UPDATE: 3D Systems (DDD) Tops Q4 EPS by 1c

February 25, 2013 8:36 AM EST
(Updated - February 25, 2013 8:52 AM EST)

3D Systems (NYSE: DDD) reported Q4 adjusted EPS of $0.39, $0.01 better than the analyst estimate of $0.38. Revenue for the quarter came in at $101.6 million versus the consensus estimate of $103.86 million.

The company said that "stronger printer demand bolstered quarter-end backlog to $11.4 million at year-end, a 23 percent sequential increase, which included $3.2 million related to current printers' sales."

3D printers and other products revenue nearly doubled to $126.8 million on stronger demand as a result of the company's effective portfolio convergence, price point re-alignment and channel expansion. Print materials revenue grew 46.1 percent to $103.2 million on 124.2% higher printer units and services revenue increased by $30.5 million over 2011 to $123.7 million and included $79.2 million of on-demand parts.

The company announced its annual guidance for the full year 2013, expecting its revenue to be in the range of $440 million to $485 million and its non-GAAP earnings per share to be in the range of $1.00 to $1.15, on a post-split basis, inclusive of the acquisition of Geomagic, which the company expects to close by the end of February 2013. The Street is modeling revs of $442.2 million and EPS of $1.58.

We entered 2013 with positive sales momentum shaped by increased demand from advanced manufacturing activities. While we may face lingering economic uncertainties in parts of the world, we expect to continue to benefit from robust R&D and manufacturing spending by our customers worldwide," commented CEO Avi Reichental.

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


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