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Jun 30, 2021
3D Systems Q2 2021 Earnings Report
Reported double-digit growth on a consecutive-quarter and year-over-year basis, with significantly improved profitability and positive operating cash flow.
Key Takeaways
3D Systems reported strong second-quarter results, demonstrating significant growth in revenue and profitability. Revenue increased 44.1% year-over-year and 11.3% sequentially. The company's focus on additive manufacturing and strategic divestitures have positioned it for continued growth and investment in core businesses.
Revenue of $162.6 million reflects double-digit growth on a consecutive-quarter and year-over-year basis.
Adjusted for divestitures, revenue was 11.4% higher than second quarter 2019 reflecting acceleration beyond pre-pandemic performance levels.
Adjusted EBITDA margin of 12.4%, GAAP loss per share of $0.08 and non-GAAP earnings per share of $0.12.
Financial performance yielded positive operating cash flow of $13.5 million to support ongoing investments for organic growth.
Forward Guidance
The company expects 2021 gross profit margins to be between 40% and 44% on a non-GAAP basis.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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