$979.7 M

MTSC Mkt cap, 14-Jun-2018

$385.5 M

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

MTS Systems Revenue Breakdown

Embed Graph

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

MTS Systems Financials

MTS Systems Income Statement

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

Gross profit Margin, %

41%40%39%36%38%

Sales and marketing expense

81 m88.1 m

R&D expense

22.8 m23.8 m25.3 m35 m

General and administrative expense

48.2 m51.4 m69.3 m87.5 m

Operating expense total

152.4 m164.5 m94.6 m247.5 m

EBIT

80 m60.3 m61.5 m41.8 m54.8 m

EBIT margin, %

14%11%11%6%7%

Interest expense

334 k692 k795 k8.5 m30.8 m

Interest income

795 k8.5 m

Pre tax profit

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

Income tax expense

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

Net Income

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

Quarterly

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Sales and marketing expense

32 m62.6 m

R&D expense

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

General and administrative expense

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

Operating expense total

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

EBIT

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

EBIT margin, %

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

Interest expense

155 k257 k375 k7.3 m7.4 m7.7 m6.8 m13.5 m

Interest income

257 k375 k7.3 m7.4 m

Pre tax profit

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

Income tax expense

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

Net Income

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

MTS Systems Balance Sheet

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

PP&E

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

Goodwill

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

Total Assets

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

Accounts Payable

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

Short-term debt

35 m60 m21.2 m

Current Liabilities

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

Long-term debt

Total Liabilities

782.8 m760.9 m

Additional Paid-in Capital

6.1 m4.3 m154.9 m163.6 m

Retained Earnings

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

Total Equity

258.1 m405.3 m428.8 m

Financial Leverage

1.8 x2.9 x2.8 x

Quarterly

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

Cash

55.3 m61.3 m53.3 m63.3 m172.7 m95.9 m97.4 m101.6 m94.1 m84.4 m

Inventories

89.6 m88.8 m92 m96 m93 m122.7 m125.1 m129.4 m133.5 m143.5 m

Current Assets

363.6 m359.7 m331.3 m362.2 m516.5 m430 m433.7 m444.7 m445.6 m432.4 m

PP&E

80.9 m79.9 m79.6 m82.6 m82.9 m98.7 m99.1 m101.1 m97.6 m95.6 m

Goodwill

27.6 m27.5 m27.5 m26.9 m26.5 m369.1 m369.2 m369.4 m370 m370.5 m

Total Assets

499.9 m493.3 m464.6 m498.4 m652.9 m1.2 b1.2 b1.2 b1.2 b1.2 b

Accounts Payable

29.6 m36.4 m28.2 m37.3 m37.7 m44.9 m41.5 m44.5 m48.9 m47.4 m

Short-term debt

65 m70.9 m36.2 m21.4 m40.9 m5 m

Current Liabilities

217.9 m221.7 m186 m216.9 m199.5 m211.7 m211.5 m215.8 m260.2 m257.1 m

Total Debt

65 m70.9 m36.2 m21.4 m40.9 m5 m

Total Liabilities

245.7 m245.9 m210.6 m246.2 m246.8 m772.6 m767.9 m762.2 m711.4 m683.7 m

Additional Paid-in Capital

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

Retained Earnings

248.2 m246.4 m251 m253.9 m256 m253.3 m255.5 m261 m289.1 m292.2 m

Total Equity

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

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

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

MTS Systems Cash Flow

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

Accounts Receivable

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

Cash From Operating Activities

(2.1 m)64.7 m100.4 m67.9 m71.7 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 k594 k816 k1.2 m29.9 m

Income Taxes Paid

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

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 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 m41.6 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 m17.3 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 m10.3 m1.9 m3.6 m4.8 m130 k(3.6 m)(452 k)1.2 m(901 k)

Cash From Operating Activities

23.8 m24.1 m49 m12.9 m35.6 m71.9 m40.9 m45.7 m28.9 m41.2 m52.4 m9.2 m37.3 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 k202 k388 k176 k451 k677 k349 k658 k10.4 m15.2 m5.8 m11.3 m

Income Taxes Paid

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

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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