NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  3D Systems Corporation (“3D Systems” or the “Company”) (NYSE: DDD).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether 3D Systems and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On M ...

"Hexagon is well-positioned to take the Geomagic portfolio to new heights, ensuring continued innovation and value for its users," said Dr. Jeffrey Graves, president & CEO of 3D Systems. "We are grateful for the contributions of our Geomagic team members and confident they will thrive in this next chapter. For 3D Systems, with today's completed sale, we are pleased to further strengthen our balance sheet and continue our focus on fueling profitable organic growth through R&D and investing in our core platfo ...

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Financial Data and Key Metrics Changes - For Q4 2024, consolidated revenues were $111 million, a decline of 3% year-over-year, primarily due to a $9 million decrease from a change in accounting estimate [53][54] - Full-year revenues for 2024 totaled $440 million, down 10% from the previous year, impacted by broader macro pressures on printer sales [56] - Non-GAAP gross margin for Q4 was 31.3%, down from 39.8% in the prior year, with a full-year gross margin of 37.4%, compared to 40.6% in 2023 [58][59] Business Line Data and Key Metrics Changes - Industrial Solutions revenues grew 11% in Q4 to $71 million, driven by strength in printer systems sales and services, particularly in aerospace and defense [54] - Healthcare Solutions reported Q4 revenues of $40 million, down 21% year-over-year, influenced by the accounting change and inventory management issues among dental customers [55][57] - Full-year revenues for Industrial Solutions were $250 million, a decline of 9%, while Healthcare Solutions revenues were $190 million, down approximately 11% [56][57] Market Data and Key Metrics Changes - The aerospace and defense markets showed significant growth, contributing to the uptick in industrial printer sales [54][72] - The dental market is expected to see substantial growth, particularly in the aligner segment, with a projected addressable market of over $1 billion in the U.S. alone by 2029 [33][35] Company Strategy and Development Direction - The company is focusing on in-sourcing manufacturing operations to gain control over product introduction, costs, and quality, which is expected to yield long-term competitive advantages [22][23] - A strategic emphasis is placed on high-reliability markets such as automotive, aerospace, and medical devices, with plans to expand on these markets in future earnings releases [18][19] - The company aims to improve profitability through cost reduction initiatives targeting over $50 million in annualized savings by mid-2026 [42][44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macroeconomic environment affecting customer CapEx spending, but noted signs of stabilization and strengthening demand in Q4 [15][16] - The company expects revenues for 2025 to be flat to modestly growing, with significant improvements in profitability anticipated due to cost actions [50][67] - Management expressed confidence in long-term growth prospects driven by advancements in additive technology and increased customer interest in production applications [20][21] Other Important Information - The company announced a divestiture of its Geomagic Software platform for $123 million, expected to close shortly, which will enhance its balance sheet [45][64] - Cash and cash equivalents at year-end 2024 were $171 million, down from $332 million in the prior year, with significant cash used for debt repurchases [64][65] Q&A Session Summary Question: Update on the industrial vertical and Q1 expectations - Management noted an encouraging uptick in new printer sales in Q4, particularly in high-reliability markets, but expects Q1 to be seasonally weaker [72][75] Question: Focus on dental business and revenue expectations - Management indicated that while aligners will dominate in 2025, significant revenue from other segments like dentures is expected to ramp up in 2026 [80][82] Question: Cost cuts and their impact on growth opportunities - Management confirmed that most cost cuts are permanent and focused on efficiency improvements, with minimal expected revenue impact [114][116] Question: Cash flow expectations and timeline for positive cash flow - Management aims for operating cash flow positivity in 2026, with improvements expected as cost savings are realized [120][121]

Core Viewpoint - 3D Systems reported disappointing Q4 2024 earnings, leading to a significant drop in stock price, reflecting ongoing challenges in sales and profitability [1][2][5]. Financial Performance - Q4 2024 earnings showed a loss of $0.19 per share, nearly double the expected loss of $0.11, with sales at $111 million, below the forecast of $115.2 million [2][3]. - Year-over-year sales for Q4 decreased by 3%, and gross profit margin fell by 730 basis points to 31% [3]. - For the full year, sales declined by 10% to $440.1 million, with gross margins down 290 basis points to 37.3%, resulting in GAAP losses of $1.94 per share [4]. Cash Flow and Operational Insights - The company experienced negative free cash flow of $61 million in 2024, an improvement from $107.9 million in 2023 [4]. - CEO Dr. Jeffrey Graves acknowledged the challenges in 2024 due to weak customer capital expenditures but noted an uptick in sales in Q4 and improvements in consumables sales [5]. Future Outlook - Despite some positive indicators, 3D Systems forecasts sales of no more than $435 million in 2025, which is lower than the previous year [5].

