MTS Reports Fiscal 2019 Third Quarter Financial Results

 

Exhibit A

MTS SYSTEMS CORPORATION

Segment Financial Information

(unaudited - in thousands)














Three Months Ended




June 29,

 2019


June 30,

 2018


% Variance

Test & Simulation Segment






Revenue

$

148,328



$

116,055



28

%

Cost of sales

104,053



79,475



31

%

Gross profit

44,275



36,580



21

%

Gross margin

29.8

%


31.5

%









Operating expenses

32,851



32,707



%







Income from operations

$

11,424



$

3,873



195

%







Sensors Segment






Revenue

$

84,231



$

79,000



7

%

Cost of sales

43,424



39,289



11

%

Gross profit

40,807



39,711



3

%

Gross margin

48.4

%


50.3

%









Operating expenses

29,251



27,313



7

%







Income from operations

$

11,556



$

12,398



(7)

%







Intersegment Eliminations






Revenue

$

(350)



$

(387)




Cost of sales

(371)



(380)




Gross profit

21



(7)










Income (loss) from operations

$

21



$

(7)










Total Company






Revenue

$

232,209



$

194,668



19

%

Cost of sales

147,106



118,384



24

%

Gross profit

85,103



76,284



12

%

Gross margin

36.6

%


39.2

%









Operating expenses

62,102



60,020



3

%







Income from operations

$

23,001



$

16,264



41

%


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