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MTS Systems

Manufacturing & Industrialelectronicsmanufacturing equipmentsensorstesting

MTS Systems Corporation (MTS) is a global supplier of test systems and industrial position sensors. The Company provides mechanical test systems, material testing, fatigue testing and tensile testing services, as well as motion simulation systems and calibration services. Examples of MTS products include: hydraulic actuators,rolling road simulators, shaker tables and medical testing equipment. MTS operates in two segments: the test segment and the sensors segment. Its testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS’s high-performance position sensors provide controls for a variety of industrial and vehicular applications. 

Revenue(Q2, 2017)
$193.4 M
Market capitalization(2017-08-22)
$901.4 M
Backlog(FY, 2016)
$370.5 M
Type
Public
HQ
Eden Prairie, US
Founded
1966
Size (employees)
2,400 (est)
Website
mts.com
MTS Systems was founded in 1966 and is headquartered in Eden Prairie, US

MTS Systems Office Locations

MTS Systems has offices in Eden Prairie, Cary, Paris, Berlin and in 5 other locations
Eden Prairie, US (HQ)
14000 Technology Dr
Show all (9)

MTS Systems Data and Metrics

MTS Systems Financial Metrics

MTS Systems's revenue was reported to be $193.4 m in Q2, 2017
USD

Revenue (Q2, 2017)

193.4 m

Gross profit (Q2, 2017)

78.9 m

Gross profit margin (Q2, 2017), %

41%

Net income (Q2, 2017)

8.9 m

EBIT (Q2, 2017)

15.4 m

Market capitalization (22-Aug-2017)

901.4 m

Cash (01-Apr-2017)

97.4 m
MTS Systems's current market capitalization is $901.4 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

569.4 m564.3 m563.9 m650.1 m

Revenue growth, %

(1%)(0%)15%

Cost of goods sold

337.5 m340.7 m344.3 m418.7 m

Gross profit

231.9 m223.6 m219.6 m231.4 m

Gross profit Margin, %

41%40%39%36%

Sales and marketing expense

81 m88.1 m

R&D expense

22.8 m23.8 m25.3 m

General and administrative expense

48.2 m51.4 m69.3 m

Operating expense total

152.4 m164.5 m94.6 m

EBIT

80 m60.3 m61.5 m41.8 m

EBIT margin, %

14%11%11%6%

Interest expense

334 k692 k795 k8.5 m

Interest income

795 k8.5 m

Pre tax profit

79.3 m58.4 m59.2 m33.5 m

Income tax expense

21.4 m16.4 m13.7 m6 m

Net Income

57.8 m42 m45.5 m27.5 m
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Revenue

133.9 m137.1 m157.7 m199.3 m193.4 m

Cost of goods sold

80.7 m92 m99.6 m125.8 m114.6 m

Gross profit

53.2 m45.1 m58.1 m73.5 m78.9 m

Gross profit Margin, %

40%33%37%37%41%

R&D expense

5.8 m5.8 m6.2 m8.7 m9.3 m

General and administrative expense

11.5 m14 m18.9 m24 m23.6 m

Operating expense total

17.3 m19.8 m25.1 m32.7 m32.8 m

EBIT

15.4 m4.4 m9.7 m10.3 m15.4 m

EBIT margin, %

12%3%6%5%8%

Interest expense

155 k257 k375 k7.3 m7.4 m

Interest income

257 k375 k7.3 m7.4 m

Pre tax profit

15.1 m4.2 m10 m2.2 m8.7 m

Income tax expense

4.4 m1.2 m2.8 m476 k1.5 m

Net Income

31.1 m13.8 m25.5 m36.3 m14.8 m21.9 m1.7 m8.9 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

