On March 28, 2025, according to the Resource Library, US 3D Printer Manufacturer 3D Systems (NYSE: DDD) recently published its financial reports for the financial year 2024 (FY 2024) and the fourth quarter 2024 (Q4 2024).
The data show that the annual turnover of the company was 440.1 million US dollars, down 9.8% compared to $ 488.1 million in 2023; Revenues in the fourth quarter were $ 111 million US dollars, down 3.3% in annual shift; The month per month, income also dropped by 1.7%, less than 112.9 million US dollars in the third quarter of 2024.
Environment and market performance
Affected by low customer expenses throughout the year (in particular in the field of equipment), associated with economic uncertainty generally confronted with industry, the performance of the company is under pressure. However, the slight increase in sales of industrial printers at the end of the year, the strengthening of service activities and the increase in the use of equipment led to a rebound in consumables.
MJP 2500 Plus project. Image: 3D systems
The gross profit margin during the 2024 financial year was 37.2%, a drop in annual slip of 2.9 percentage points; The gross profit margin fell to 31.0%, a drop in annual shift of 7.3 percentage points. The quarterly results were affected by an adjustment of income of $ 8.7 million in the company’s regenerative medicine program, which results from the corresponding modifications of the company to its accounting estimate method after United Therapeutics introduced a new preclinical test protocol.
“Despite the challenges, our core business has reached the previously planned income range and the market has shown signs of recovery in the fourth quarter,” said Dr. Jeffrey Graves, president and chief executive officer of 3D Systems.
Details of the results of the 2024 and 2024 exercises of the fourth quarter
As always, 3D Systems reports its financial situation through two major departments: health care and industry.
Medical and health section:
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Revenues during the year 2024 were $ 189.7 million, a drop in annual shift of 11.0%.
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Fourth quarter turnover amounted to $ 40.4 million, a drop in annual shift of 21.1% and a drop in the month over the month of 26.7%.
The main reason for the drop in income is the delay in the recognition of income for regenerative medicine projects and fluctuations in the internal cost of the manufacturing process. The company stressed that this change is mainly procedural and does not reflect the progress of real operations.
Industrial sector:
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Industrial revenues during the 2024 fiscal year were 250.4 million US dollars, a drop in annual shift of 8.9%.
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In the fourth quarter, industrial income was $ 70.7 million, an increase of 11.0% in annual slipping and 22.1% per month.
The growth of the industrial company is mainly allocated to the rebound in sales of new 3D printers, as well as to the increase in income from services and consumable sales. This shows that some customers have gradually resumed the purchase of equipment and materials after suspending expenses at the start of the year.
Important commercial progress
–Medical and health field:Signed the largest dental request contract of the company to date. Fda Approved the launch of multi-material printed prosthesis products, expanding the American market.
–Industrial field: Nami, Saudi Arabia Supply of several metallic and polymers 3D printers for Saudi Electric Power Company (SECOND) Provide parts, support local production and help Saudi Arabia “Vision 2030»。
3D systems present its new global prosthesis line LMT LAB Day 2024. Photo: 3D systems
–Auto industry: SAUBER MOTORSPORT Become the first to adopt PSLA 270 F1 F1 F1 technical for blower test components.
–Business software for sale:In December 2024, the company obtained regulatory approval to add its subsidiaries Geomagic software company by $ 123 million Price for sale at Hexagon. The transaction should be In early April 2025 Completed, the product will be used to improve the financial situation of the company.
Perspectives for exercise 2025
In 2025, 3D systems expect annual income between $ 420 million and $ 435 million, given the reduction in income generated by the sale of geomagic software activities.
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Grute margin of the beneficiary margin: the raw non-gaap profit margin should be between 37% and 39%.
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Operating expenses: should be between $ 200 and $ 220 million.
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COBINE EBITDA: The company plans to reach an update of the profitability threshold or slightly profitable in the Ebitda adjusted in the fourth quarter of 2025.
To improve profitability, 3D Systems launched a cost reduction program in the first quarter of 2025, which should produce more obvious results in the second half.
To summarize
Although 3D systems contain pressure on income and profits in 2024, the resumption of the industrial sector, the launch of new products and important cooperative projects have brought positive signals to the company. In 2025, the company will focus on cost control and improvement of efficiency, and at the same time, I can’t wait to improve financial health thanks to the sale of software activities. As the market feels resumes, annual performance should obtain a constant improvement.
