MTS Systems (MTSC) Financials

-1.50 (-2.73%)

$979.7 M

MTSC Mkt cap, 14-Jun-2018

MTS Systems Revenue Q2, 2018

MTS Systems Gross profit (Q2, 2018)152.8 M

MTS Systems Gross profit margin (Q2, 2018), %39.6%

MTS Systems Net income (Q2, 2018)41.6 M

MTS Systems EBIT (Q2, 2018)33.1 M

MTS Systems Cash, 31-Mar-201884.4 M

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MTS Systems revenue breakdown by business segment: 21.2% from Sensors and 78.8% from Test

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	569.4 m	564.3 m	563.9 m	650.1 m	788 m
Revenue growth, %		(1%)	0%	15%
Cost of goods sold	337.5 m	340.7 m	344.3 m	418.7 m	485.7 m
Gross profit	231.9 m	223.6 m	219.6 m	231.4 m	302.3 m
Gross profit Margin, %	41%	40%	39%	36%	38%
Sales and marketing expense	81 m	88.1 m
R&D expense	22.8 m	23.8 m		25.3 m	35 m
General and administrative expense	48.2 m	51.4 m		69.3 m	87.5 m
Operating expense total	152.4 m	164.5 m		94.6 m	247.5 m
EBIT	80 m	60.3 m	61.5 m	41.8 m	54.8 m
EBIT margin, %	14%	11%	11%	6%	7%
Interest expense	334 k	692 k	795 k	8.5 m	30.8 m
Interest income			795 k	8.5 m
Pre tax profit	79.3 m	58.4 m	59.2 m	33.5 m	23 m
Income tax expense	21.4 m	16.4 m	13.7 m	6 m	(2.1 m)
Net Income	57.8 m	42 m	45.5 m	27.5 m	25.1 m

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Revenue						133.9 m	137.1 m	157.7 m	199.3 m	193.4 m	193.8 m	194.2 m	385.5 m
Cost of goods sold						80.7 m	92 m	99.6 m	125.8 m	114.6 m	118.2 m	116.2 m	232.7 m
Gross profit						53.2 m	45.1 m	58.1 m	73.5 m	78.9 m	75.6 m	77.9 m	152.8 m
Gross profit Margin, %						40%	33%	37%	37%	41%	39%	40%	40%
Sales and marketing expense												32 m	62.6 m
R&D expense						5.8 m	5.8 m	6.2 m	8.7 m	9.3 m	8.4 m	8.8 m	17.5 m
General and administrative expense						11.5 m	14 m	18.9 m	24 m	23.6 m	18.7 m	20.6 m	39.6 m
Operating expense total						37.8 m	40.8 m	48.4 m	63.2 m	63.4 m	58.9 m	61.4 m	119.6 m
EBIT						15.4 m	4.4 m	9.7 m	10.3 m	15.4 m	16.6 m	16.5 m	33.1 m
EBIT margin, %						12%	3%	6%	5%	8%	9%	8%	9%
Interest expense						155 k	257 k	375 k	7.3 m	7.4 m	7.7 m	6.8 m	13.5 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	8 m	9.5 m	19.6 m
Income tax expense						4.4 m	1.2 m	2.8 m	476 k	1.5 m	(2.6 m)	(23.7 m)	(21.9 m)
Net Income	9.1 m	7.8 m	14.1 m	13.8 m	11.7 m	10.8 m	3 m	7.2 m	1.7 m	7.2 m	10.6 m	33.2 m	41.6 m

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	48.3 m	60.4 m	51.8 m		108.7 m
Accounts Receivable
Inventories	78 m	83.6 m	86.3 m	132.6 m	127.7 m
Current Assets	329.3 m	351 m	327.7 m	440.3 m	457.2 m
PP&E	78.4 m	81.6 m	80.5 m	100.8 m	99.9 m
Goodwill	16.6 m	26.1 m	27.7 m	369.7 m	369.8 m
Total Assets	451.3 m	487.4 m	460.8 m	1.2 b	1.2 b
Accounts Payable	29.8 m	27.2 m	33 m	46.4 m	47.5 m
Short-term debt	35 m	60 m	21.2 m
Current Liabilities	174.2 m	203 m	176.7 m	216.1 m	247.4 m
Long-term debt
Total Liabilities				782.8 m	760.9 m
Additional Paid-in Capital		6.1 m	4.3 m	154.9 m	163.6 m
Retained Earnings	240.3 m	242.4 m	255.7 m	256.6 m	261.3 m
Total Equity			258.1 m	405.3 m	428.8 m
Financial Leverage			1.8 x	2.9 x	2.8 x

