MTS Systems was founded in 1966 and is headquartered in Eden Prairie, US

MTS Systems has offices in Eden Prairie, Cary, Paris, Berlin and in 5 other locations

Eden Prairie, US (HQ)

14000 Technology Dr

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.

- Source: SEC Filings FY 2016, SEC Filings FY 2014

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 569.4 m | 564.3 m | 563.9 m | 650.1 m |

## Revenue growth, % | (1%) | (0%) | 15% | |

## Cost of goods sold | 337.5 m | 340.7 m | 344.3 m | 418.7 m |

## Gross profit | 231.9 m | 223.6 m | 219.6 m | 231.4 m |

## Gross profit Margin, % | 41% | 40% | 39% | 36% |

## Sales and marketing expense | 81 m | 88.1 m | ||

## R&D expense | 22.8 m | 23.8 m | 25.3 m | |

## General and administrative expense | 48.2 m | 51.4 m | 69.3 m | |

## Operating expense total | 152.4 m | 164.5 m | 94.6 m | |

## EBIT | 80 m | 60.3 m | 61.5 m | 41.8 m |

## EBIT margin, % | 14% | 11% | 11% | 6% |

## Interest expense | 334 k | 692 k | 795 k | 8.5 m |

## Interest income | 795 k | 8.5 m | ||

## Pre tax profit | 79.3 m | 58.4 m | 59.2 m | 33.5 m |

## Income tax expense | 21.4 m | 16.4 m | 13.7 m | 6 m |

## Net Income | 57.8 m | 42 m | 45.5 m | 27.5 m |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Revenue | 133.9 m | 137.1 m | 157.7 m | 199.3 m | 193.4 m | |||

## Cost of goods sold | 80.7 m | 92 m | 99.6 m | 125.8 m | 114.6 m | |||

## Gross profit | 53.2 m | 45.1 m | 58.1 m | 73.5 m | 78.9 m | |||

## Gross profit Margin, % | 40% | 33% | 37% | 37% | 41% | |||

## R&D expense | 5.8 m | 5.8 m | 6.2 m | 8.7 m | 9.3 m | |||

## General and administrative expense | 11.5 m | 14 m | 18.9 m | 24 m | 23.6 m | |||

## Operating expense total | 17.3 m | 19.8 m | 25.1 m | 32.7 m | 32.8 m | |||

## EBIT | 15.4 m | 4.4 m | 9.7 m | 10.3 m | 15.4 m | |||

## EBIT margin, % | 12% | 3% | 6% | 5% | 8% | |||

## Interest expense | 155 k | 257 k | 375 k | 7.3 m | 7.4 m | |||

## Interest income | 257 k | 375 k | 7.3 m | 7.4 m | ||||

## Pre tax profit | 15.1 m | 4.2 m | 10 m | 2.2 m | 8.7 m | |||

## Income tax expense | 4.4 m | 1.2 m | 2.8 m | 476 k | 1.5 m | |||

## Net Income | 31.1 m | 13.8 m | 25.5 m | 36.3 m | 14.8 m | 21.9 m | 1.7 m | 8.9 m |

- Source: SEC Filings FY 2016, SEC Filings FY 2014

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 48.3 m | 60.4 m | 51.8 m | |

## Inventories | 78 m | 83.6 m | 86.3 m | 132.6 m |

## Current Assets | 329.3 m | 351 m | 327.7 m | 440.3 m |

## PP&E | 78.4 m | 81.6 m | 80.5 m | 100.8 m |

## Goodwill | 16.6 m | 26.1 m | 27.7 m | 369.7 m |

## Total Assets | 451.3 m | 487.4 m | 460.8 m | 1.2 b |

## Accounts Payable | 29.8 m | 27.2 m | 33 m | 46.4 m |

## Current Liabilities | 174.2 m | 203 m | 176.7 m | 216.1 m |

## Total Liabilities | 782.8 m | |||

## Additional Paid-in Capital | 6.1 m | 4.3 m | 154.9 m | |

## Retained Earnings | 240.3 m | 242.4 m | 255.7 m | 256.6 m |

## Total Equity | 258.1 m | 405.3 m | ||

## Financial Leverage | 1.8 x | 2.9 x |

USD | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|

## Cash | 55.3 m | 61.3 m | 53.3 m | 63.3 m | 172.7 m | 95.9 m | 97.4 m |

## Inventories | 89.6 m | 88.8 m | 92 m | 96 m | 93 m | 122.7 m | 125.1 m |

## Current Assets | 363.6 m | 359.7 m | 331.3 m | 362.2 m | 516.5 m | 430 m | 433.7 m |

## PP&E | 80.9 m | 79.9 m | 79.6 m | 82.6 m | 82.9 m | 98.7 m | 99.1 m |

## Goodwill | 27.6 m | 27.5 m | 27.5 m | 26.9 m | 26.5 m | 369.1 m | 369.2 m |

## Total Assets | 499.9 m | 493.3 m | 464.6 m | 498.4 m | 652.9 m | 1.2 b | 1.2 b |

## Accounts Payable | 29.6 m | 36.4 m | 28.2 m | 37.3 m | 37.7 m | 44.9 m | 41.5 m |

## Current Liabilities | 217.9 m | 221.7 m | 186 m | 216.9 m | 199.5 m | 211.7 m | 211.5 m |

## Additional Paid-in Capital | 6.1 m | 6.1 m | 1.7 m | 4.3 m | 153.1 m | 156.1 m | 157.3 m |

## Retained Earnings | 248.2 m | 246.4 m | 251 m | 253.9 m | 256 m | 253.3 m | 255.5 m |

## Total Equity | 247.5 m | 253.9 m | 252.2 m | 406.1 m | 398.2 m | 404 m | |

## Financial Leverage | 2 x | 1.8 x | 2 x | 1.6 x | 2.9 x | 2.9 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 57.8 m | 42 m | 45.5 m | 27.5 m |

## Depreciation and Amortization | 16.6 m | 19.3 m | 21.1 m | 24.1 m |

## Inventories | (9.6 m) | (4.6 m) | (4.1 m) | 3.4 m |

## Accounts Payable | (4 m) | (2.8 m) | 6.8 m | 5.6 m |

## Cash From Operating Activities | (2.1 m) | 64.7 m | 100.4 m | 67.9 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 k | 594 k | 816 k | 1.2 m |

## Income Taxes Paid | 22.6 m | 15.6 m | 10.2 m | 10.8 m |

USD | Q3, 2014^{} | Q1, 2014^{} | Q2, 2015^{} | Q3, 2015^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|

## Net Income | 31.1 m | 13.8 m | 25.5 m | 36.3 m | 14.8 m | 21.9 m | 1.7 m | 8.9 m |

## Depreciation and Amortization | 13.9 m | 5.2 m | 10.4 m | 15.5 m | 9.9 m | 14.4 m | 8.4 m | 16.8 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 m | 10.3 m | 1.9 m | 3.6 m | 4.8 m | 130 k | (3.6 m) |

## Cash From Operating Activities | 49 m | 12.9 m | 35.6 m | 71.9 m | 40.9 m | 45.7 m | 28.9 m | 41.2 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 k | 176 k | 451 k | 677 k | 349 k | 658 k | 10.4 m | 15.2 m |

## Income Taxes Paid | 12.8 m | 3.4 m | 8.3 m | 8.4 m | 8.3 m | 11.4 m | 6 m | 9.4 m |

Y, 2017 | |
---|---|

## Financial Leverage | 2.9 x |

MTS Systems's Backlog was reported to be $370.5 m in FY, 2016