$872.1 M

MTSC Mkt cap, 04-Dec-2018

$778 M

MTS Systems Revenue FY, 2018
MTS Systems Gross profit (FY, 2018)305.5 M
MTS Systems Gross profit margin (FY, 2018), %39.3%
MTS Systems Net income (FY, 2018)61.3 M
MTS Systems EBIT (FY, 2018)65.2 M
MTS Systems Cash, 29-Sep-201871.8 M

MTS Systems Revenue

MTS Systems revenue was $778.03 m in FY, 2018

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MTS Systems Revenue Breakdown

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MTS Systems revenue breakdown by business segment: 36.0% from Sensors and 64.0% from Test

MTS Systems revenue breakdown by geographic segment: 24.4% from Europe, 31.3% from U.S., 22.1% from China, 18.1% from Asia, excluding China and 4.1% from Other

MTS Systems Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

569.4m564.3m563.9m650.1m788.0m778.0m

Revenue growth, %

(1%)0%15%21%

Cost of goods sold

337.5m340.7m344.3m418.7m485.7m472.5m

Gross profit

231.9m223.6m219.6m231.4m302.3m305.5m

Gross profit Margin, %

41%40%39%36%38%39%

Sales and marketing expense

81.0m88.1m83.0m95.0m124.9m126.3m

R&D expense

22.8m23.8m23.7m25.3m35.0m34.8m

General and administrative expense

48.2m51.4m51.4m69.3m87.5m79.2m

Operating expense total

152.4m164.5m158.1m189.6m247.5m240.4m

EBIT

80.0m60.3m61.5m41.8m54.8m65.2m

EBIT margin, %

14%11%11%6%7%8%

Interest expense

334.0k692.0k795.0k8.5m30.8m25.9m

Pre tax profit

79.3m58.4m59.2m33.5m23.0m44.2m

Income tax expense

21.4m16.4m13.7m6.0m(2.1m)(17.1m)

Net Income

57.8m42.0m45.5m27.5m25.1m61.3m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

133.9m137.1m157.7m199.3m193.4m193.8m194.2m385.5m580.2m

Cost of goods sold

80.7m92.0m99.6m125.8m114.6m118.2m116.2m232.7m351.1m

Gross profit

53.2m45.1m58.1m73.5m78.9m75.6m77.9m152.8m229.0m

Gross profit Margin, %

40%33%37%37%41%39%40%40%39%

Sales and marketing expense

32.0m62.6m94.8m

R&D expense

5.8m5.8m6.2m8.7m9.3m8.4m8.8m17.5m26.2m

General and administrative expense

11.5m14.0m18.9m24.0m23.6m18.7m20.6m39.6m58.6m

Operating expense total

37.8m40.8m48.4m63.2m63.4m58.9m61.4m119.6m179.7m

EBIT

15.4m4.4m9.7m10.3m15.4m16.6m16.5m33.1m49.4m

EBIT margin, %

12%3%6%5%8%9%8%9%9%

Interest expense

155.0k257.0k375.0k7.3m7.4m7.7m6.8m13.5m19.8m

Pre tax profit

15.1m4.2m10.0m2.2m8.7m8.0m9.5m19.6m29.7m

Income tax expense

4.4m1.2m2.8m476.0k1.5m(2.6m)(23.7m)(21.9m)(20.9m)

Net Income

9.1m7.8m14.1m13.8m11.7m10.8m3.0m7.2m1.7m7.2m10.6m33.2m41.6m50.6m

MTS Systems Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

48.3m60.4m51.8m84.8m108.7m71.8m

Accounts Receivable

133.5m124.0m

Prepaid Expenses

12.8m19.9m

Inventories

78.0m83.6m86.3m132.6m127.7m139.1m

Current Assets

329.3m351.0m327.7m440.3m457.2m428.2m

PP&E

78.4m81.6m80.5m100.8m99.9m90.3m

Goodwill

16.6m26.1m27.7m369.7m369.8m369.3m

Total Assets

451.3m487.4m460.8m1.2b1.2b1.1b

Accounts Payable

29.8m27.2m33.0m46.4m47.5m47.9m

Short-term debt

35.0m60.0m21.2m9.9m39.1m

Current Liabilities

174.2m203.0m176.7m216.1m247.4m239.1m

Long-term debt

455.0m418.5m

Total Debt

35.0m60.0m21.2m464.9m457.6m

Total Liabilities

782.8m760.9m661.5m

Common Stock

4.2m4.4m

Additional Paid-in Capital

6.1m4.3m154.9m163.6m171.4m

Retained Earnings

240.3m242.4m255.7m256.6m261.3m300.6m

Total Equity

258.1m405.3m428.8m477.9m

Financial Leverage

1.8 x2.9 x2.8 x2.4 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

53.5m43.7m56.6m55.3m61.3m53.3m63.3m172.7m95.9m97.4m101.6m94.1m84.4m66.4m

Inventories

79.6m79.4m82.2m89.6m88.8m92.0m96.0m93.0m122.7m125.1m129.4m133.5m143.5m142.4m

Current Assets

325.4m333.6m343.6m363.6m359.7m331.3m362.2m516.5m430.0m433.7m444.7m445.6m432.4m412.1m