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Cash	55.3 m	61.3 m	53.3 m	63.3 m	172.7 m	95.9 m	97.4 m	101.6 m	94.1 m	84.4 m
Inventories	89.6 m	88.8 m	92 m	96 m	93 m	122.7 m	125.1 m	129.4 m	133.5 m	143.5 m
Current Assets	363.6 m	359.7 m	331.3 m	362.2 m	516.5 m	430 m	433.7 m	444.7 m	445.6 m	432.4 m
PP&E	80.9 m	79.9 m	79.6 m	82.6 m	82.9 m	98.7 m	99.1 m	101.1 m	97.6 m	95.6 m
Goodwill	27.6 m	27.5 m	27.5 m	26.9 m	26.5 m	369.1 m	369.2 m	369.4 m	370 m	370.5 m
Total Assets	499.9 m	493.3 m	464.6 m	498.4 m	652.9 m	1.2 b	1.2 b	1.2 b	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	44.5 m	48.9 m	47.4 m
Short-term debt	65 m	70.9 m	36.2 m	21.4 m		40.9 m			5 m
Current Liabilities	217.9 m	221.7 m	186 m	216.9 m	199.5 m	211.7 m	211.5 m	215.8 m	260.2 m	257.1 m
Total Debt	65 m	70.9 m	36.2 m	21.4 m		40.9 m			5 m
Total Liabilities	245.7 m	245.9 m	210.6 m	246.2 m	246.8 m	772.6 m	767.9 m	762.2 m	711.4 m	683.7 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	162.3 m	164.6 m	166.8 m
Retained Earnings	248.2 m	246.4 m	251 m	253.9 m	256 m	253.3 m	255.5 m	261 m	289.1 m	292.2 m
Total Equity		247.5 m	253.9 m	252.2 m	406.1 m	398.2 m	404 m	419.4 m	461.6 m	472.2 m
Debt to Equity Ratio						0.1 x
Debt to Assets Ratio						0 x
Financial Leverage		2 x	1.8 x	2 x	1.6 x	2.9 x	2.9 x	2.8 x	2.5 x	2.4 x

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	57.8 m	42 m	45.5 m	27.5 m	25.1 m
Depreciation and Amortization	16.6 m	19.3 m	21.1 m	24.1 m	35.5 m
Accounts Receivable
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	1.8 m
Cash From Operating Activities	(2.1 m)	64.7 m	100.4 m	67.9 m	71.7 m
Purchases of PP&E	(29.7 m)	(20 m)	(18.4 m)	(20.8 m)	(17.8 m)
Cash From Investing Activities		(34.2 m)	(19.1 m)	(600.2 m)	(18.6 m)
Cash From Financing Activities	1.3 m	(15.9 m)	(84.8 m)	564.5 m	(30.5 m)
Interest Paid	146 k	594 k	816 k	1.2 m	29.9 m
Income Taxes Paid	22.6 m	15.6 m	10.2 m	10.8 m	11.5 m

USD	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018
Net Income	9.1 m	16.9 m	31.1 m	13.8 m	25.5 m	36.3 m	14.8 m	21.9 m	1.7 m	8.9 m	19.5 m	33.2 m	41.6 m
Depreciation and Amortization	4.5 m	9 m	13.9 m	5.2 m	10.4 m	15.5 m	9.9 m	14.4 m	8.4 m	16.8 m	25.4 m	8.7 m	17.3 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)	(14.4 m)
Accounts Payable	(2.3 m)	(1.3 m)	(5.1 m)	2.9 m	10.3 m	1.9 m	3.6 m	4.8 m	130 k	(3.6 m)	(452 k)	1.2 m	(901 k)
Cash From Operating Activities	23.8 m	24.1 m	49 m	12.9 m	35.6 m	71.9 m	40.9 m	45.7 m	28.9 m	41.2 m	52.4 m	9.2 m	37.3 m
Purchases of PP&E	(4.6 m)	(10.5 m)	(16 m)	(4.5 m)	(9.1 m)	(12.7 m)	(11.2 m)	(16.2 m)	(4.7 m)	(9.3 m)	(13.2 m)	(2.8 m)	(5.4 m)
Cash From Investing Activities			(30.7 m)			(12.7 m)	(9.9 m)	(58.2 m)	(4.6 m)	(9.3 m)	(14.2 m)	(2.7 m)	(4.5 m)
Cash From Financing Activities	(14.2 m)	(18.2 m)	(10.3 m)	(11.3 m)	(20.8 m)	(61.8 m)	(20.1 m)	132.9 m	(8.7 m)	(16.5 m)	(20.9 m)	(22.8 m)	(61.1 m)
Interest Paid	114 k	202 k	388 k	176 k	451 k	677 k	349 k	658 k	10.4 m	15.2 m		5.8 m	11.3 m
Income Taxes Paid	3.6 m	9.9 m	12.8 m	3.4 m	8.3 m	8.4 m	8.3 m	11.4 m	6 m	9.4 m		2.3 m	5 m