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Sep 30, 2021
3D Systems Q3 2021 Earnings Report
3D Systems reported strong double-digit growth driven by strength in industrial and healthcare sectors, and made strategic investments in software and regenerative medicine.
Key Takeaways
3D Systems reported a 14.6% increase in revenue for Q3 2021 compared to the same period last year, and a 35.9% increase when excluding businesses divested in 2020 and 2021. The company's cash from operations was $20.7 million, bolstering a balance sheet with $503 million of cash. The company also completed divestitures of non-core assets and began the transition to a strategic growth phase.
Revenue increased 14.6% to $156.1 million compared to the same period last year.
Industrial revenue increased 4.0% year-over-year, or 28.1% adjusted for divestitures.
Healthcare revenue increased 28.3% year-over-year, or 44.5% adjusted for divestitures.
Cash on hand was $502.8 million with no debt.
Forward Guidance
The company expects 2021 gross profit margins to be between 41% and 43% on a non-GAAP basis.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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