UPDATE: 3D Systems, Inc. (DDD) Reports In-Line Q1 EPS of 15c

April 29, 2014 8:02 AM EDT
(Updated - April 29, 2014 8:03 AM EDT)

3D Systems, Inc. (NYSE: DDD) reported Q1 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $147.76 million versus the consensus estimate of $145.5 million.

"Our first quarter results reflect expanding demand across all of our revenue categories, led by strong 76% unit sales growth of design and manufacturing printers, and the ongoing placement of manufacturing printers that continued to increase the growth rate of materials," said Avi Reichental, 3DS' President and Chief Executive Officer.

First Quarter 2014 Revenue Highlights (compared to first quarter 2013):

-- 3D printers and other products revenue increased 53% to $60.8 million.
-- Print materials revenue grew 41% to $40.4 million.
-- Services revenue rose 38% to $46.6 million.
-- Healthcare revenue increased 53% to $21.7 million.
-- Consumer revenue expanded 150% to $9.7 million.

The company exited the quarter with $28.8 million of backlog. The March 2014 backlog included $17.9 million of printer orders, in part reflecting increased demand for the company's Direct Metal 3D printers, which continues to outstrip manufacturing capacity.

First Quarter 2014 Revenue Highlights (compared to first quarter 2013):

  • 3D printers and other products revenue increased 53% to $60.8 million.
  • Print materials revenue grew 41% to $40.4 million.
  • Services revenue rose 38% to $46.6 million.
  • Healthcare revenue increased 53% to $21.7 million.
  • Consumer revenue expanded 150% to $9.7 million.

The company exited the quarter with $28.8 million of backlog. The March 2014 backlog included $17.9 million of printer orders, in part reflecting increased demand for the company's Direct Metal 3D printers, which continues to outstrip manufacturing capacity.

- See more at: http://globenewswire.com/news-release/2014/04/29/631060/10078746/en/3D-Systems-Reports-First-Quarter-2014-Financial-Results.html#sthash.YaNYirW0.dpuf

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



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