OverviewSuggest Edit

MTS Systems (MTS) is a company that supplies test systems and industrial position sensors. The company provides mechanical test systems, material testing, fatigue testing and tensile testing services, motion simulation systems and calibration services, hydraulic actuators, rolling road simulators, shaker tables, and medical testing equipment. Its testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes.
TypePublic
Founded1966
HQEden Prairie, MN, US
Websitemts.com
Employee Ratings3.4
Overall CultureF

Latest Updates

Employees (est.) (Oct 2020)3,600(+3%)
Job Openings30
Revenue (FY, 2020)$828.6 M(-7%)
Share Price (Apr 2021)$58.5
Cybersecurity ratingBMore

Key People/Management at MTS Systems

Randy J. Martinez

Randy J. Martinez

Interim President and Chief Executive Officer, Director
Brian T. Ross

Brian T. Ross

Executive Vice President and Chief Financial Officer
Amanda R. Daniel

Amanda R. Daniel

Senior Vice President and Chief Human Resources Officer
Steven Harrison

Steven Harrison

Executive Vice President and President, Test and Simulation
Todd. J. Klemmensen

Todd. J. Klemmensen

Sr. Vice President, General Counsel and Secretary
Mark D. Losee

Mark D. Losee

Senior Vice President and Chief Information Officer
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MTS Systems Office Locations

MTS Systems has offices in Eden Prairie, Cary, São Paul, Port Perry and in 14 other locations
Eden Prairie, MN, US (HQ)
14000 Technology Dr
Cary, NC, US
3001 Sheldon Dr
São Paul, BR
Rua Luigi Galvani, 146 - 1° andar
Port Perry, CA
7 Brae Valley Ct
Tecumseh, CA
2334 Docherty Dr
Shanghai, CN
34f, tower b, no, 391 Guiping Rd, Xuhui Qu
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MTS Systems Financials and Metrics

MTS Systems Revenue

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MTS Systems's revenue was reported to be $828.59 m in FY, 2020 which is a 7.2% decrease from the previous period.
USD

Revenue (Q1, 2021)

198.8m

Gross profit (Q1, 2021)

74.4m

Gross profit margin (Q1, 2021), %

37.4%

Net income (Q1, 2021)

1.7m

EBIT (Q1, 2021)

4.6m

Market capitalization (9-Apr-2021)

1.1b

Closing stock price (9-Apr-2021)

58.5

Cash (2-Jan-2021)

112.6m

EV

1.6b
MTS Systems's current market capitalization is $1.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

778.0m892.5m828.6m

Revenue growth, %

(1%)15%(7%)

Cost of goods sold

472.5m563.6m540.2m

Gross profit

305.5m328.9m288.4m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

203.2m233.0m232.2m205.8m211.5m196.2m198.8m

Cost of goods sold

124.9m145.7m147.1m129.2m140.2m130.7m124.4m

Gross profit

78.3m87.4m85.1m76.6m71.2m65.5m74.4m

Gross profit Margin, %

39%37%37%37%34%33%37%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

71.8m57.9m88.9m

Accounts Receivable

122.2m121.3m128.7m

Prepaid Expenses

24.6m23.8m24.4m

Inventories

139.1m167.2m174.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

70.4m74.1m75.7m64.1m66.6m65.1m112.6m

Accounts Receivable

115.4m117.3m131.4m131.3m122.2m118.7m123.5m

Prepaid Expenses

30.1m32.3m27.1m21.1m28.3m30.4m32.0m

Inventories

183.5m179.1m164.9m177.0m180.2m177.2m179.6m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

61.3m43.1m(272.1m)

Depreciation and Amortization

34.5m38.0m46.7m

Inventories

(12.3m)8.7m(6.1m)

Accounts Payable

(846.0k)(4.6m)(7.4m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

10.5m24.7m38.2m5.3m4.2m8.6m1.7m

Depreciation and Amortization

10.0m18.5m28.2m10.4m23.1m34.6m11.3m

Inventories

(15.8m)(12.9m)1.0m(9.7m)(13.6m)(10.4m)(4.1m)

Accounts Payable

(2.8m)(10.4m)(11.4m)913.0k1.1m(6.4m)7.2m
USDFY, 2018

EV/EBIT

19.9 x

EV/CFO

20.5 x

Revenue/Employee

228.8k

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

2.4 x

P/E Ratio

17.2
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MTS Systems Operating Metrics

MTS Systems's Backlog was reported to be $457.6m in FY, 2020.
FY, 2014FY, 2015Aug, 2016FY, 2016Apr, 2017May, 2017FY, 2017FY, 2018FY, 2019FY, 2020

Backlog

$326.47 m$353.01 m$370.52 m$360.02 m$415.16 m$420.12 m$457.59 m

Backlog (Sensors)

$48.47 m$69.15 m$77.46 m$71.68 m

Backlog (Test and Simulation)

$311.55 m$346.01 m$342.65 m$385.91 m

Manufacturing Facilities

161616161515
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MTS Systems Acquisitions / Subsidiaries

