inTEST Corporation announced that Rich Rogoff, who has led its Environmental Technologies Division since June 2025, will become President and Chief Executive Officer effective immediately, replacing Nick Grant who has served as CEO since 2020.
The company’s stock has surged 99% over the past year and 83% year‑to‑date, reaching a market capitalization of $169 million. On March 31, the stock closed 4.76% higher at $13.65, reflecting investor confidence in the company’s growth strategy and recent earnings performance.
Rogoff’s promotion follows his successful stewardship of the Environmental Technologies segment, a key part of inTEST’s diversification strategy. His background in acquisitions and operational efficiency positions him to advance the company’s VISION 2030 plan, which aims to expand into semiconductor, automotive, defense, and life‑sciences markets while improving operating leverage.
In Q4 2025, inTEST reported earnings per share of $0.10 and revenue of $32.8 million, beating analyst expectations. For Q1 2026, consensus estimates were $0.09 EPS and $31.70 million revenue. Northland Securities recently lowered its FY2026 EPS forecast from $0.35 to $0.22, citing potential margin pressure, while the company’s margin expansion in Q2 2025—gross margin up 110 basis points to 42.6%—underscores its focus on cost control and pricing power.
The company serves a diversified portfolio of customers across semiconductor, automotive, defense, and life‑sciences sectors. This breadth reduces concentration risk and supports the company’s strategy to capture growth in high‑margin, high‑technology markets.
"The Board's vision for InTest is to scale the business while realizing operating leverage to create shareholder value," said Chairman Joe Dews. "I'd like to thank Nick for his leadership of InTest over the last five years. He leaves InTest a larger and more diversified company than when he joined, serving marquee customers across an expanded range of end markets and with multiple growth initiatives in place," Dews added.
"This strategic adjustment to our team supports our efforts to reduce costs, sharpen our operational focus and ensure strong leadership across our businesses," said Nick Grant. "Rich brings a deep understanding of our strategy, customers, and growth objectives. We are confident he will provide the discipline and direction needed to accelerate performance in Environmental Technologies as we advance our VISION 2030 growth strategy."
"I am honored to step into this role and lead a team that plays such an essential part in InTest's broader mission," said Rich Rogoff. "Having been closely involved in our growth strategy, I see significant opportunity to strengthen execution and deliver value, both organically and through targeted acquisitions."
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