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3D Systems Appoints Phyllis Nordstrom as Chief Financial Officer
Globenewswire· 2026-03-23 11:00
Group 1 - 3D Systems announced the appointment of Phyllis Nordstrom as Executive Vice President and Chief Financial Officer, effective March 23, 2026 [1] - Ms. Nordstrom has been serving as Interim Chief Financial Officer since August 2025 and will continue her role as Chief Administrative Officer [1][2] - Her promotion reflects the company's confidence in her leadership and commitment to financial discipline and long-term shareholder value [2] Group 2 - Over the past six months, Ms. Nordstrom has effectively guided the global finance organization, focusing on strategic investments and profitability improvements [2] - She has over 25 years of experience in finance, accounting, controls, and risk management across public companies and public accounting firms [3] - Ms. Nordstrom's previous roles include senior positions at MTS Systems Corporation, PricewaterhouseCoopers, Target Corporation, and U.S. Bank [3] Group 3 - 3D Systems has been a pioneer in the additive manufacturing industry for nearly 40 years, focusing on transforming the way products are designed and manufactured [4] - The company provides industry-leading 3D printing technologies, materials, and software to high-value markets such as medical, aerospace, and durable goods [4] - 3D Systems aims to achieve its goal of transforming manufacturing for a better future through collaboration with customers [4]
3D Systems Reports Fourth Quarter and Full Year 2025 Financial Results
Globenewswire· 2026-03-09 11:00
Core Viewpoint - 3D Systems Corporation reported its financial results for Q4 and the full year of 2025, highlighting a mixed performance with growth in certain segments but overall revenue decline compared to the previous year [1][4]. Financial Results Summary - Q4 2025 revenue was $106.3 million, a 16% sequential increase but a 4% decrease year-over-year. Adjusted for the divestiture of Geomagic, revenue grew 3% year-over-year [5][7]. - Full year 2025 revenue decreased 12% to $386.9 million compared to 2024, with a 7% decline when adjusted for Geomagic [10]. - Healthcare Solutions revenue increased 25% to $50.5 million in Q4, while Industrial Solutions revenue decreased 21% to $55.8 million [7][10]. - Gross profit margin for Q4 was 30.8%, down from 31.0% in the prior year, while the full year gross profit margin decreased to 33.9% from 37.3% [8][11]. Operational Highlights - The company achieved approximately $55 million in annualized cost savings in 2025 through cost reduction and efficiency programs [5]. - The personalized health services segment showed strong double-digit growth, becoming the largest within the healthcare business, driven by expansion into the trauma market [4]. - The aerospace and defense segment achieved 16% revenue growth, exceeding the target of 15% for the full year, with expectations of 20% growth in 2026 [4]. Adjusted Financial Metrics - Adjusted EBITDA for Q4 improved by $13.8 million to a loss of $5.3 million compared to the prior year, primarily due to reductions in operating expenses [9]. - Non-GAAP diluted loss per share for Q4 was $(0.13), an improvement from $(0.19) in the prior year [3]. Financial Liquidity - As of December 31, 2025, the company had total cash of $97.1 million, with $3.9 million in principal debt maturing in Q4 2026 [14].
