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MTS REPORTS DECREASED FIRST QUARTER RESULTS -- SAYS EARNINGS CAN STILL INCREASE FOR THE YEAR

 MTS REPORTS DECREASED FIRST QUARTER RESULTS --
 SAYS EARNINGS CAN STILL INCREASE FOR THE YEAR
 MINNEAPOLIS, Jan. 21 /PRNewswire/ -- MTS Systems Corporation (NASDAQ: MTSC) reports a sharp decrease in first quarter results, due to delays in certain shipments, but says that earnings for the year should still increase based on strong first quarter order bookings.
 Sales for the first quarter of fiscal year 1992 were $32,418,400, 16 percent below the $38,523,900 reported for the comparable quarter one year ago. Net income for the quarter was $795,600, or $.17 per share compared to $.49 per share one year ago.
 Planned revenues and earnings for the first quarter had been forecast to be below the prior year's first quarter, but shipment delays resulted in a further reduction.
 New orders for the first quarter were $44,403,800, a 26 percent increase over the comparable quarter in fiscal year 1991, with continued strength from the company's material testing sector. Significant orders were also received for durability simulators from Shanghai Auto Research Institute (PRC) and Ford Motor Company, Dearborn, Mich.
 Backlog of undelivered orders at Dec. 31, 1991, increased from the beginning of the fiscal year to $94,042,800. One year ago undelivered orders totalled $67,597,200.
 President Donald M. Sullivan says profits in the first quarter were "reasonable given the low revenue" and that MTS should still increase it earnings for the year if bookings hold at the first quarter level.
 MTS manufactures computer based systems for determining the durability of materials, products and structures; and measurement and control systems for the automation of manufacturing processes.
 MTS SYSTEMS CORPORATION
 CONSOLIDATED FINANCIAL STATEMENTS
 (Unaudited)
 Three Months Ended
 12/31/91 12/31/90
 Sales $32,418,400 $38,523,900
 Income before taxes 1,121,600 3,481,700
 Income taxes 326,000 1,260,900
 Net income 795,600 2,220,800
 Earnings per common and common
 equivalent shares $.17 $.49
 Weighted average number of common and
 common equivalent shares 4,561,751 4,471,111
 -0- 1/21/92
 /CONTACT: Donald Sullivan, president, 612-937-4111, or Marshall Carpenter, CFO, 612-937-4008, both of MTS Systems/
 (MTSC) CO: MTS Systems Corporation ST: Minnesota IN: CPR SU: ERN


AL -- MN012 -- 2056 01/21/92 16:40 EST
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Publication:PR Newswire
Date:Jan 21, 1992
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