MTS Systems Corporation announced the grand opening of a new state-of-the-art wind tunnel and rolling road system with the Research Institute of Automotive Engineering and Vehicle Engines Stuttgart (FKFS) in Stuttgart, Germany. The inaugural celebration was held on November 3, 2014. Over 100 Government dignitaries and industry leaders participated, along with representatives from MTS and FKFS.
“Our new wind tunnel offers the most advanced technology in the world today,” stated Mr. Armin Miche...
Eden Prairie, Minn., November 10, 2014 – MTS Systems Corporation reported 2014 fourth quarter and year-end financial results for its fiscal year ended September 27, 2014. These Company results and fiscal 2015 guidance ranges are unchanged from those previously communicated.
Ø Record fourth quarter orders of $164 million and fiscal year orders of $616 million, reflecting new fiscal year records for both the Test and Sensors businesses
Ø Record $326 million ending backlog positions the comp...
Orders posted double-digit growth of 15 percent to $150 million, driven by increases in both Test and Sensors business
• Continued momentum in orders growth resulted in record $310 million ending backlog to support future revenue growth
• Revenues increased 8 percent to $145 million and included growth in both businesses
• EPS increased 28 percent to $0.92, including a $0.07 negative impact from restructuring charges
• Full-year guidance ranges adjusted downward due to higher Test costs an...
Eden Prairie, Minn. MTS Systems Corporation (NASDAQ: MTSC), a leading global supplier of high-performance test systems and position sensors, today announced the planned retirement of Sue Knight, Senior Vice President and Chief Financial Officer, and the appointment of Jeff Oldenkamp, currently the Vice President of Finance for the MTS Test business, as her successor. Sue will retire at the end of calendar year 2014, at which time Jeff will assume the CFO role, providing adequate time for a smoot...
Eden Prairie, Minn. MTS Systems Corporation (NASDAQ: MTSC),announced the receipt of a custom rock mechanics test system order from SINTEF to test the mechanical behavior of rock and rock masses. SINTEF is the largest independent contract research organization in Scandinavia. Founded in 1950, SINTEF is known for highly technical, multidisciplinary scientific research supporting both Norwegian and international companies.
The custom designed rock mechanics test system will provide SINTEF with u...
Eden Prairie, Minn. -MTS Systems Corporation (NASDAQ: MTSC), today announced that it has acquired 100% of the shares of Roehrig Engineering, Inc. (REI), the leader in testing systems utilizing electric and electromagnetic actuation technology, for approximately $15 million. The purchase price may increase by up to $2 million if certain sales targets are achieved. The acquisition closed on June 17, 2014. For fiscal year 2015, REI’s revenue is expected to be $12 to 14 million and EBITDA is expecte...
MTS announced that it has sold an extensive array of state-of-the-art mechanical testing systems to Wichita State University’s National Institute for Aviation Research (NIAR). The MTS systems will be used in NIAR’s new Aircraft Structural Test and Evaluation Center (ASTEC), one of the world’s largest and most sophisticated full-scale structural testing facilities.
At 130,000 square feet, ASTEC has the capacity to host full-scale structural testing for some of the world’s largest aircraft or ...
• MTS posts $0.78 Non-GAAP EPS exceeding $0.65 - $0.75 outlook range on $138.4 million revenue; EPS was $0.59 including $0.19 restructuring charge
• Sensors revenue growth of 15 percent and 18 percent backlog reflects strong, broad-based market improvement
• Test Service orders grew 18 percent on strong demand in Europe and the Americas
• Market conditions provide momentum for fiscal 2014; Company reaffirms previous guidance: revenue of $585 to $605 million and EPS of $3.55 to $3.70, excludin...
MTS Systems Corporation (NASDAQ: MTSC), announced that the Institute of Technology, Tallaght (ITT Dublin), a university research center in South Dublin, Ireland, is conducting research leveraging MTS testing hardware, software and expertise to optimize two common spinal trauma surgery procedures to reduce hospitalization stays and improve outcomes.
A team of postgraduate students at the ITT Dublin Bioengineering Technology Centre (BTC) is working to better understand the mechanics involved w...
Eden Prairie, Minn. – MTS Systems Corporation,today announced the opening of a new office in Moscow, Russia. This office will focus on the growing Russian market for the MTS Test business by providing local sales and service support to its business partners in the region.
“The Russian market offers great opportunities for the MTS Test business, ranging from automotive new product design validation to materials and infrastructure testing equipment, and supporting services. Having a direct pr...
