AP NEWS

MTS: Fiscal 4Q Earnings Snapshot

November 25, 2019

EDEN PRAIRIE, Minn. (AP) _ MTS Systems Corp. (MTSC) on Monday reported fiscal fourth-quarter earnings of $4.8 million.

On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 25 cents. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, were 37 cents per share.

The maker of mechanical testing systems posted revenue of $224.1 million in the period.

For the year, the company reported profit of $43.1 million, or $2.21 per share. Revenue was reported as $892.5 million.

MTS expects full-year earnings in the range of $2.20 to $2.55 per share, with revenue in the range of $955 million to $995 million.

MTS shares have risen 51% since the beginning of the year. In the final minutes of trading on Monday, shares hit $60.56, a climb of 26% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTSC at https://www.zacks.com/ap/MTSC