MTS Reports Fiscal 2019 Second Quarter Financial Results

 

 

Exhibit G

MTS SYSTEMS CORPORATION

Reconciliation of Diluted Earnings per Share and Adjusted Diluted Earnings per Share - Outlook

(unaudited - in thousands)

       
       
 

Twelve Months Ending

 

September 28, 2019

 

Low

 

High

Net income1

$

44,500

   

$

50,000

 

Non-recurring expenses 2

2,250

   

2,300

 

Adjusted net income 3

$

46,750

   

$

52,300

 
       

Weighted average diluted common shares outstanding

19,350

   

19,250

 
       

Diluted earnings per share

$

2.30

   

$

2.60

 

Impact of non-recurring expenses2

0.12

   

0.12

 

Adjusted diluted earnings per share

$

2.42

   

$

2.72

 
       
       

Refer to Exhibit F for tax impact on net income guidance.

       

2  Includes forecast expenses for restructuring expenses, acquisition-related expenses and acquisition inventory fair value adjustment.

       

3  Applied anticipated tax rate, excluding discrete tax items, of approximately 15-18%.

 

 

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SOURCE MTS Systems Corporation

Contact:
Company Name: MTS Systems Corporation
Brian Ross, Senior Vice President and Chief Financial Officer
Email Contact (952) 937-4000
Web: http://www.mts.com
Financial data for MTS Systems Corporation




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