In this world nothing is certain but death and taxes -- and those things tested by MTS Systems. The company produces testing systems that simulate repeated or harsh conditions to determine mechanical behavior of materials, products, and structures. Its systems are used worldwide in infrastructure markets, from inspecting steel to locomotive rail testing. MTS caters to auto makers with road simulators. In aerospace, MTS tests aircraft fatigue. Services include maintenance and training. MTS also supplies industrial sensors (Temposonics) to increase machine efficiency and safety. About three-quarters of the company's customers operate outside the US.
Behind both a high backlog and new orders, revenue was up about 25% in fiscal 2011 compared with 2010. The company's test segment, which accounts for 78% of sales, rose about 23%. This segment primarily comprises products for the testing of ground vehicles (accounting for 50% of the segment's revenue) and products for testing materials in industries that include power generation, aerospace, vehicles, and bio-medicine (30% of the segment's revenue). Structure-testing products for aerospace, wind energy, structural engineering, petroleum, and other industries account for the remainder of the test segment's revenue.
Test segment products are engineered and assembled at the company's headquarters in Minnesota and manufactured in China, Germany, and South Korea. The segment has sales and services staff in the US and China and sales and service subsidiaries in Canada, China, France, Germany, Italy, Japan, South Korea, Sweden, the UK.
Sales for the sensors segment increased 33% in fiscal 2011 compared with 2010. The company's sensors, which automate machinery to increase safety and productivity, are used in such industries as the manufacturing of plastic injection molding machines, steel mills, fluid power, oil and gas, and alternative energy.
Sold through a direct sales force and independent distributors, MTS's sensors are engineered and assembled in North Carolina, Germany, and Japan. – less