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MTS Systems Corp (MTSC.OQ)

MTSC.OQ on NASDAQ Stock Exchange Global Select Market

54.55USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

MTS Reports Qtrly ‍Earnings Per Share $0.29
Monday, 27 Nov 2017 

Nov 27 (Reuters) - MTS Systems Corp ::MTS REPORTS FISCAL YEAR 2017 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS.SEES FY 2018 GAAP EARNINGS PER SHARE $2.05 TO $2.30.SEES FY 2018 REVENUE $780 MILLION TO $820 MILLION.Q4 REVENUE $201.5 MILLION VERSUS I/B/E/S VIEW $194.5 MILLION.- ‍TEST ORDERS FOR QUARTER WERE $153.3 MILLION, A 28.2 PERCENT SEQUENTIAL INCREASE OVER Q3 OF FISCAL 2017​.QTRLY ‍ EARNINGS PER SHARE $0.29​.Q4 EARNINGS PER SHARE VIEW $0.36 -- THOMSON REUTERS I/B/E/S.- ‍ 2018 GUIDANCE REFLECTS ADDITIONAL RESTRUCTURING EXPENSES OF $1.0 MILLION TO $3.0 MILLION FOR ACTIONS INITIATED IN FISCAL YEAR 2017​.- ‍ FORECASTING ADJUSTED EBITDA FOR 2018 TO RANGE BETWEEN $120 MILLION AND $140 MILLION​.- ‍ EXPECT TO EXPERIENCE FLAT TO SLIGHTLY DECLINING REVENUE GROWTH AND MODEST EARNINGS GROWTH FOR 2018 FOR TEST BUSINESS​.QTRLY ‍ADJUSTED DILUTED EARNINGS PER SHARE $0.44​.  Full Article

MTS Systems Corp says on July 6, co entered into amendment to its credit agreement dated as of July 5, 2016
Thursday, 6 Jul 2017 

July 6 (Reuters) - MTS Systems Corp ::MTS Systems Corp says on July 6, co entered into an amendment to its credit agreement dated as of July 5, 2016 - sec filing.MTS systems-agreement amended to decrease applicable interest rate margin for tranche b term loans by 100 basis points for eurocurrency, ABR term loans.MTS Systems Corp - applicable margin for tranche b term loans designated as eurocurrency term loans will be 3.25%.MTS Systems Corp - applicable rate for tranche b term loans designated as abr term loans will be 2.25%.  Full Article

MTS Reprices $457 million senior secured term loan B facility
Thursday, 6 Jul 2017 

July 6 (Reuters) - Mts Systems Corp :MTS Reprices $457 million senior secured term loan b facility.Mts Systems Corp says company also repriced its revolving credit facility of up to $120 million to reduce applicable rate by 100 basis points.Mts Systems-‍new applicable rate is libor plus 325 basis points, subject to a .75 percent libor floor, resulting in interest savings of over $4 million per year​.  Full Article

Test Research to pay cash dividend of T$3 per share for 2016
Wednesday, 22 Feb 2017 

Test Research Inc <3030.TW>:Says it will pay cash dividend of T$3 per share for 2016.  Full Article

MTS Q3 earnings per share $0.78 excluding items
Monday, 8 Aug 2016 

Mts Systems Corp : Mts reports fiscal 2016 third quarter financial results . Q3 earnings per share $0.78 excluding items . Sees fy 2016 revenue $630 million to $640 million . Q3 earnings per share view $0.74 -- Thomson Reuters I/B/E/S . Sees fy 2016 gaap earnings per share $1.35 to $1.50 . Q3 gaap earnings per share $0.46 . Q3 revenue $158 million versus i/b/e/s view $146.8 million . says expects fiscal 2016 gaap eps to be in range of $1.35-$1.50 per share . In q4,expect to incur additional transaction-related amortization expense of about $3 million,net interest expense expected to be about $7 million . Mts systems corp says expect fiscal 2016 revenue to be between $630 million and $640 million .Fy2016 earnings per share view $2.73 -- Thomson Reuters I/B/E/S.  Full Article

MTS Systems Corp says entered into an amendment to credit agreement
Monday, 1 Aug 2016 

Mts Systems Corp : After giving effect to amendment, revolving commitment under senior secured credit facility is $120 million . On July 29, 2016, MTS Systems Corporation entered into an amendment to its credit agreement dated as of July 5, 2016 - sec filing . Credit agreement was amended to increase revolving commitment by $20 million Source - (http://bit.ly/2aJuJAr) Further company coverage: [MTSC.O] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

MTS Systems entered into credit agreement - SEC filing
Thursday, 7 Jul 2016 

Mts Systems Corp: On July 5, entered into a credit agreement among company, company's foreign subsidiaries - SEC filing . Agreement provides for senior secured credit facilities consisting of $100 million revolving credit facility, $460 million term loan b facility . Proceeds of revolving credit facility will be used to refinance existing indebtedness .Amounts borrowed by foreign subsidiary borrowers are limited to total U.S. Dollar equivalent aggregate amount of $25 million.  Full Article

MTS Systems Corp says sells 150,000 additional 8.75% equity units
Friday, 17 Jun 2016 

MTS Systems Corp - :Sells 150,000 additional 8.75% tangible equity units pursuant to underwriters' over-allotment option.  Full Article

MTS sells 247,500 additional shares
Tuesday, 14 Jun 2016 

MTS Systems Corp :MTS sells 247,500 additional shares of common stock pursuant to underwriters' over-allotment option.  Full Article

MTS Systems files for potential mixed shelf offering - SEC filing
Tuesday, 7 Jun 2016 

MTS Systems Corp :Files for potential mixed shelf offering, size not disclosed - SEC filing.  Full Article

LPC: Loan borrowers warn US tax policy may hit future earnings

NEW YORK, Dec 8 Issuers of US leveraged loans, including sensors supplier MTS Systems and department store retailer JC Penney, are warning investors that a provision in the US tax reform bills may weaken their future results.