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3D Systems, Inc. (DDD) Reports In-Line Q4 EPS; Issues Light FY14 Profit Outlook

February 28, 2014 8:01 AM EST Send to a Friend
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(Updated - February 28, 2014 8:05 AM EST)

3D Systems, Inc. (NYSE: DDD) reported Q4 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $154.8 million versus the consensus estimate of $154.98 million.

Compared to our late quarter expectations, we are disappointed that our stronger order book didn't convert to higher revenue, but instead, resulted in a near doubling of last quarter's backlog. Despite our higher growth, certain revenue categories fell short of our expectations and the concentration of new product announcements deferred sales and suppressed expected gross profit margin for the quarter, commented CEO Avi Reichental. Compared to our late quarter expectations, we are disappointed that our stronger order book didn't convert to higher revenue, but instead, resulted in a near doubling of last quarter's backlog. Despite our higher growth, certain revenue categories fell short of our expectations and the concentration of new product announcements deferred sales and suppressed expected gross profit margin for the quarter.

Q4 Highlights:

-- 3D printers and other products revenue increased 76% to $73.9 million.
-- Print materials revenue grew 39% to $37.2 million.
-- Services revenue rose 33% to $43.7 million.
-- Healthcare revenue increased 67% to $21.8 million.
-- Consumer solutions expanded 162% to $8.9 million.

Sees FY2014 EPS of $0.73 - $0.85, versus the consensus of $1.27. The company also sees FY2014 revenue of $680 - $720 million, versus the consensus of $654.48 million.

For earnings history and earnings-related data on 3D Systems, Inc. (DDD) click here.




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