MTSC Profile
MTS Systems Corporation (MTSC) is a leading provider of advanced testing systems and industrial sensors. The company offers a comprehensive range of testing equipment and solutions to various industries, including aerospace, automotive, defense, energy, and medical. MTSC's products and services help customers improve the quality, reliability, and performance of their products, reduce time to market, and lower costs.
Founded in 1966 and headquartered in Eden Prairie, Minnesota, MTSC has a global presence with operations in the Americas, Europe, and Asia. The company employs over 3,500 people worldwide and generated revenue of $879 million in fiscal year 2020. MTSC is listed on the NASDAQ stock exchange under the ticker symbol "MTSC." As of March 11, 2023, MTSC's stock was trading at $61.60 per share, with a market capitalization of approximately $2.4 billion. Over the past year, the stock has shown steady growth, with a 52-week range of $39.78 to $69.42 per share.
MTSC operates through two primary business segments: Test & Simulation and Sensors. The Test & Simulation segment provides comprehensive testing solutions, including mechanical, materials, structural, and environmental testing, to various industries. The Sensors segment offers a wide range of sensor systems, such as position, liquid level, force, torque, and pressure sensors, to industries including aerospace, automotive, defense, energy, and medical. The company's competitive advantage lies in its innovative products, strong customer relationships, and global presence. MTSC's growth strategy focuses on expanding its product offerings, increasing sales and marketing efforts, and pursuing strategic acquisitions to complement its existing product lines and expand its customer base. With a solid financial position, a stable business model, and a focus on growth, MTSC is well-positioned for long-term success.
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