MTS Reports Fiscal 2019 Second Quarter Financial Results

 

 

Exhibit A

MTS SYSTEMS CORPORATION

Segment Financial Information

(unaudited - in thousands)

           
           
 

Three Months Ended

   
 

March 30,
 2019

 

March 31,
 2018

 

% Variance

Test & Simulation Segment

         

Revenue

$

151,032

   

$

110,238

   

37

%

Cost of sales

103,742

   

76,011

   

36

%

Gross profit

47,290

   

34,227

   

38

%

Gross margin

31.3

%

 

31.0

%

   
           

Operating expenses

34,606

   

30,932

   

12

%

           

Income from operations

$

12,684

   

$

3,295

   

285

%

           

Sensors Segment

         

Revenue

$

82,375

   

$

81,542

   

1

%

Cost of sales

42,301

   

40,922

   

3

%

Gross profit

40,074

   

40,620

   

(1)

%

Gross margin

48.6

%

 

49.8

%

   
           

Operating expenses

28,570

   

27,283

   

5

%

           

Income from operations

$

11,504

   

$

13,337

   

(14)

%

           

Intersegment Eliminations

         

Revenue

$

(361)

   

$

(457)

     

Cost of sales

(347)

   

(435)

     

Gross profit

(14)

   

(22)

     
           

Income (loss) from operations

$

(14)

   

$

(22)

     
           

Total Company

         

Revenue

$

233,046

   

$

191,323

   

22

%

Cost of sales

145,696

   

116,498

   

25

%

Gross profit

87,350

   

74,825

   

17

%

Gross margin

37.5

%

 

39.1

%

   
           

Operating expenses

63,176

   

58,215

   

9

%

           

Income from operations

$

24,174

   

$

16,610

   

46

%


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