3D Systems Announces Date of Fourth Quarter and Full Year 2025 Financial Results
Globenewswire· 2026-03-02 21:10
Core Viewpoint - 3D Systems is set to release its financial results for the fourth quarter and full year 2025 on March 9, 2026, before the U.S. stock market opens [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call and webcast on March 9, 2026, at 8:30 a.m. Eastern Time [2] - Investors can listen to the webcast at www.3dsystems.com/investor and participate via telephone [2] Group 2: Company Overview - 3D Systems has been a pioneer in 3D printing and additive manufacturing for nearly 40 years, founded by Chuck Hull [3] - The company provides industry-leading 3D printing technologies, materials, and software across various high-value markets, including medical, aerospace, and AI infrastructure [3] - 3D Systems aims to transform manufacturing for a better future through innovative solutions and collaboration with customers [3]
3D Systems to Present at the Needham Growth Conference
Globenewswire· 2026-01-05 21:10
Core Viewpoint - 3D Systems will participate in the 28th Annual Needham Growth Conference, presenting insights into their business and future strategies [1] Group 1: Company Overview - 3D Systems has been a pioneer in 3D printing and additive manufacturing for nearly 40 years, founded by Chuck Hull [2] - The company provides industry-leading 3D printing technologies, materials, and software across high-value markets including medical, aerospace, transportation, and AI infrastructure [2] - 3D Systems aims to transform manufacturing through innovative solutions and collaboration with customers [2] Group 2: Upcoming Events - The presentation at the Needham Growth Conference is scheduled for January 13, 2026, from 12:45 p.m. to 1:25 p.m. Eastern Time [1] - Dr. Jeff Graves, President and CEO, along with Phyllis Nordstrom, Interim CFO and Chief Administrative Officer, will be the presenters [1] - A live webcast and replay of the presentation will be available on the company's investor relations website [1]
3D Systems Accelerates Growth in Aerospace & Defense with Strategic Investments and Projected Leadership Position
Globenewswire· 2026-01-05 12:30
Core Insights - The Aerospace & Defense (A&D) business of 3D Systems is projected to become the company's largest industrial segment by 2026, driven by significant revenue growth and favorable U.S. policy support [1][2][4] Revenue Growth - The A&D business is expected to grow over 15% in 2025 and accelerate to more than 20% in 2026, with revenue from production printing systems and custom metal parts anticipated to exceed $35 million in 2026 [2][4] Strategic Expansion - 3D Systems is expanding its Littleton, Colorado facility by up to 80,000 square feet to enhance its A&D Application Center of Excellence, which will support application development and production-scale manufacturing [2][3] Production Scaling - The Littleton facility is set to be certified under the America Makes JAQS-SQ framework, which aims to scale defense industrial base capabilities for qualified additive manufacturing production [2][3] Technological Advancements - The company is on track with a multi-phase, $18.5 million program sponsored by the U.S. Air Force to develop next-generation laser powder-bed fusion technologies for large format metal part production [2][4] Unique Ecosystem - By 2027, 3D Systems will be the only U.S. provider of a complete, end-to-end metal additive manufacturing ecosystem for large-frame metal printing systems, enhancing its position in the market [2][4] Global Operations - The company’s European operations support international A&D customers, while a joint venture in Saudi Arabia is advancing localized A&D solutions [2][4] Supply Chain Resilience - Regionalized manufacturing is emphasized to reduce lead times and risks, which is critical for mission readiness [7] Application Development - The Application Innovation Group (AIG) co-develops lightweight designs with customers, accelerating qualification and scaling through the expanded Littleton Center [7] Robust Printing Solutions - 3D Systems' low-oxygen direct metal printing technology ensures high-quality output for flight-critical applications, with ongoing collaborations to develop materials for challenging end-uses [7]
3D Systems Announces $31 Million Equitization Transaction
Globenewswire· 2025-12-09 13:05
Core Viewpoint - 3D Systems Corporation has announced an agreement to exchange $30,773,000 of its 0% Convertible Senior Notes due 2026 for 16,625,243 shares of its common stock, with the exchange expected to close around December 16, 2025 [1][2]. Group 1: Exchange Details - The exchange will result in approximately $3.9 million of the 2026 Notes remaining outstanding after the transaction [2]. - 3D Systems will not receive any cash proceeds from the exchange [2]. Group 2: Regulatory Information - The shares issued in the exchange have not been registered under the Securities Act of 1933 and may not be offered or sold in the U.S. without registration or an applicable exemption [4]. - The announcement does not constitute an offer to sell or a solicitation to buy any of the shares [3]. Group 3: Company Background - 3D Systems has been a pioneer in 3D printing and additive manufacturing for nearly 40 years, providing industry-leading technologies and solutions across various high-value markets [6]. - The company aims to transform manufacturing through innovative 3D printing technologies, materials, and software [6].
3D Systems Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-04 21:30
Core Viewpoint - 3D Systems Corporation reported a decrease in revenue and net loss for the third quarter of 2025, but anticipates sequential growth in the fourth quarter driven by improvements in key markets and new product launches [4][5][6]. Financial Results Summary - Revenue for Q3 2025 was $91.2 million, a 19% decrease from $112.9 million in Q3 2024 [3][6]. - Gross profit was $29.4 million with a gross profit margin of 32.3%, down from 36.9% in the prior year [3][7]. - Operating expenses were $50.7 million, significantly lower than $222.5 million in Q3 2024, leading to an operating loss of $21.3 million [3][8]. - Net loss attributable to 3D Systems Corporation was $18.1 million, an improvement from a loss of $178.6 million in the same quarter last year [3][8]. - Diluted loss per share was $(0.14), compared to $(1.35) in Q3 2024 [3][8]. Segment Performance - Healthcare Solutions revenue decreased by 22% to $42.8 million compared to the prior year [7]. - Industrial Solutions revenue decreased by 16% to $48.5 million compared to the prior year [7]. - The decline in revenue was attributed to lower sales volume and the divestiture of the Geomagic business [7]. Outlook - The company expects sequential revenue growth of 8% to 10% in Q4 2025, driven by increased sales in Healthcare, Industrial markets, and consumer markets [4][5]. - Gross margins are anticipated to stabilize, with increased volumes expected to offset short-term pressures from a heavier mix of printer sales [4][5]. Financial Liquidity - As of September 30, 2025, total cash was $114.2 million, with total debt of $122.6 million [9][10]. - Cash and cash equivalents decreased by $75.8 million since December 31, 2024, primarily due to cash used in operations and financing activities [10].