Company NameDateDeal Size
E2M TechnologiesNovember 26, 2018$80.29 m
PCB GroupApril 06, 2016$580 m
Instrument and Calibration SwedenJune 29, 2015
Roehrig Engineering IncJune 19, 2014$15 m
SANS GroupSeptember 28, 2008$49.4 m
DSP TechnologyMay 28, 1999
3395 Walden Avenue Acquisition Corp
Accumetrics, Inc.
Dalimar Instruments ULC
DI U.S. Holdings, Inc.
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MTS Systems Revenue Breakdown

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MTS Systems revenue breakdown by business segment: 40.9% from Sensors and 59.1% from Test

MTS Systems revenue breakdown by geographic segment: 28.5% from Europe, 34.8% from U.S., 19.5% from China, 12.9% from Asia, excluding China and 4.3% from Other

Human Capital Metrics

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MTS Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

MTS Systems Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

MTS Systems Online and Social Media Presence

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MTS Systems Company Culture

  • Overall Culture

    F

    46/100

  • CEO Rating

    F

    40/100

  • Compensation

    D

    56/100

Learn more on Comparably

MTS Systems News and Updates

MTS Shareholders Approve Merger with Amphenol

MTS Systems Corporation (Nasdaq: MTSC) ("MTS") today announced that, based on the preliminary voting results from a special meeting of shareholders held today, MTS' shareholders have approved the adoption of the previously announced merger agreement relating to the proposed transaction between MTS a…

MTS Systems Announces Analyst Day Webcast

EDEN PRAIRIE, Minn., Aug. 29, 2019 /PRNewswire/ -- MTS Systems Corporation will host its previously announced Analyst Day on Wednesday September 4, 2019, in Eden Prairie, MN. Presentations by the Company's senior management team, led by President and CEO Jeffrey Graves, will begin at...

MTS Systems to Present at the Baird 2018 Global Industrial Conference

EDEN PRAIRIE, Minn., Oct. 25, 2018 /PRNewswire/ -- MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and sensors, today announced that Dr. Jeffrey Graves, President and CEO, will make a presentation to the investment community at the Baird...

MTS Systems to Present at Intellisight 2018 Conference

EDEN PRAIRIE, Minn., Aug. 1, 2018 /PRNewswire/ -- MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and sensors, today announced that Dr. Jeffrey Graves, President and CEO, will make a presentation to the investment community at the...

MTS Systems Blogs

MTS Shareholders Approve Merger with Amphenol

EDEN PRAIRIE, Minn. , March 4, 2021 /PRNewswire/ -- MTS Systems Corporation (Nasdaq: MTSC) ("MTS") today announced that, based on the preliminary voting results from a special meeting of shareholders held today, MTS' shareholders have approved the adoption of the previously announced merger

MTS Reports Fiscal Year 2020 Fourth Quarter And Full Year Financial Results

Announced all-cash acquisition by Amphenol Corporation for $58.50 per share EDEN PRAIRIE, Minn. , Dec. 15, 2020 /PRNewswire/ -- MTS Systems Corporation (Nasdaq: MTSC), a leading global supplier of advanced test systems, motion simulators and precision sensors, today reported financial results for

Amphenol Corporation to Acquire MTS Systems

Amphenol Corporation to Acquire MTS Systems william.meady@… Wed, 12/09/2020 - 08:01 Amphenol Corporation to Acquire MTS Systems Dec 09, 2020 This release is a backfill from a News Wire General WALLINGFORD, Conn. & EDEN PRAIRIE, M…

MTS Announces Fourth Quarter 2020 Earnings Release Date and Conference Call

EDEN PRAIRIE, Minn. , Nov. 23, 2020 /PRNewswire/ -- MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of advanced test systems, motion simulators and precision sensors, today announced that it will release its fourth quarter results on December 15, 2020 before market open.

MTS Awarded Contracts Valued At $2.5 Million For New Electric Systems

MTS Awarded Contracts Valued At $2.5 Million For New Electric Systems Content Import Tue, 11/10/2020 - 16:06 MTS Awarded Contracts Valued At $2.5 Million For New Electric Systems Nov 10, 2020 This release is a backfill from a News Wire General …

MTS Awarded $7 Million Contract For Tire Test Systems

Represents MTS' largest customer order in India EDEN PRAIRIE, Minn. , Oct. 27, 2020 /PRNewswire/ -- MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of advanced test systems, motion simulators and precision sensors, today announced that it will provide two state-of-the-art tire
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MTS Systems Frequently Asked Questions

  • When was MTS Systems founded?

    MTS Systems was founded in 1966.

  • Who are MTS Systems key executives?

    MTS Systems's key executives are Randy J. Martinez, Brian T. Ross and Amanda R. Daniel.

  • How many employees does MTS Systems have?

    MTS Systems has 3,600 employees.

  • What is MTS Systems revenue?

    Latest MTS Systems annual revenue is $828.6 m.

  • What is MTS Systems revenue per employee?

    Latest MTS Systems revenue per employee is $230.2 k.

  • Who are MTS Systems competitors?

    Competitors of MTS Systems include AB Dynamics, NAGANO KEIKI and Sparton.

  • Where is MTS Systems headquarters?

    MTS Systems headquarters is located at 14000 Technology Dr, Eden Prairie.

  • Where are MTS Systems offices?

    MTS Systems has offices in Eden Prairie, Cary, São Paul, Port Perry and in 14 other locations.

  • How many offices does MTS Systems have?

    MTS Systems has 18 offices.