MTS Systems (MTSC) Reports Revenue About In-Line with Views

MTS Reports Fiscal 2018 First Quarter Financial Results

February 5, 2018 4:05 PM EST

EDEN PRAIRIE, Minn., Feb. 5, 2018 /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 2018 first quarter ended December 30, 2017.

Revenues of $194 million, driven by double-digit growth of 11% in Sensors year-over-year Consolidated gross margin improvement of 3 percentage points year-over-year to 40% Discrete tax benefit of $25 million from the Tax Cuts and Jobs Act of 2017 Record quarterly GAAP earnings per share of $1.72, a $1.63 year-over-year increase Cash of $94 million on the balance sheet at quarter end... More