Exhibit A | ||||||||||
MTS SYSTEMS CORPORATION | ||||||||||
Segment Financial Information | ||||||||||
(unaudited - in thousands) | ||||||||||
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| Three Months Ended |
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| June 29, 2019 |
| June 30, 2018 |
| % Variance | |||||
Test & Simulation Segment |
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Revenue | $ | 148,328 |
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| $ | 116,055 |
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| 28 | % |
Cost of sales | 104,053 |
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| 79,475 |
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| 31 | % | ||
Gross profit | 44,275 |
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| 36,580 |
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| 21 | % | ||
Gross margin | 29.8 | % |
| 31.5 | % |
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Operating expenses | 32,851 |
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| 32,707 |
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| — | % | ||
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Income from operations | $ | 11,424 |
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| $ | 3,873 |
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| 195 | % |
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Sensors Segment |
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Revenue | $ | 84,231 |
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| $ | 79,000 |
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| 7 | % |
Cost of sales | 43,424 |
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| 39,289 |
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| 11 | % | ||
Gross profit | 40,807 |
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| 39,711 |
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| 3 | % | ||
Gross margin | 48.4 | % |
| 50.3 | % |
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Operating expenses | 29,251 |
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| 27,313 |
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| 7 | % | ||
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Income from operations | $ | 11,556 |
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| $ | 12,398 |
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| (7) | % |
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Intersegment Eliminations |
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Revenue | $ | (350) |
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| $ | (387) |
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Cost of sales | (371) |
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| (380) |
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Gross profit | 21 |
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| (7) |
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Income (loss) from operations | $ | 21 |
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| $ | (7) |
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Total Company |
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Revenue | $ | 232,209 |
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| $ | 194,668 |
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| 19 | % |
Cost of sales | 147,106 |
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| 118,384 |
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| 24 | % | ||
Gross profit | 85,103 |
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| 76,284 |
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| 12 | % | ||
Gross margin | 36.6 | % |
| 39.2 | % |
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Operating expenses | 62,102 |
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| 60,020 |
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| 3 | % | ||
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Income from operations | $ | 23,001 |
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| $ | 16,264 |
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| 41 | % |