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Dec 31, 2020
3D Systems Q4 2020 Earnings Report
Reported a revenue increase and improved profitability due to restructuring and growth in healthcare.
Key Takeaways
3D Systems reported a 2.6% increase in revenue for Q4 2020 compared to Q4 2019, driven by strong growth in the Healthcare sector. The company achieved non-GAAP operating income of $16.1 million due to restructuring and efficiency improvements.
Q4 2020 revenue increased by 2.6% year-over-year, reaching $172.7 million.
Healthcare revenue grew by 48% year-over-year, driven by dental and medical applications.
The company achieved its target of $60M run-rate cost savings in 2020.
GAAP operating income was $0.7 million, and the GAAP net loss was $19.8 million.
Forward Guidance
Company expects 2021 gross profit margins to be between 40% and 44% on a non-GAAP basis, taking into account businesses divested in 2020 and early 2021, as well as the impact of the company’s cost savings initiatives.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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