48.3 m60.4 m51.8 m

Inventories

78 m83.6 m86.3 m132.6 m

Current Assets

329.3 m351 m327.7 m440.3 m

PP&E

78.4 m81.6 m80.5 m100.8 m

Goodwill

16.6 m26.1 m27.7 m369.7 m

Total Assets

451.3 m487.4 m460.8 m1.2 b

Accounts Payable

29.8 m27.2 m33 m46.4 m

Current Liabilities

174.2 m203 m176.7 m216.1 m

Total Liabilities

782.8 m

Additional Paid-in Capital

6.1 m4.3 m154.9 m

Retained Earnings

240.3 m242.4 m255.7 m256.6 m

Total Equity

258.1 m405.3 m

Financial Leverage

1.8 x2.9 x
USDQ1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Cash

55.3 m61.3 m53.3 m63.3 m172.7 m95.9 m97.4 m

Inventories

89.6 m88.8 m92 m96 m93 m122.7 m125.1 m

Current Assets

363.6 m359.7 m331.3 m362.2 m516.5 m430 m433.7 m

PP&E

80.9 m79.9 m79.6 m82.6 m82.9 m98.7 m99.1 m

Goodwill

27.6 m27.5 m27.5 m26.9 m26.5 m369.1 m369.2 m

Total Assets

499.9 m493.3 m464.6 m498.4 m652.9 m1.2 b1.2 b

Accounts Payable

29.6 m36.4 m28.2 m37.3 m37.7 m44.9 m41.5 m

Current Liabilities

217.9 m221.7 m186 m216.9 m199.5 m211.7 m211.5 m

Additional Paid-in Capital

6.1 m6.1 m1.7 m4.3 m153.1 m156.1 m157.3 m

Retained Earnings

248.2 m246.4 m251 m253.9 m256 m253.3 m255.5 m

Total Equity

247.5 m253.9 m252.2 m406.1 m398.2 m404 m

Financial Leverage

2 x1.8 x2 x1.6 x2.9 x2.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

57.8 m42 m45.5 m27.5 m

Depreciation and Amortization

16.6 m19.3 m21.1 m24.1 m

Inventories

(9.6 m)(4.6 m)(4.1 m)3.4 m

Accounts Payable

(4 m)(2.8 m)6.8 m5.6 m

Cash From Operating Activities

(2.1 m)64.7 m100.4 m67.9 m

Purchases of PP&E

(29.7 m)(20 m)(18.4 m)(20.8 m)

Cash From Investing Activities

(34.2 m)(19.1 m)(600.2 m)

Cash From Financing Activities

1.3 m(15.9 m)(84.8 m)564.5 m

Interest Paid

146 k594 k816 k1.2 m

Income Taxes Paid

22.6 m15.6 m10.2 m10.8 m
USDQ3, 2014Q1, 2014Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017

Net Income

31.1 m13.8 m25.5 m36.3 m14.8 m21.9 m1.7 m8.9 m

Depreciation and Amortization

13.9 m5.2 m10.4 m15.5 m9.9 m14.4 m8.4 m16.8 m

Inventories

(2.7 m)(6.7 m)(6.8 m)(9.5 m)(9.4 m)(6.9 m)227 k(1.9 m)

Accounts Payable

(5.1 m)2.9 m10.3 m1.9 m3.6 m4.8 m130 k(3.6 m)

Cash From Operating Activities

49 m12.9 m35.6 m71.9 m40.9 m45.7 m28.9 m41.2 m

Purchases of PP&E

(16 m)(4.5 m)(9.1 m)(12.7 m)(11.2 m)(16.2 m)(4.7 m)(9.3 m)

Cash From Investing Activities

(30.7 m)(12.7 m)(9.9 m)(58.2 m)(4.6 m)(9.3 m)

Cash From Financing Activities

(10.3 m)(11.3 m)(20.8 m)(61.8 m)(20.1 m)132.9 m(8.7 m)(16.5 m)

Interest Paid

388 k176 k451 k677 k349 k658 k10.4 m15.2 m

Income Taxes Paid

12.8 m3.4 m8.3 m8.4 m8.3 m11.4 m6 m9.4 m
Y, 2017

Financial Leverage

2.9 x

MTS Systems Operating Metrics

MTS Systems's Backlog was reported to be $370.5 m in FY, 2016
FY, 2014FY, 2015Aug, 2016FY, 2016Apr, 2017May, 2017

Order Volume

$615.59 m$618.3 m

Backlog

$326.47 m$353.01 m$370.52 m

Manufacturing Facilities

161616

    MTS Systems Market Value History

    MTS Systems Revenue Breakdown

    Market Position of MTS Systems

    Competitors

    NDT Systems
    Manufacturing & Industrial - Subsidiary
    Teradyne
    Manufacturing & Industrial - Public
    Phenix Systems
    Manufacturing & Industrial - Public
    Gerard Perrier Industrie
    Manufacturing & Industrial - Public
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    Traffic Overview of MTS Systems

    MTS Systems Online and Social Media Presence

    MTS Systems Company Life and Culture

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