Segment Data
(In thousands)
(Unaudited)
Beginning in the first quarter of 2022, the Company made a change to its reportable segments from two reportable segments to three reportable segments – Electronic Test, Environmental Technologies and Process Technologies. These segments, which operate as Divisions, align with how the Chief Executive Officer (CEO) who is also the Chief Operating Decision Maker (CODM) as defined under U.S. GAAP, allocates resources and assesses performance against the Company’s key growth strategies. Prior period reportable segment results and related disclosures have been restated to be consistent with the current year presentation.
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Three Months Ended
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2022 |
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|
2021 |
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Revenue: |
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|
|
|
|
|
|
|
Electronic Test |
|
$ |
8,778 |
|
|
$ |
8,501 |
|
Environmental Technologies |
|
6,993 |
|
|
|
6,198 |
|
|
Process Technologies |
|
|
8,310 |
|
|
|
4,857 |
|
Total revenue |
|
$ |
24,081 |
|
|
$ |
19,556 |
|
|
|
|
|
|
|
|
|
|
Income from divisional operations: |
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|
|
|
|
|
|
|
Electronic Test |
|
$ |
1,887 |
|
|
$ |
2,987 |
|
Environmental Technologies |
|
|
802 |
|
|
|
923 |
|
Process Technologies |
|
|
730 |
|
|
|
456 |
|
| Total income from divisional operations |
|
3,419 |
|
|
4,366 |
|||
| Corporate expenses |
|
(1,835 |
) |
|
(1,482 |
) |
||
| Acquired intangible amortization |
|
|
(782 |
) |
|
|
(304 |
) |
| Other income (expense) |
|
|
(147 |
) |
|
|
(2 |
) |
| Earnings before income tax expense |
|
$ |
655 |
|
|
$ |
2,578 |
|
inTEST CORPORATION