3D Systems (DDD) reported a non-GAAP loss of 19 cents per share in the fourth quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 11 cents. The company registered earnings of 13 cents per share in the year-ago quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The results negatively impacted investor sentiment, leading to a 2.21% drop in the company's share price in the pre-market trading on March 27.DDD reported revenues of $111 million for the fourth quarter o ...

3D Systems Corporation (NYSE:DDD) Q4 2024 Earnings Conference Call March 27, 2025 8:30 AM ET Company Participants Mick McCloskey - VP, IR Jeffrey Graves - President and CEO Jeff Creech - EVP and CFO Conference Call Participants Jim Ricchiuti - Needham & Company Troy Jensen - Cantor Fitzgerald Greg Palm - Craig-Hallum Capital Group Operator Greetings, and welcome to the 3D Systems Fourth Quarter and Fiscal Year 2024 Earnings Conference Call and Webcast. At this time all participants are in a listen-only mode ...

March 27, 2025 Fourth Quarter and Full Year 2024 Financial Results Welcome and Participants Dr. Jeffrey Graves President & Chief Executive Officer Jeffrey Creech Executive Vice President & Chief Financial Officer Mick McCloskey Vice President, Treasury & Investor Relations To participate via phone, please dial: 1-201-689-8345 3 Dr. Jeffrey Graves President & Chief Executive Officer 2 Forward Looking Statements Certain statements made in this presentation that are not statements of historical or current fact ...

Group 1 - 3D Systems reported a quarterly loss of $0.19 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.11, marking an earnings surprise of -72.73% [1] - The company posted revenues of $111.02 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 3.86% and down from $114.85 million a year ago [2] - 3D Systems shares have declined approximately 16.5% since the beginning of the year, contrasting with the S&P 500's decline of -1.8% [3] Group 2 - The earnings outlook for 3D Systems is mixed, with the current consensus EPS estimate for the coming quarter at -$0.10 on revenues of $103.76 million, and -$0.28 on revenues of $461.73 million for the current fiscal year [7] - The Zacks Industry Rank indicates that the Commercial Printing sector is currently in the bottom 12% of over 250 Zacks industries, suggesting potential underperformance compared to higher-ranked industries [8]

Revenue Concentration - For the years ended December 31, 2024, 2023, and 2022, one customer accounted for approximately 16%, 15%, and 23% of consolidated revenue, respectively[38]. Workforce and Employment - As of December 31, 2024, the company had 1,833 full-time and part-time employees, a decrease from 1,925 employees as of December 31, 2023[61]. - The company’s workforce is distributed with approximately 59% in the Americas, 32% in EMEA, and 9% in APAC, promoting diversity of thought and experiences[64]. - The company’s compensation programs are designed to be competitive and equitable, supporting employees in sharing in the success of the organization[66]. - The company is committed to creating a safe work environment, providing substantial safety training and necessary equipment to reduce significant safety risks[67]. - The company emphasizes a strong safety culture through communication, awareness, and visible leadership[67]. Intellectual Property - The company held 1,247 and 1,381 patents worldwide as of December 31, 2024, and 2023, respectively, with 300 and 350 pending patent applications[47]. Manufacturing and Production - The company completed its work to in-source the manufacturing of multiple printing platforms in 2024, resulting in improved production quality and cost efficiency[40]. Research and Development - The company is engaged in R&D efforts related to regenerative medicine, including the development of transplantable organs using 3D printing technologies[45]. Marketing and Sales Strategy - The company’s marketing strategy includes a direct sales force, channel partners, and appointed distributors across the Americas, EMEA, and APAC regions[35]. - The company’s solutions enable customers to optimize their supply chain, reduce lead times, and minimize environmental impact through localized production[57]. Corporate Governance and Leadership - The executive team includes Jeffrey A. Graves as President and CEO, Jeffrey D. Creech as CFO, and Charles W. Hull as CTO, with ages ranging from 46 to 85[71][72][74]. - Jeffrey D. Creech was appointed CFO in December 2023, previously serving as Senior Director at The Finley Group[72]. - Reji Puthenveetil was promoted to Executive Vice President, Additive Solutions and Chief Commercial Officer in January 2024, overseeing commercial operations for Healthcare and Industrial Solutions[75]. - Phyllis Nordstrom has served as Chief People Officer since August 2021 and was appointed Chief Administrative Officer in December 2022[76]. - Joseph Zuiker has been Executive Vice President of Engineering and Operations since December 2022, previously working at MTS Systems Corporation[77]. - Andrew W. B. Wright became Senior Vice President, General Counsel and Secretary in June 2024, with prior experience at Akoustis Technologies and IBM[78]. Transparency and Reporting - The company provides free access to its Annual Reports and other SEC filings on its website[68]. - Corporate governance materials, including the Code of Conduct and Ethics, are available on the company's website[69]. Sustainability Strategy - The company’s sustainability strategy is organized into four pillars: Empowering Innovation, Evolving the Future of Manufacturing, Advancing Customer Solutions, and Upholding Responsible Business Practices[55].