3D Systems Corp is a leading provider of 3D printing solutions, offering a comprehensive range of products and services that span from 3D printers and materials to software and on-demand print services
The company focuses on advancing additive manufacturing technology to meet the diverse needs of industries such as aerospace, healthcare, automotive, and consumer goods. By leveraging its innovative technologies, 3D Systems enables organizations to optimize their design and production processes, create bespoke parts and prototypes, and reduce time-to-market for new products, thus transforming traditional manufacturing paradigms.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy.
The market seems to be debating where we are in the cycle as the industrials stocks were flat over the past six months.
At the same time, the S&P 500 rose by 3.6%.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Desktop Metal (NYSEDM) and the rest of the custom parts manufacturing stocks fared in Q2.
Looking back on industrial machinery stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including 3D Systems (NYSEDDD) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Stratasys (NASDAQSSYS) and the rest of the custom parts manufacturing stocks fared in Q3.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at custom parts manufacturing stocks, starting with Proto Labs (NYSEPRLB).
Shares of 3D printing company 3D Systems (NYSEDDD) jumped 23% in the morning session after the company announced a deal with Daimler Trucks and Buses to improve the production of spare parts using additive manufacturing. Through this partnership, Daimler will use 3D Systems' expertise in additive manufacturing to produce hard-to-find components like fuse box covers. These parts often face sourcing delays during vehicle production, causing bottlenecks in the supply chain.
3D Systems trades at $3.53 and has moved in lockstep with the market. Its shares have returned 8% over the last six months while the S&P 500 has gained 9.2%.
Shares of 3D printing company 3D Systems (NYSEDDD) jumped 16.7% in the morning session after the company revealed plans to sell its Geomagic® software portfolio, which includes tools for reverse engineering, design, and inspection, to Hexagon for $123 million. The sale is expected to close in the first half of 2025. After the deal, management intends to focus on software solutions that drive the adoption of 3D printing technologies. The proceeds from the sale should also boost 3D Systems's cash position, equipping management with more resources to drive the growth of its core 3D business.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the custom parts manufacturing industry, including Desktop Metal (NYSEDM) and its peers.
3D printing company 3D Systems (NYSEDDD) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 8.8% year on year to $112.9 million. The company’s full-year revenue guidance of $445 million at the midpoint came in 1.6% below analysts’ estimates. Its non-GAAP loss of $0.12 per share was 26.3% below analysts’ consensus estimates.
