MTS Reports Fiscal 2019 First Quarter Financial Results
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MTS Systems (MTSC) Tops Q1 EPS by 4c, Revenues Miss; Offers FY19 EPS/Revenue Guidance
February 4, 2019 7:02 AM ESTMTS Systems (NASDAQ: MTSC) reported Q1 EPS of $0.59, $0.04 better than the analyst estimate of $0.55. Revenue for the quarter came in at $203.18 million versus the consensus estimate of $206.73 million.
Revenues of $203.2 million, including year-over-year growth in both Test & Simulation and SensorsGAAP diluted earnings per share of $0.54, a decline of $1.18 year-over-year due to the prior year impact of the Tax ActBacklog of $514.7 million, a year-over-year increase of 45%, driven by strong orders growth across both business unitsClosed $80 million acquisition of E2M Technologies B.V. (E2M), a leading simulation company based in Amsterdam,... More