MTS Systems (MTSC) Announces Strong Prelim. FY16 Results; Has Initiated Internal Investigation
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MTS Provides Preliminary Results For Fiscal 2016 And Reports Delay Of Its Form 10-K Filing As A Result Of Internal Investigation Concerning Apparent Violations Of The Company's Code Of Conduct In Chin
November 29, 2016 9:00 AM ESTEDEN PRAIRIE, MN, Nov. 29, 2016 /PRNewswire/ -- MTS Systems Corporation (Nasdaq: MTSC), a leading global supplier of high-performance test systems and sensors, today reported preliminary financial results for its fiscal 2016 full year ended October 1, 2016. The company also announced that it has initiated an internal investigation into apparent violations of the company's code of conduct involving certain employees in its China operations and this investigation will delay the issuance of its fourth quarter and full year earnings as well as the filing of the company's Annual Report on Form 10-K for fiscal 2016. The... More