PP&E

79.4m81.3m83.1m80.9m79.9m79.6m82.6m82.9m98.7m99.1m101.1m97.6m95.6m94.3m

Goodwill

16.8m16.5m33.3m27.6m27.5m27.5m26.9m26.5m369.1m369.2m369.4m370.0m370.5m369.8m

Total Assets

446.5m455.6m482.8m499.9m493.3m464.6m498.4m652.9m1.2b1.2b1.2b1.2b1.2b1.1b

Accounts Payable

27.5m28.2m25.1m29.6m36.4m28.2m37.3m37.7m44.9m41.5m44.5m48.9m47.4m47.4m

Short-term debt

35.0m45.0m65.0m65.0m70.9m36.2m21.4m40.9m5.0m

Current Liabilities

169.9m184.5m206.3m217.9m221.7m186.0m216.9m199.5m211.7m211.5m215.8m260.2m257.1m246.4m

Total Debt

35.0m45.0m65.0m65.0m70.9m36.2m21.4m40.9m5.0m

Total Liabilities

192.3m207.5m229.9m245.7m245.9m210.6m246.2m246.8m772.6m767.9m762.2m711.4m683.7m657.4m

Additional Paid-in Capital

6.1m6.1m1.7m4.3m153.1m156.1m157.3m162.3m164.6m166.8m169.3m

Retained Earnings

236.3m232.0m236.0m248.2m246.4m251.0m253.9m256.0m253.3m255.5m261.0m289.1m292.2m295.8m

Total Equity

247.5m253.9m252.2m406.1m398.2m404.0m419.4m461.6m472.2m472.6m

Debt to Equity Ratio

0.3 x0.1 x0.1 x0.1 x0 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0 x0 x0 x

Financial Leverage

2 x1.8 x2 x1.6 x2.9 x2.9 x2.8 x2.5 x2.4 x2.4 x

MTS Systems Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

57.8m42.0m45.5m27.5m25.1m61.3m

Depreciation and Amortization

16.6m19.3m21.1m24.1m35.5m34.5m

Accounts Receivable

3.3m(22.1m)7.7m

Inventories

(9.6m)(4.6m)(4.1m)3.4m(2.3m)(12.3m)

Accounts Payable

(4.0m)(2.8m)6.8m5.6m1.8m(846.0k)

Cash From Operating Activities

(2.1m)64.7m100.4m67.9m71.7m63.2m

Purchases of PP&E

(29.7m)(20.0m)(18.4m)(20.8m)(17.8m)(12.3m)

Cash From Investing Activities

(34.2m)(19.1m)(600.2m)(18.6m)(4.7m)

Short-term Borrowings

(50.0m)(41.3m)

Long-term Borrowings

(19.8m)(5.7m)

Dividends Paid

(22.4m)(13.9m)(20.1m)

Cash From Financing Activities

1.3m(15.9m)(84.8m)564.5m(30.5m)(94.6m)

Net Change in Cash

(8.6m)33.0m24.0m

Interest Paid

146.0k594.0k816.0k1.2m29.9m22.2m

Income Taxes Paid

22.6m15.6m10.2m10.8m11.5m11.4m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

9.1m16.9m31.1m13.8m25.5m36.3m14.8m21.9m1.7m8.9m19.5m33.2m41.6m50.6m

Depreciation and Amortization

4.5m9.0m13.9m5.2m10.4m15.5m9.9m14.4m8.4m16.8m25.4m8.7m17.3m25.9m

Inventories

(1.3m)(1.1m)(2.7m)(6.7m)(6.8m)(9.5m)(9.4m)(6.9m)227.0k(1.9m)(5.1m)(5.5m)(14.4m)(15.2m)

Accounts Payable

(2.3m)(1.3m)(5.1m)2.9m10.3m1.9m3.6m4.8m130.0k(3.6m)(452.0k)1.2m(901.0k)(283.0k)

Cash From Operating Activities

23.8m24.1m49.0m12.9m35.6m71.9m40.9m45.7m28.9m41.2m52.4m9.2m37.3m52.1m

Purchases of PP&E

(4.6m)(10.5m)(16.0m)(4.5m)(9.1m)(12.7m)(11.2m)(16.2m)(4.7m)(9.3m)(13.2m)(2.8m)(5.4m)(9.8m)

Cash From Investing Activities

(30.7m)(12.7m)(9.9m)(58.2m)(4.6m)(9.3m)(14.2m)(2.7m)(4.5m)(8.9m)

Cash From Financing Activities

(14.2m)(18.2m)(10.3m)(11.3m)(20.8m)(61.8m)(20.1m)132.9m(8.7m)(16.5m)(20.9m)(22.8m)(61.1m)(85.6m)

Interest Paid

114.0k202.0k388.0k176.0k451.0k677.0k349.0k658.0k10.4m15.2m5.8m11.3m16.8m

Income Taxes Paid

3.6m9.9m12.8m3.4m8.3m8.4m8.3m11.4m6.0m9.4m2.3m5.0m7.6m

MTS Systems Ratios

USDY, 2018

Financial Leverage

2.4 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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MTS Systems Employee Rating

2.5139 votes
Culture & Values
2.4
Work/Life Balance
2.8
Senior Management
1.9
Salary & Benefits
3.2
Career Opportunities
2.7
Source