Overview
U.S. 3D printing firm's Q1 revenue grew 1% yr/yr, beating analyst expectations
Adjusted EBITDA for Q1 turned positive and beat analyst expectations
Company's results driven by strong growth in Healthcare, Dental, Med Tech, and Aerospace & Defense
Outlook
3D Systems sees Q2 revenue between $93 mln and $95 mln
Company expects Q2 Adjusted EBITDA between ($4) mln and ($2) mln
Company aims for full-year break-even Adjusted EBITDA
Result Drivers
HEALTHCARE AND DENTAL GROWTH - Co said Healthcare revenue rose 21% yr/yr, with Dental and Med Tech each up over 20%, driving overall growth
AEROSPACE & DEFENSE DEMAND - Double-digit growth in Aerospace & Defense contributed to revenue gains, per CEO Graves
COST MANAGEMENT - Improved profitability and positive adjusted EBITDA attributed to higher sales volumes, favorable revenue mix, and cost reduction actions
Company press release: ID:nGNX1vVvwc
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$95.50 mln
$92.39 mln (4 Analysts)
Q1 Adjusted EPS
-$0.01
Q1 EPS
-$0.03
Q1 Net Income
-$4.40 mln
Q1 Adjusted EBITDA
Beat
$2.10 mln
-$4.36 mln (3 Analysts)
Q1 Gross Margin
35.90%
Q1 Adjusted Gross Margin
36.10%
Q1 Operating Income
-$6.60 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy."
Wall Street's median 12-month price target for 3D Systems Corp is $3.75, about 49.4% above its May 11 closing price of $2.51
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)