MTS Systems (MTSC) Misses Q1 EPS by 6c, Offers Outlook

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MTS Reports Financial Results For Fiscal Year 2016 Full Year And Fiscal Year 2017 First Quarter

April 10, 2017 4:05 PM EDT

EDEN PRAIRIE, MN, April 10, 2017 /PRNewswire/ -- MTS Systems Corporation (Nasdaq: MTSC), a leading global supplier of high-performance test systems and sensors, today reported financial results for its fiscal year 2016 full year ended October 1, 2016 and its fiscal year 2017 first quarter ended December 31, 2016.

Fiscal Year 2016

Revenue of $650 million increased 15% compared to the prior year with organic revenue growth of 7% from continued improvement in Test backlog conversion efficiencies GAAP EPS was $1.70, including a $1.02 negative impact from acquisition-related, acquisition integration,... More