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NEW YORK - 3D Systems Corporation (NYSE:DDD) reported fourth-quarter results that fell short of analyst expectations and provided disappointing guidance for 2025, sending its shares down 7.4% in after-hours trading.
The 3D printing company posted adjusted earnings per share of -$0.19 for the quarter, missing the analyst estimate of -$0.10. Revenue came in at $111 million, below the consensus forecast of $115.6 million and down 3% YoY.
3D Systems also cut its outlook for fiscal year 2025, projecting revenue between $420 million and $435 million. This range falls well below analysts’ expectations of $462.4 million.
"While 2024 was a challenging year for sales, reflecting weak customer capex spending on new manufacturing plant capacity through the first three quarters, we were pleased to see a healthy uptick in the sale of new industrial printer systems and global services in the fourth quarter," said Dr. Jeffrey Graves, president & CEO of 3D Systems.
The company’s Healthcare Solutions revenue decreased 21% to $40.4 million compared to the prior year period, while Industrial Solutions revenue increased 11% to $70.7 million.
3D Systems announced a new cost reduction initiative expected to deliver over $50 million in incremental annualized savings related to actions taken throughout 2025 and the first half of 2026. The company aims to achieve break-even or better adjusted EBITDA performance by the fourth quarter of 2025.
As of December 31, 2024, 3D Systems had cash and cash equivalents of $171.3 million, down from $331.5 million a year earlier. The company expects to further strengthen its balance sheet with proceeds from the planned sale of its Geomagic software platform for $123 million, targeted to close in early April.
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