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Mar 31, 2021
3D Systems Q1 2021 Earnings Report
Reported revenue increase and earnings per share, driven by healthcare growth and cost improvements.
Key Takeaways
3D Systems reported a strong first quarter with revenue growth of 7.7% year-over-year, driven by a 38.7% increase in healthcare revenue. The company achieved GAAP earnings of $0.36 per diluted share and non-GAAP earnings of $0.17 per diluted share. Adjusted EBITDA margins reached 13.6%, and the company generated positive operating cash flow of $28.5 million.
Q1 2021 revenue increased by 7.7% to $146.1 million compared to Q1 2020.
Organic revenue growth, excluding divested businesses, was 16.6% for Q1 2021 compared to Q1 2020.
Q1 2021 GAAP earnings were $0.36 per diluted share compared to a loss of $0.17 per share in Q1 2020.
Healthcare business delivered exceptional growth, posting a 39% year-over-year increase.
Forward Guidance
The company increased its focus to invest for accelerated growth and profitability in support of their long-term financial goals of sustained double-digit revenue growth, 50% gross profit margins and 20% adjusted-EBITDA margins.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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