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Mts Systems's Business Segments
Mts Systems's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2021
Reportable Segments
2
Largest Segment
Test & Simulation
Total Revenue
$ 199
Regions Reported
3
Revenue Share by Reportable Segment - Q1 FY2021
- Test & Simulation57%
- Sensors43.2%
Revenue by Reportable Segment - Q1 FY2021
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Test & Simulation | $ 113 | 57% |
| Sensors | $ 86 | 43.2% |
Revenue Share by Region - Q1 FY2021
- Asia35%
- Americas34.1%
- Europe30.9%
Revenue by Geographic Region - Q1 FY2021
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Asia | $ 70 | 35% |
| Americas | $ 68 | 34.1% |
| Europe | $ 61 | 30.9% |
Revenue by Product & Service Category - Q1 FY2021
- Product42.3%
- Service0.9%
Revenue by Product & Service Category - Q1 FY2021
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Product | $ 84 | 42.3% |
| Service | $ 2 | 0.9% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Mts Systems
MTS Systems Corporation (the Company or MTS) is a leading global supplier of high-performance
test systems and position sensors that was incorporated under Minnesota law in
1966. Our operations are organized and managed in two reportable segments, Test
and Sensors, based upon global similarities within their markets, products, operations
and distribution.
MTS Systems Corporation operates two primary segments: the Test Segment and the Sensors Segment, offering a wide range of products and services tailored to meet the diverse needs of various industries.
Test Segment
The Test segment of MTS Systems Corporation focuses on providing sophisticated testing solutions that include hardware, software, and services. These solutions are essential for customers involved in product development, allowing them to accurately characterize their products mechanical properties. By simulating the forces and motions that products are expected to encounter in practical applications, MTSs systems facilitate a more robust product development process. Mechanical simulation testing in controlled laboratory environments offers significant advantages over traditional methods such as reliance on physical prototypes, real-world testing, and virtual testing, leading to accelerated development cycles and more precise results.
Key Offerings
A standard test system typically consists of:
- Reaction Frame: Holds the prototype specimen securely in place during testing.
- Hydraulic Pump or Electro-Mechanical Power Source: Provides the necessary force or motion for the testing procedure.
- Piston Actuators: Generate the required motion or force on the specimen.
- Computer Controller and Specialized Software: Orchestrate actuator movements, record test results, and manipulate data for analysis.
In addition, MTS offers a variety of accessories and spare parts to enhance system functionality. Service offerings include:
- Installation Services: Ensuring that the test equipment is set up correctly and functioning as intended.
- Calibration Services: Guaranteeing measurement accuracy and consistency.
- Maintenance Services: Regular servicing to prevent downtime or faults in test operations.
- Training Services: Providing education on the equipment and its proper use to ensure optimum performance.
- Consulting Services: Offering expertise in test design and implementation tailored to specific client needs.
Applications and Markets
The Test segment serves a vast array of industries, including:
- Automotive: Products such as road simulators and tire performance measurement systems help assess durability, vehicle dynamics, and aerodynamics.
- Aerospace: Structural testing solutions for commercial, military, and private aircraft, allowing for static and fatigue testing.
- Wind Energy: Products that assist in improving the reliability and reducing costs of wind turbine components.
- Biomedical: Systems designed to test the performance and durability of medical devices, implants, and prosthetics.
- Structural Engineering: High-force static and dynamic testing solutions for buildings, bridges, and public infrastructure, aiding in compliance with building codes and safety regulations.
Sensors Segment
The Sensors segment of MTS Systems Corporation offers advanced sensing solutions aimed at automating the operation of industrial machinery and mobile equipment. By providing accurate and reliable measurements, MTSs sensors enhance safety and productivity for manufacturers in a variety of sectors, including plastic injection molding, steel production, oil and gas extraction, medical applications, and more.
Key Technologies and Products
MTS Systems has developed sensors based on magnetostrictive technology, specifically the proprietary Temposonics® technology. This functionality includes:
- High-Speed Position Sensing: Provides precise non-contact measurements, making it suitable for rigorous industrial environments.
- Durability and Rugged Design: Designed to withstand harsh conditions, minimizing downtime and maintenance.
