
: Okay. My next question, I just maybe front, it's been hit on but just maybe a little more color around the back end. I mean, you commented for,
you know, several months, I guess at this point that you have seen the back and stabilize and improve and maybe some color in terms of when
you look at that business and the the, you know, incremental strength that you're seeing in it. Is there anything to note in terms of kind of in market
that strengthening or is it a geography underlying drivers like reassuring? You see, I'm going just anything thematic within what's happening in
that business that's worth calling out.
Question: Ted Jackson - Northland Securities - Analyst
: No. Well, you know, hopefully that'll turn around in the near, in the near future for you too. Last question. And just more of just kind of a thematic
kind of color thing. Just talk a bit about Alfamation and kind of help everyone including myself, understand it better. You know, it's, it's still a good
chunk of your backlog you're working through it. I know it's a business that has a lot of exposure within the auto world and that what happens
within that is tied to the kind of new models, model refreshes of cars and stuff? You know, I was wondering if you could maybe provide, you know,
a little kind of color in terms of where we are in terms of some of the cycles that, you know, impact ations revenue growth.
Like is there, you know, is there anything in terms of, you know, some model releases that you all are excited about? And you know, I mean, or is
it you kind of get where I'm going with this just like, is there, is there anything to hang a hook to hang a hat on in terms of, you know, like that's
that we should start, we should be thinking about, you know, like a new model refresh or a new design win within a particular vertical or, you know,
I mean, it could even be getting into, you know, like commercial or heavy equipment as they start automating it and there's more electronics going
into it. But just maybe sketch out some themes that drive the growth of that business and that's it for me.
Question: Ted Jackson - Northland Securities - Analyst
: Okay, thanks very much. You guys have a great day.
|
