MTS Reports Fiscal 2018 Third Quarter Financial Results

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Go back to MTS Reports Fiscal 2018 Third Quarter Financial Results

MTS Systems (MTSC) Misses Q3 EPS by 15c, Revenues Miss; Lowers FY18 EPS/Revenue Outlook

August 6, 2018 4:40 PM EDT

MTS Systems (NASDAQ: MTSC) reported Q3 EPS of $0.49, $0.15 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $194.7 million versus the consensus estimate of $204.69 million.

Revenues of $194.7 million, including strong Sensors revenue growth of 14% year-over-yearGross margin of 39.2%, including Sensors gross margin above 50%Diluted earnings per share of $0.47, a decline of $0.08 year-over-yearTest backlog of $326.3 million, driven by strong sequential Test orders growth of 33% over the prior quarterContinued deleveraging of the balance sheet... More