MTS Systems Q1 Profit Decreases - Quick Facts

(RTTNews) - MTS Systems Corporation (MTSC), a global supplier of high-performance test systems and position sensors, reported that its first-quarter net income decreased to $9.15 millon or $0.59 per share, from $13.78 million or $0.87 per share, last year. Net income excluding restructuring charges was $12.04 million or $0.78 per share, for the quarter.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.72 for the quarter. Analysts' estimates typically exclude special items. Revenue decreased year-over-year to $138.41 million, from $142.67 million. The company expects revenue in the second quarter to be $136 million to $141 million, and earnings per share excluding the additional restructuring charge to be $0.65 to $0.78. Analysts expect the company to report second-quarter profit per share of $0.85. For the full fiscal year, the company expects revenue range to be $585 million to $605 million. Earnings per share are expected to be $3.55 to $3.70, excluding the restructuring cost impact. Analysts expect the company to report fiscal 2014 earnings per share of $3.65.