3D Systems Announces Date of Third Quarter 2025 Financial Results
Globenewswire· 2025-10-30 13:10
Core Insights - 3D Systems will release its financial results for Q3 2025 on November 4, 2025, after market close [1] - A conference call and webcast to discuss these results is scheduled for November 5, 2025, at 8:30 a.m. Eastern Time [2] Company Overview - 3D Systems has been a pioneer in 3D printing and additive manufacturing for nearly 40 years, founded by Chuck Hull [3] - The company provides industry-leading 3D printing technologies, materials, and software across various high-value markets, including medical, aerospace, and AI infrastructure [3] - 3D Systems aims to transform manufacturing through innovative solutions and a commitment to collaboration with customers [3]
3D Systems Announces Chief Financial Officer Transition
Globenewswire· 2025-08-20 20:15
Core Points - 3D Systems announced that Jeffrey D. Creech will step down as Chief Financial Officer effective August 29, 2025, and Phyllis Nordstrom has been appointed as Interim CFO [1][2] - Dr. Jeffrey Graves, the president and CEO of 3D Systems, expressed gratitude for Creech's leadership in strategic initiatives and confidence in Nordstrom's capabilities to drive organizational improvements and risk management [2] - Phyllis Nordstrom has a strong background in finance and risk management, having held various leadership roles in companies such as MTS Systems Corporation and PricewaterhouseCoopers, and she has been with 3D Systems since 2021 [2] Company Overview - 3D Systems has been a pioneer in the additive manufacturing industry for nearly 40 years, founded by Chuck Hull, and continues to innovate in 3D printing technologies [3] - The company provides comprehensive solutions in high-value markets including medical, aerospace, transportation, and AI infrastructure, aiming to transform manufacturing for a better future [3]
3D Systems Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-11 20:15
Core Viewpoint - 3D Systems Corporation reported a decline in revenue for Q2 2025, but improved profitability due to cost-saving initiatives and operational efficiencies despite challenging macroeconomic conditions [4][5][6]. Financial Performance - Revenue for Q2 2025 was $94.8 million, a decrease of 16% year-over-year from $113.3 million in Q2 2024 [2][7]. - Gross profit for the quarter was $36.2 million, with a gross profit margin of 38.1%, down from 41.6% in the same period last year [2][8]. - Operating expenses were $51.5 million, leading to an operating loss of $15.4 million, an improvement from a loss of $26.4 million in Q2 2024 [2][8]. - Net income attributable to 3D Systems was $104.4 million, a significant increase from a net loss of $27.3 million in the prior year [2][8]. Segment Performance - Healthcare Solutions revenue decreased by 8% to $45.0 million, while Industrial Solutions revenue fell by 23% to $49.8 million compared to the prior year [7][23]. - The Medical Technology sector showed resilience, with a 13% year-over-year growth in Personal Health Services, driven by increased orthopedic procedures using 3D printing technology [6][5]. - Aerospace & Defense revenues grew by 84% year-over-year, reaching over $30 million annually, highlighting strong demand in high-reliability industrial markets [6][5]. Cost Management and Efficiency - Cost reduction and efficiency programs resulted in over $20 million in savings in operating expenses during Q2 2025 [5][4]. - The company is on track to return to positive cash flow by 2026, supported by previously announced cost initiatives [5][4]. - The restructuring program includes workforce restructuring and consolidation of operational footprint, which are expected to continue through mid-2026 [4][5]. Balance Sheet and Liquidity - As of June 30, 2025, cash and cash equivalents totaled $116.4 million, a decrease of $55.0 million since December 31, 2024 [10]. - The company successfully retired $88 million in outstanding debt and extended maturities for the majority of remaining debt to 2030 [6][5]. - Total debt, net of deferred financing costs, stood at $122.6 million [10].