Applications and Markets
The Sensors segment targets various industries such as:
- Manufacturing: Original Equipment Manufacturers (OEMs) in sectors like plastics, steel, and wood processing benefit from position feedback in automation processes, enhancing production efficiency and part quality.
- Mobile Equipment: OEMs in construction, agriculture, and heavy machinery utilize sensors for motion control and positioning of equipment, which improves both productivity and operational safety.
- Liquid Level Monitoring: In sectors like oil and gas, chemical processing, food and beverage, and pharmaceuticals, MTS offers sensors that accurately measure liquid levels in storage tanks, providing additional data like temperature measurements in one compact solution.
By operating across these diverse segments, MTS Systems Corporation is well-equipped to meet the evolving needs of its customers while maintaining a focus on innovation and quality in both testing and sensing technologies.
Test Segment
The Test segment of MTS Systems Corporation focuses on providing sophisticated testing solutions that include hardware, software, and services. These solutions are essential for customers involved in product development, allowing them to accurately characterize their products mechanical properties. By simulating the forces and motions that products are expected to encounter in practical applications, MTSs systems facilitate a more robust product development process. Mechanical simulation testing in controlled laboratory environments offers significant advantages over traditional methods such as reliance on physical prototypes, real-world testing, and virtual testing, leading to accelerated development cycles and more precise results.
Key Offerings
A standard test system typically consists of:
- Reaction Frame: Holds the prototype specimen securely in place during testing.
- Hydraulic Pump or Electro-Mechanical Power Source: Provides the necessary force or motion for the testing procedure.
- Piston Actuators: Generate the required motion or force on the specimen.
- Computer Controller and Specialized Software: Orchestrate actuator movements, record test results, and manipulate data for analysis.
In addition, MTS offers a variety of accessories and spare parts to enhance system functionality. Service offerings include:
- Installation Services: Ensuring that the test equipment is set up correctly and functioning as intended.
- Calibration Services: Guaranteeing measurement accuracy and consistency.
- Maintenance Services: Regular servicing to prevent downtime or faults in test operations.
- Training Services: Providing education on the equipment and its proper use to ensure optimum performance.
- Consulting Services: Offering expertise in test design and implementation tailored to specific client needs.
Applications and Markets
The Test segment serves a vast array of industries, including:
- Automotive: Products such as road simulators and tire performance measurement systems help assess durability, vehicle dynamics, and aerodynamics.
- Aerospace: Structural testing solutions for commercial, military, and private aircraft, allowing for static and fatigue testing.
- Wind Energy: Products that assist in improving the reliability and reducing costs of wind turbine components.
- Biomedical: Systems designed to test the performance and durability of medical devices, implants, and prosthetics.
- Structural Engineering: High-force static and dynamic testing solutions for buildings, bridges, and public infrastructure, aiding in compliance with building codes and safety regulations.
Sensors Segment
The Sensors segment of MTS Systems Corporation offers advanced sensing solutions aimed at automating the operation of industrial machinery and mobile equipment. By providing accurate and reliable measurements, MTSs sensors enhance safety and productivity for manufacturers in a variety of sectors, including plastic injection molding, steel production, oil and gas extraction, medical applications, and more.
Key Technologies and Products
MTS Systems has developed sensors based on magnetostrictive technology, specifically the proprietary Temposonics® technology. This functionality includes:
- High-Speed Position Sensing: Provides precise non-contact measurements, making it suitable for rigorous industrial environments.
- Durability and Rugged Design: Designed to withstand harsh conditions, minimizing downtime and maintenance.
Applications and Markets
The Sensors segment targets various industries such as:
- Manufacturing: Original Equipment Manufacturers (OEMs) in sectors like plastics, steel, and wood processing benefit from position feedback in automation processes, enhancing production efficiency and part quality.
- Mobile Equipment: OEMs in construction, agriculture, and heavy machinery utilize sensors for motion control and positioning of equipment, which improves both productivity and operational safety.
- Liquid Level Monitoring: In sectors like oil and gas, chemical processing, food and beverage, and pharmaceuticals, MTS offers sensors that accurately measure liquid levels in storage tanks, providing additional data like temperature measurements in one compact solution.
By operating across these diverse segments, MTS Systems Corporation is well-equipped to meet the evolving needs of its customers while maintaining a focus on innovation and quality in both testing and sensing technologies.