MTS SYSTEMS CORP (MTSC) [Rocket]

In millions, except per share items	Oct-03-20	Sep-28-19	Sep-29-18	Sep-30-17	Oct-01-16	Oct-03-15	Sep-27-14	Sep-28-13
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Test & Simulation	490.6	558.9	464.9	504.1
Sensors	339.2	335.0	314.3	283.9		101.1	106.2	95.3
U.S.	288.3	306.6	245.9	246.7
Americas, excluding U.S.	35.4	40.0	29.5	32.1
Other						462.9	458.2	474.1
Total revenues [+]	828.6	892.5	778.0	788.0	650.1	563.9	564.3	569.4
Products						484.8	487.0	497.6
Services						79.1	77.3	71.8
Revenue growth [+]	-7.2%	14.7%	-1.3%	21.2%	15.3%	-0.1%	-0.9%	5.0%
Test & Simulation	-12.2%	20.2%	-7.8%
Sensors	1.3%	6.6%	10.7%			-4.8%	11.4%	-4.9%
U.S.	-6.0%	24.7%	-0.3%
Americas, excluding U.S.	-11.5%	35.4%	-8.1%
Test						1.0%	-3.4%	7.3%
Cost of goods sold [+]	540.2	563.6	472.5	485.7	418.7	344.3	340.7	337.5
Cost of product sales						297.0	296.4	296.3
Cost of services						47.4	44.2	41.2
Gross profit	288.4	328.9	305.5	302.3	231.4	219.6	223.6	231.9
Gross margin	34.8%	36.9%	39.3%	38.4%	35.6%	38.9%	39.6%	40.7%
Selling, general and administrative [+]	216.4	218.3	205.6	212.5	164.3	134.4	139.5	129.2
Sales and marketing	120.3	131.6	126.3	124.9	95.0	83.0	88.1	81.0
General and administrative	96.1	86.7	79.2	87.5	69.3	51.4	51.4	48.2
Research and development	28.1	30.9	34.8	35.0	25.3	23.7	23.8	22.8
EBITDA [+]	90.6	117.7	99.7	90.4	65.8	82.6	79.5	96.5
EBITDA growth	-23.0%	18.1%	10.3%	37.2%	-20.3%	3.9%	-17.6%	2.4%
EBITDA margin	10.9%	13.2%	12.8%	11.5%	10.1%	14.6%	14.1%	17.0%
Depreciation	23.8	20.6	20.7	20.9	18.6	17.0	15.4	12.9
EBITA	66.7	97.1	79.0	69.5	47.3	65.6	64.2	83.7
EBITA margin	8.1%	10.9%	10.2%	8.8%	7.3%	11.6%	11.4%	14.7%
Amortization of intangibles	22.8	17.4	13.8	14.7	5.5	4.1	3.9	3.7
EBIT [+]	43.9	79.7	65.2	54.8	41.8	61.5	60.3	80.0
EBIT growth	-44.9%	22.3%	18.9%	31.3%	-32.1%	2.1%	-24.6%	-0.7%
EBIT margin	5.3%	8.9%	8.4%	7.0%	6.4%	10.9%	10.7%	14.0%
Non-recurring items [+]	291.4
Asset impairment	291.4
Interest expense	34.0	31.6	25.9	30.8	8.5	0.8	0.7	0.3
Interest expense	34.0	31.6	25.9	30.8	8.5	0.8	0.7	0.3
Other income (expense), net [+]	-2.2	0.5	4.9	-1.0	0.2	-1.5	-1.1	-0.4
Other	-2.2	0.5	4.9	-1.0	0.2	-1.5	-1.1	-0.4
Pre-tax income	-283.7	48.6	44.2	23.0	33.5	59.2	58.4	79.3
Income taxes	-11.7	5.5	-17.1	-2.1	6.0	13.7	16.4	21.4
Tax rate	4.1%	11.4%			18.0%	23.2%	28.1%	27.1%
Net income	-272.1	43.1	61.3	25.1	27.5	45.5	42.0	57.8
Net margin	-32.8%	4.8%	7.9%	3.2%	4.2%	8.1%	7.4%	10.2%

Basic EPS [+]	($14.16)	$2.24	$3.20	$1.32	$1.72	$3.03	$2.76	$3.69
Growth	-733.2%	-30.1%	142.9%	-23.2%	-43.5%	9.9%	-25.2%	13.9%
Diluted EPS [+]	($14.16)	$2.21	$3.18	$1.31	$1.70	$3.00	$2.73	$3.64
Growth	-739.4%	-30.3%	142.5%	-22.9%	-43.4%	10.0%	-25.1%	13.6%

Dividends per share [+]	$0.60	$1.20	$1.20	$1.20	$1.20	$1.20	$1.20	$1.20
Growth	-50.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	14.3%

Shares outstanding (basic) [+]	19.2	19.3	19.2	19.0	16.0	15.0	15.2	15.7
Growth	-0.2%	0.5%	0.6%	18.8%	7.0%	-1.5%	-2.8%	-1.6%
Shares outstanding (diluted) [+]	19.2	19.4	19.3	19.1	16.2	15.1	15.4	15.9
Growth	-1.2%	0.8%	0.8%	18.3%	6.8%	-1.7%	-2.9%	-1.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.