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

$

42,000

$

46,000

Non-recurring expenses ²

2,800

3,000

Adjusted net income ³

$

44,800

$

49,000

Weighted average diluted common shares outstanding

19,500

19,600

Diluted earnings per share

$

2.15

$

2.35

Impact of non-recurring expenses²

0.15

0.15

Adjusted diluted earnings per share

$

2.30

$

2.50

¹  

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%.