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MTS Systems Corp (MTSC.O)

MTSC.O on Nasdaq

46.65USD
23 Aug 2017
Change (% chg)

$-0.45 (-0.96%)
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Latest Key Developments (Source: Significant Developments)

MTS Systems Q3 earnings per share $0.55
Monday, 7 Aug 2017 04:05pm EDT 

Aug 7 (Reuters) - MTS Systems Corp :MTS reports fiscal 2017 third quarter financial results.Sees FY 2017 GAAP earnings per share $1.15 to $1.30.Q3 GAAP earnings per share $0.55.Q3 revenue $194 million versus I/B/E/S view $193 million.Sees fy 2017 revenue $770 million to $785 million.Q3 earnings per share view $0.48 -- Thomson Reuters I/B/E/S.MTS Systems Corp - updated our guidance for adjusted EBITDA for full fiscal year 2017 to range between $115 million and $120 million.  Full Article

MTS Reprices $457 million senior secured term loan B facility
Thursday, 6 Jul 2017 04:05pm EDT 

July 6 (Reuters) - Mts Systems Corp :MTS Reprices $457 million senior secured term loan b facility.Mts Systems Corp says company also repriced its revolving credit facility of up to $120 million to reduce applicable rate by 100 basis points.Mts Systems-‍new applicable rate is libor plus 325 basis points, subject to a .75 percent libor floor, resulting in interest savings of over $4 million per year​.  Full Article

MTS Systems reports Q2 GAAP earnings per share $0.38
Monday, 8 May 2017 04:05pm EDT 

May 8 (Reuters) - MTS Systems Corp :MTS reports fiscal 2017 second quarter financial results.FY2017 earnings per share view $2.09, revenue view $778.9 million -- Thomson Reuters I/B/E/S.Q2 GAAP earnings per share $0.38.Reaffirms FY 2017 GAAP earnings per share view $0.80 to $1.20 including items.Q2 adjusted earnings per share $0.67 excluding items.Q2 revenue $193.4 million versus I/B/E/S view $189.7 million.Sees FY 2017 revenue $760 million to $790 million.Q2 earnings per share view $0.51 -- Thomson Reuters I/B/E/S.MTS Systems Corp - reaffirm forecasted adjusted EBITDA for full year to range between $115 million and $130 million.Qtrly test orders were down 11.3 percent to $110 million.  Full Article

Hawkins announces hiring of Jeffrey Oldenkamp to role of CFO
Tuesday, 25 Apr 2017 09:15am EDT 

April 25 (Reuters) - Hawkins Inc ::Hawkins, Inc announces hiring of Jeffrey P. Oldenkamp to assume role of chief financial officer, vice president and treasurer.Says Oldenkamp joins Hawkins Inc from MTS Systems Corp.Hawkins Inc - Oldenkamp to join co as CFO after filing of company's annual report on form 10-k, which is expected in early June of 2017.Hawkins Inc - Kathleen Pepski had previously announced her planned retirement, will remain in roles of CFO and treasurer until that time.  Full Article

MTS Systems reports qtrly adjusted EPS $0.55 excluding items
Monday, 10 Apr 2017 04:05pm EDT 

MTS Systems Corp : MTS reports financial results for fiscal year 2016 full year and fiscal year 2017 first quarter . Sees FY 2017 GAAP earnings per share $0.80 to $1.20 . Q1 adjusted earnings per share $0.55 excluding items . Q1 GAAP earnings per share $0.09 including items . Q1 earnings per share view $0.61 -- Thomson Reuters I/B/E/S . Q1 revenue $199.3 million versus $140.5 million . Sees GAAP earnings per share of $0.80 to $1.20 for fiscal year 2017 . Company is forecasting revenues in range of $760 million to $790 million for fiscal year 2017 . Forecasting adjusted EBITDA for full year to range between $115 million and $130 million . Company's probe confirmed that some employees involved with China Test business violated company's code of conduct . Probe confirmed some of its employees started company that competes with MTS in low end of materials test market within China . Investigation did not find any evidence of intellectual property theft . Investigation identified opportunities to enhance processes and controls related to adherence with co's Code of Conduct .Steps are being taken to improve oversight activities in these areas, including creation of new 'Chief Risk and Compliance Officer'.  Full Article

MTS says William Bachrach, president of co's test business, to retire
Thursday, 5 Jan 2017 04:30pm EST 

MTS Systems Corp : MTS announces executive leadership changes and reorganization of test business .MTS Systems Corp says retirement of William Bachrach, president of MTS's test business, effective January 13, 2017.  Full Article

Chem Tech Research says conversion of 6th and 7th convertible bonds into shares
Friday, 9 Dec 2016 03:40am EST 

Chem Tech Research Inc <047920.KQ> : Says 900 million won worth of its 6th unregistered private convertible bonds have been converted into 300,000 shares of the company, at 3,000 won per share, as of Dec. 9 .Says 450 million won worth of its 7th unregistered private convertible bonds have been converted into 150,000 shares of the company, at 3,000 won per share, as of Dec. 9.  Full Article

MTS Q3 earnings per share $0.78 excluding items
Monday, 8 Aug 2016 04:05pm EDT 

Mts Systems Corp : Mts reports fiscal 2016 third quarter financial results . Q3 earnings per share $0.78 excluding items . Sees fy 2016 revenue $630 million to $640 million . Q3 earnings per share view $0.74 -- Thomson Reuters I/B/E/S . Sees fy 2016 gaap earnings per share $1.35 to $1.50 . Q3 gaap earnings per share $0.46 . Q3 revenue $158 million versus i/b/e/s view $146.8 million . says expects fiscal 2016 gaap eps to be in range of $1.35-$1.50 per share . In q4,expect to incur additional transaction-related amortization expense of about $3 million,net interest expense expected to be about $7 million . Mts systems corp says expect fiscal 2016 revenue to be between $630 million and $640 million .Fy2016 earnings per share view $2.73 -- Thomson Reuters I/B/E/S.  Full Article

MTS Systems Corp says entered into an amendment to credit agreement
Monday, 1 Aug 2016 10:30am EDT 

Mts Systems Corp : After giving effect to amendment, revolving commitment under senior secured credit facility is $120 million . On July 29, 2016, MTS Systems Corporation entered into an amendment to its credit agreement dated as of July 5, 2016 - sec filing . Credit agreement was amended to increase revolving commitment by $20 million Source - (http://bit.ly/2aJuJAr) Further company coverage: [MTSC.O] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

MTS Systems entered into credit agreement - SEC filing
Thursday, 7 Jul 2016 02:22pm EDT 

Mts Systems Corp: On July 5, entered into a credit agreement among company, company's foreign subsidiaries - SEC filing . Agreement provides for senior secured credit facilities consisting of $100 million revolving credit facility, $460 million term loan b facility . Proceeds of revolving credit facility will be used to refinance existing indebtedness .Amounts borrowed by foreign subsidiary borrowers are limited to total U.S. Dollar equivalent aggregate amount of $25 million.  Full Article

BRIEF-MTS Systems Q3 earnings per share $0.55

* Q3 earnings per share view $0.48 -- Thomson Reuters I/B/E/S