Key Developments: MTS Systems Corp (MTSC.O)
58.90USD
20 May 2013
$0.26 (+0.44%)
$58.64
$58.29
$59.01
$58.20
41,717
77,849
$62.91
$36.85
Latest Key Developments (Source: Significant Developments)
MTS Systems Corp Lowers FY 2013 Guidance
MTS Systems Corp announced that for the fiscal 2013, it expects revenue to grow 4 to 6% or $560 to $575 million, compared to the previous growth range of 5 to 10%, and earnings per share(EPS) are expected to be $3.30 to $3.70, down from the previous outlook of 5 to 10% growth. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $582 million and EPS of $4.06 for fiscal 2013. Full Article
MTS Systems Corp Declares Quarterly Cash Dividend
MTS Systems Corp announced that its Board of Directors has declared a quarterly dividend of $0.30 per share. The dividend is payable on April 1, 2013 to shareholders of record as of the close of business on March 11, 2013. Full Article
MTS Systems Corp Reaffirms FY 2013 Guidance
MTS Systems Corp announced that it is reaffirming its outlook for fiscal 2013 revenue and EPS growth in the 5% to 10% range, and still expect its performance to be more back-half loaded due to order timing and the nature of Test backlog. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $574.40 million and EPS of $4.05 for fiscal 2013. Full Article
MTS Systems Corp Announces Acceleration Of Quarterly Cash Dividend
MTS Systems Corp announced that it is accelerating the payable date of its previously announced $0.30 per share quarterly dividend to December 28 , 2012. The payable date previously was January 2, 2013 to shareholders of record as of the close of business on December 17, 2012. This is MTS Systems Corporation's 124th consecutive quarterly dividend. Full Article
MTS Systems Corp Announces Declaration of Quarterly Cash Dividend
MTS Systems Corp announced that its Board of Directors has declared a quarterly dividend of $0.30 per share. The dividend is payable on January 2, 2013 to shareholders of record as of the close of business on December 17, 2012. This is MTS Systems Corporation's 124th consecutive quarterly dividend. Full Article
MTS Systems Corp Comments On FY 2013 Guidance; Comments On Q1 2013 Revenue Guidance; Issues Q1 2013 EPS Guidance
MTS Systems Corp announced that for fiscal 2013, it expects revenue and EPS growth rates in the 5% to 10% range. For the first quarter of 2013, it expects a modest 1% to 3% revenue increase and EPS of $0.72 to $0.82. Full Article
MTS Systems Corp Announces Settlement Of Government Investigation
MTS Systems Corp announced that the U.S. Attorney's Office has signed the settlement agreement previously referenced in the Company's July 31, 2012 press release. The U.S. Attorney's Office has concluded its investigation, and this settlement resolves all civil and criminal liabilities. The $7.75 million settlement cost will be paid in the fourth quarter of fiscal 2012. Full Article
MTS Systems Corp Announces Quarterly Cash Dividend Increase and Share Purchase Program
MTS Systems Corp announced that its Board of Directors has declared a quarterly dividend of $0.30 per share, an increase of 20%. Additionally, the Board of Directors has authorized the Company to purchase up to $40 million of its common stock in an accelerated share purchase program. The dividend is payable on October 1, 2012, to shareholders of record as of the close of business on September 10, 2012. Full Article
MTS Systems Corp Reaffirms FY 2012 Guidance
MTS Systems Corp announced that for fiscal 2012, it affirm its previous expectations for revenue growth in the mid to high teens and earnings per share (EPS) growth from operations, excluding the settlement of the U.S. Government matter, is still anticipated to be in the low to mid teens. The Company reported revenues of $467 million and EPS of $3.24 in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $543 million and EPS of $3.59 for fiscal 2012. Full Article
MTS Systems Corporation Announces Agreement In Principle Settling Government Investigation
MTS Systems Corporation announced that it has reached an agreement in principle with the U.S. Attorney's Office for the District of Minnesota (USAO", subject to the approval of the U.S. Department of Justice (DOJ), settling, for $7.75 million, the DOJ's potential claims against the Company for its past disclosures on its government certifications and representations in connection with federal government contracting. The settlement is not final until approved by the DOJ and until the Company and the USAO have signed the written settlement agreement. If approved, the agreement would conclude the U.S. Department of Commerce (DOC) and USAO investigation of the Company's government contracting compliance policies, general government contracting compliance record and practices in areas including export controls and government contracts. Full Article
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