Company Quick10K Filing
MTS Systems
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 20 $1,136
10-K 2019-11-25 Annual: 2019-09-28
10-Q 2019-08-05 Quarter: 2019-06-29
10-Q 2019-05-06 Quarter: 2019-03-30
10-Q 2019-02-04 Quarter: 2018-12-29
10-K 2018-11-26 Annual: 2018-09-29
10-Q 2018-08-06 Quarter: 2018-06-30
10-Q 2018-05-07 Quarter: 2018-03-31
10-Q 2018-02-05 Quarter: 2017-12-30
10-K 2017-11-27 Annual: 2017-09-30
10-Q 2017-08-07 Quarter: 2017-07-01
10-Q 2017-05-08 Quarter: 2017-04-01
10-K 2017-04-10 Annual: 2016-12-31
10-K 2017-04-10 Annual: 2016-10-01
10-Q 2016-08-08 Quarter: 2016-07-02
10-Q 2016-05-10 Quarter: 2016-04-02
10-Q 2016-02-09 Quarter: 2016-01-02
10-K 2015-12-02 Annual: 2015-10-03
10-Q 2015-08-03 Quarter: 2015-06-27
10-Q 2015-05-04 Quarter: 2015-03-28
10-Q 2015-02-02 Quarter: 2014-12-27
10-K 2014-11-26 Annual: 2014-09-27
10-Q 2014-08-04 Quarter: 2014-06-28
10-Q 2014-05-05 Quarter: 2014-03-29
10-Q 2014-01-30 Quarter: 2013-12-28
10-K 2013-11-27 Annual: 2013-09-28
10-Q 2013-08-05 Quarter: 2013-06-29
10-Q 2013-05-06 Quarter: 2013-03-30
10-Q 2013-01-31 Quarter: 2012-12-29
10-K 2012-11-28 Annual: 2012-09-29
10-Q 2012-08-02 Quarter: 2012-06-30
10-Q 2012-05-04 Quarter: 2012-03-31
10-Q 2012-02-02 Quarter: 2011-12-31
10-K 2011-11-30 Annual: 2011-10-01
10-Q 2011-08-05 Quarter: 2011-07-02
10-Q 2011-05-05 Quarter: 2011-04-02
10-Q 2011-02-03 Quarter: 2011-01-01
10-K 2010-12-01 Annual: 2010-10-02
10-Q 2010-08-05 Quarter: 2010-07-03
10-Q 2010-05-07 Quarter: 2010-04-03
10-Q 2010-02-04 Quarter: 2010-01-02
8-K 2019-11-25 Earnings, Exhibits
8-K 2019-11-25 Accountant, Exhibits
8-K 2019-11-01 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-09-23 Accountant, Exhibits
8-K 2019-09-09 Officers
8-K 2019-09-04 Regulation FD, Exhibits
8-K 2019-08-05 Earnings, Exhibits
8-K 2019-07-16 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2019-05-06 Earnings, Exhibits
8-K 2019-03-27 Officers, Exhibits
8-K 2019-02-13 Shareholder Vote
8-K 2019-02-04 Earnings, Exhibits
8-K 2018-11-26 Earnings, Exhibits
8-K 2018-08-08 Other Events, Exhibits
8-K 2018-08-06 Earnings, Exhibits
8-K 2018-06-13 Enter Agreement, Exhibits
8-K 2018-05-07 Earnings, Exhibits
8-K 2018-03-12 Exit Costs
8-K 2018-02-13 Shareholder Vote
8-K 2018-02-05 Earnings, Exhibits

MTS Systems Financials

MTSC Metrics, Comps, Filings

Annual | Quarterly

Business

MTS Systems Corporation is a leading global supplier of high-performance test, simulation and measurement systems and sensors that was incorporated under Minnesota law in 1966. Our operations are organized and managed in two reportable segments, Test & Simulation and Sensors, based on global similarities within their markets, products, operations and distribution. The Test & Simulation and Sensors segments represented 63% and 37% of our revenue, respectively, for the fiscal year ended September 28, 2019.

Fiscal year 2019 refers to the fiscal year ended September 28, 2019, fiscal year 2018 refers to the fiscal year ended September 29, 2018, and fiscal year 2017 refers to the fiscal year ended September 30, 2017. Fiscal years 2019, 2018 and 2017 all include 52 weeks. All dollar amounts and shares are in thousands unless otherwise noted.

Our Test & Simulation segment (Test & Simulation) provides testing and simulation solutions including hardware, software and services that are used by customers in product development to characterize a product's mechanical properties along with simulation systems for human response features. Our solutions simulate forces and motions that customers expect their products to encounter in use. Mechanical simulation testing in a lab setting is an accepted method to accelerate product development compared to reliance on full physical prototypes in real-world settings, proving ground testing, and virtual testing because it provides more controlled simulation and accurate measurement. The need for mechanical simulation increases in proportion to the cost of a product, the range and complexity of the physical environment in which the product will be used, expected warranty or recall risk and expense, governmental regulation and potential legal liability. A significant portion of Test & Simulation products are considered by our customers to be capital expenditures. We believe the timing of purchases of our products may be impacted by interest rates, general economic conditions, product development cycles and new product initiatives.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Bloom Energy (BE) 1,323 12% -9.0 -27% 1,223 1,234 838 98 -325 -184 1,653
HollySys Automation (HOLI) 1,235 0% 1,309 362 0 0 0 0 898
Vicor (VICR) 1,222 47% 30.5 12% 231 36 281 133 27 38 1,151
Atkore (ATKR) 1,193 25% 8.7 9% 1,413 1,210 1,892 465 126 228 1,977
IMAX (IMAX) 1,181 54% 18.4 4% 876 265 376 202 38 60 1,098
Alamo Group (ALG) 1,156 25% 10.5 9% 867 324 1,061 266 76 122 1,274
Varex Imaging (VREX) 1,152 31% 20.8 1% 1,044 595 783 244 8 74 1,538
MTS Systems (MTSC) 1,136 38% 15.6 4% 1,257 763 866 327 49 98 1,532
Tennant (TNC) 1,084 40% 11.4 4% 1,071 736 1,121 449 38 120 1,374
Electro Scientific Industries (ESIO) 1,081 46% 7.3 32% 408 84 378 173 129 143 1,040
MRC Global (MRC) 1,047 17% 11.0 3% 2,629 1,957 4,034 691 76 159 1,750
Kadant (KAI) 1,022 43% 10.7 7% 966 567 678 289 65 123 1,310
Mesa Laboratories (MLAB) 969 59% 55.2 1% 160 41 104 62 1 18 982
Standex (SXI) 933 34% 8.1 7% 922 458 792 268 68 128 1,038
Milacron Holdings (MCRN) 932 31% 35.5 1% 1,731 1,199 1,140 358 24 45 1,606
TPI Composites (TPIC) 886 4% 21.9 -1% 788 576 1,176 51 -10 45 974
Lindsay (LNN) 864 25% 24.2 1% 506 236 465 115 6 36 870
Rudolph Technologies (RTEC) 861 52% 18.4 6% 444 66 246 128 28 41 749
Faro Technologies (FARO) 852 56% 44.9 -1% 523 149 400 224 -3 16 732
Thermon Group (THR) 843 42% 10.8 3% 671 316 415 173 21 75 805

Balance Sheet ($MM)2012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Cash804860528510972
Accounts Receivable
Inventory68788486133128139
PP&E62782078010110090
Assets4094514874611,1881,1901,139
Accounts Payable34302733464848
Long-Term Debt494477401
Liabilities183195229203783761661
Stockholders' Equity227257258258405429478
Income Statement ($MM)2012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Revenue667277798896778
Cost of Revenue334144344419486473
Gross Profit236232224220231302306
R&D22232424253535
SG&A134129140134164212206
Tax282116101111-17
Net Income52584245272561
Cash Flow ($MM)2012-09-302013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Cash Operating65-265100687263
Cash Investing-16-34-19-600-19-5
Cash Financing-731-16-85564-30-95