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MTS Systems Corp (MTSC.OQ)

MTSC.OQ on NASDAQ Stock Exchange Global Select Market

46.00USD
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$-0.15 (-0.33%)
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Open
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Volume
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Latest Key Developments (Source: Significant Developments)

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

MTS Systems Corp says sells 150,000 additional 8.75% equity units
Friday, 17 Jun 2016 04:05pm EDT 

MTS Systems Corp - :Sells 150,000 additional 8.75% tangible equity units pursuant to underwriters' over-allotment option.  Full Article

MTS sells 247,500 additional shares
Tuesday, 14 Jun 2016 05:42pm EDT 

MTS Systems Corp :MTS sells 247,500 additional shares of common stock pursuant to underwriters' over-allotment option.  Full Article

MTS Systems files for potential mixed shelf offering - SEC filing
Tuesday, 7 Jun 2016 05:37pm EDT 

MTS Systems Corp :Files for potential mixed shelf offering, size not disclosed - SEC filing.  Full Article

MTS Systems announces proposed public offering of common stock
Tuesday, 7 Jun 2016 04:27pm EDT 

Mts Systems : Proposed offerings consist of 1.5 million common shares,1 million tangible equity units, each tangible equity unit with a stated amount of $100 . Mts systems corp says intends to use a portion of net proceeds of tangible equity units to fund cost of capped call transactions . Mts systems corp says to use remaining net proceeds of offerings to partially fund acquisition of pcb .Mts announces proposed public offering of common stock and tangible equity units.  Full Article

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BRIEF-MTS Systems appoints Brian Ross as CFO

* MTS Systems Corp - Ross will replace jeff oldenkamp Source text for Eikon: Further company coverage: