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. 

Type
Public
HQ
Eden Prairie, US
Founded
1966
Size (employees)
3,500 (est)+46%
Website
mts.com
MTS Systems was founded in 1966 and is headquartered in Eden Prairie, US
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MTS Systems Office Locations

MTS Systems has an office in Paris, Berlin, Lüdenscheid, Stuttgart and in 5 other locations
Eden Prairie, US (HQ)
14000 Technology Dr
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MTS Systems Financials and Metrics

MTS Systems Financials

MTS Systems's revenue was reported to be $787.96 m in FY, 2017
USD

Revenue (Q1, 2018)

194.2 m

Gross profit (Q1, 2018)

77.9 m

Gross profit margin (Q1, 2018), %

40.1%

Net income (Q1, 2018)

33.2 m

EBIT (Q1, 2018)

16.5 m

Market capitalization (5-Feb-2018)

940.6 m

Cash (3-Feb-2018)

94.1 m

EV

851.5 m
MTS Systems's current market capitalization is $940.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

569.4 m564.3 m563.9 m650.1 m788 m

Revenue growth, %

(1%)0%15%

Cost of goods sold

337.5 m340.7 m344.3 m418.7 m485.7 m

Gross profit

231.9 m223.6 m219.6 m231.4 m302.3 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

133.9 m137.1 m157.7 m199.3 m193.4 m193.8 m194.2 m

Cost of goods sold

80.7 m92 m99.6 m125.8 m114.6 m118.2 m116.2 m

Gross profit

53.2 m45.1 m58.1 m73.5 m78.9 m75.6 m77.9 m

Gross profit Margin, %

40%33%37%37%41%39%40%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

48.3 m60.4 m51.8 m108.7 m

Accounts Receivable

Inventories

78 m83.6 m86.3 m132.6 m127.7 m

Current Assets

329.3 m351 m327.7 m440.3 m457.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

55.3 m61.3 m53.3 m63.3 m172.7 m95.9 m97.4 m101.6 m94.1 m

Inventories

89.6 m88.8 m92 m96 m93 m122.7 m125.1 m129.4 m133.5 m

Current Assets

363.6 m359.7 m331.3 m362.2 m516.5 m430 m433.7 m444.7 m445.6 m

PP&E

80.9 m79.9 m79.6 m82.6 m82.9 m98.7 m99.1 m101.1 m97.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

57.8 m42 m45.5 m27.5 m25.1 m

Depreciation and Amortization

16.6 m19.3 m21.1 m24.1 m35.5 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 m1.8 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

9.1 m16.9 m31.1 m13.8 m25.5 m36.3 m14.8 m21.9 m1.7 m8.9 m19.5 m33.2 m

Depreciation and Amortization

4.5 m9 m13.9 m5.2 m10.4 m15.5 m9.9 m14.4 m8.4 m16.8 m25.4 m8.7 m

Inventories

(1.3 m)(1.1 m)(2.7 m)(6.7 m)(6.8 m)(9.5 m)(9.4 m)(6.9 m)227 k(1.9 m)(5.1 m)(5.5 m)

Accounts Payable

(2.3 m)(1.3 m)(5.1 m)2.9 m10.3 m1.9 m3.6 m4.8 m130 k(3.6 m)(452 k)1.2 m
USDY, 2017

EV/EBIT

51.6 x

EV/CFO

92.3 x

Financial Leverage

2.5 x
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MTS Systems Operating Metrics

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

Backlog

$326.47 m$353.01 m$370.52 m

Manufacturing Facilities

16 16 16

Order Volume

$615.59 m$618.30 m
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