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MTS Systems Corp (MTSC.OQ)

MTSC.OQ on NASDAQ Stock Exchange Global Select Market

53.35USD
18 Apr 2018
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Latest Key Developments (Source: Significant Developments)

MTS Systems Announces Workforce Reductions & Manufacturing Facility Closures
Tuesday, 13 Mar 2018 

March 13 (Reuters) - MTS Systems Corp ::MTS SYSTEMS - ANNOUNCES WORKFORCE REDUCTIONS & MANUFACTURING FACILITY CLOSURES IN TEST SEGMENT RELATING TO TRANSFER OF PRODUCTION OPERATIONS IN CHINA.MTS SYSTEMS - ACTIONS TO IMPACT 2 TEST CHINA MANUFACTURING FACILITIES WITH NO CHANGES ANTICIPATED IN U.S. OR EUROPEAN OPERATIONS FROM TRANSFER.MTS SYSTEMS CORP - ‍ANTICIPATES RESTRUCTURING ACTION TO BE COMPLETED BY END OF FISCAL YEAR 2018 WITH MAJORITY OF CASH PAID IN Q4 OF FISCAL YEAR 2018​.MTS SYSTEMS SAYS ESTIMATES IT WILL INCUR A TOTAL OF ABOUT $3.2 TO $5.2 MILLION OF PRE-TAX RESTRUCTURING EXPENSES RELATED TO ACTION - SEC FILING.MTS SYSTEMS - WORKFORCE REDUCTIONS & FACILITY CLOSURES IN CHINA RELATE TO TRANSFER OF PRODUCTION OPERATIONS TO CONTRACT MANUFACTURING PARTNER.  Full Article

MTS Q1 GAAP EARNINGS PER SHARE $1.72
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Mts Systems Corp ::MTS REPORTS FISCAL 2018 FIRST QUARTER FINANCIAL RESULTS.Q1 GAAP EARNINGS PER SHARE $1.72.SEES FY 2018 GAAP EARNINGS PER SHARE $3.55 TO $3.85.SEES FY 2018 REVENUE $780 MILLION TO $820 MILLION.Q1 REVENUE FELL 2.6 PERCENT TO $194.2 MILLION.‍HAD DISCRETE TAX BENEFIT OF $25 MILLION FROM TAX CUTS AND JOBS ACT OF 2017 IN QUARTER​.‍STRONG DEMAND IN SENSORS BUSINESS IS ANTICIPATED TO CONTINUE THROUGHOUT FISCAL YEAR 2018​.  Full Article

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

Chem Tech Research says exercise of 1st series bonds with warrants
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - Chem Tech Research Inc <047920.KQ> : :* Says 700 billion won worth of its 1st series bonds with warrants have been exercised into 122,249 shares of the co, at 5,726 won/share.* Says expected listing date is Oct. 12.  Full Article

MTS Systems Q3 earnings per share $0.55
Monday, 7 Aug 2017 

Aug 7 (Reuters) - MTS Systems Corp :MTS reports fiscal 2017 third quarter financial results.Sees FY 2017 GAAP earnings per share $1.15 to $1.30.Q3 GAAP earnings per share $0.55.Q3 revenue $194 million versus I/B/E/S view $193 million.Sees fy 2017 revenue $770 million to $785 million.Q3 earnings per share view $0.48 -- Thomson Reuters I/B/E/S.MTS Systems Corp - updated our guidance for adjusted EBITDA for full fiscal year 2017 to range between $115 million and $120 million.  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

MTS Systems reports Q2 GAAP earnings per share $0.38
Monday, 8 May 2017 

May 8 (Reuters) - MTS Systems Corp :MTS reports fiscal 2017 second quarter financial results.FY2017 earnings per share view $2.09, revenue view $778.9 million -- Thomson Reuters I/B/E/S.Q2 GAAP earnings per share $0.38.Reaffirms FY 2017 GAAP earnings per share view $0.80 to $1.20 including items.Q2 adjusted earnings per share $0.67 excluding items.Q2 revenue $193.4 million versus I/B/E/S view $189.7 million.Sees FY 2017 revenue $760 million to $790 million.Q2 earnings per share view $0.51 -- Thomson Reuters I/B/E/S.MTS Systems Corp - reaffirm forecasted adjusted EBITDA for full year to range between $115 million and $130 million.Qtrly test orders were down 11.3 percent to $110 million.  Full Article

Hawkins announces hiring of Jeffrey Oldenkamp to role of CFO
Tuesday, 25 Apr 2017 

April 25 (Reuters) - Hawkins Inc ::Hawkins, Inc announces hiring of Jeffrey P. Oldenkamp to assume role of chief financial officer, vice president and treasurer.Says Oldenkamp joins Hawkins Inc from MTS Systems Corp.Hawkins Inc - Oldenkamp to join co as CFO after filing of company's annual report on form 10-k, which is expected in early June of 2017.Hawkins Inc - Kathleen Pepski had previously announced her planned retirement, will remain in roles of CFO and treasurer until that time.  Full Article

MTS Systems reports qtrly adjusted EPS $0.55 excluding items
Monday, 10 Apr 2017 

MTS Systems Corp : MTS reports financial results for fiscal year 2016 full year and fiscal year 2017 first quarter . Sees FY 2017 GAAP earnings per share $0.80 to $1.20 . Q1 adjusted earnings per share $0.55 excluding items . Q1 GAAP earnings per share $0.09 including items . Q1 earnings per share view $0.61 -- Thomson Reuters I/B/E/S . Q1 revenue $199.3 million versus $140.5 million . Sees GAAP earnings per share of $0.80 to $1.20 for fiscal year 2017 . Company is forecasting revenues in range of $760 million to $790 million for fiscal year 2017 . Forecasting adjusted EBITDA for full year to range between $115 million and $130 million . Company's probe confirmed that some employees involved with China Test business violated company's code of conduct . Probe confirmed some of its employees started company that competes with MTS in low end of materials test market within China . Investigation did not find any evidence of intellectual property theft . Investigation identified opportunities to enhance processes and controls related to adherence with co's Code of Conduct .Steps are being taken to improve oversight activities in these areas, including creation of new 'Chief Risk and Compliance Officer'.  Full Article

MTS says William Bachrach, president of co's test business, to retire
Thursday, 5 Jan 2017 

MTS Systems Corp : MTS announces executive leadership changes and reorganization of test business .MTS Systems Corp says retirement of William Bachrach, president of MTS's test business, effective January 13, 2017.  Full Article

BRIEF-MTS Systems Announces Workforce Reductions & Manufacturing Facility Closures

* MTS SYSTEMS - ANNOUNCES WORKFORCE REDUCTIONS & MANUFACTURING FACILITY CLOSURES IN TEST SEGMENT RELATING TO TRANSFER OF PRODUCTION OPERATIONS IN CHINA