On Jan. 24, testing-products supplier MTS Systems (NASDAQ:MTSC) released first-quarter earnings for the period ended Dec. 31, 2006.

  • Revenues increased by 8% for the maker of mechanical test systems and industrial position sensors.
  • Orders grew by 15% to $111.5 million, which was attributable to a large custom test order in Asia and sensors growth across the globe.
  • The stock needs more opinions for it to receive an official rating in Motley Fool CAPS. What do you think ... outperform or underperform?

(Figures in thousands, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$99,056

$91,843

7.9%

Net Profit

$10,117

$7,956

27.2%

EPS

$0.54

$0.40

35.0%

Diluted Shares

18,601

20,004

(7.0%)

Get back to basics with a look at the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

42.5%

44.2%

(1.7)

Operating Margin

12.7%

13.4%

(0.7)

Net Margin

10.2%

8.7%

1.6

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$115,012

$143,867

(20.1%)

Accounts Rec.

$104,062

$96,814

7.5%

Inventory

$41,400

$37,877

9.3%

Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$16,534

$16,995

(2.7%)

Long-Term Debt

$8,990

$15,673

(42.6%)

Learn the ways of the balance sheet.

Cash Flow Highlights
There must be smart people running this company. So why no cash flow statement?

Find out why Fools always follow the money.

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