NYSE$DDD

3D Systems Corp. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported revenue increase and earnings per share, driven by healthcare growth and cost improvements.

3D Systems reported a strong first quarter with revenue growth of 7.7% year-over-year, driven by a 38.7% increase in healthcare revenue. The company achieved GAAP earnings of $0.36 per diluted share and non-GAAP earnings of $0.17 per diluted share. Adjusted EBITDA margins reached 13.6%, and the company generated positive operating cash flow of $28.5 million.

  • Q1 2021 revenue increased by 7.7% to $146.1 million compared to Q1 2020.
  • Organic revenue growth, excluding divested businesses, was 16.6% for Q1 2021 compared to Q1 2020.
  • Q1 2021 GAAP earnings were $0.36 per diluted share compared to a loss of $0.17 per share in Q1 2020.
  • Healthcare business delivered exceptional growth, posting a 39% year-over-year increase.

Headline financials

Total Revenue

$146M

Previous: $135M+8.5%
EPS (adj)

$0.17

Previous: -$0.04+525.0%
Capital Expenditures

-$3.88M

Previous: -$4.37M+11.2%
Free Cash Flow

$41.4M

Previous: -$23.3M+277.5%
Net Income

$45.2M

Previous: -$18.9M+339.0%
Operating Income

-$1.96M

Previous: -$18.2M+89.2%
Gross Profit

$64.2M

Previous: $57.1M+12.4%
Cash & Equivalents

$132M

Previous: $113M+17.4%
Total Assets

$706M

Previous: $784M-10.0%
Stock-Based Comp

$11.1M

Previous: $6.31M+75.1%

Revenue & EPS history

3D Systems · Revenue · Quarterly

$146M

Q1 2021+8.5%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

3D Systems · $124M total across 2 segments · Q3 2023

  • Industrial Solutions
    $71.4M
  • Healthcare Solutions
    $52.4M

Forward guidance

The company increased its focus to invest for accelerated growth and profitability in support of their long-term financial goals of sustained double-digit revenue growth, 50% gross profit margins and 20% adjusted-EBITDA margins.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-2.5%

Avg return

Earnings day

-3.7%

Avg return

5 days after

-0.9%

Avg return

30 days after

38%

25 / 65 earnings

Positive

+34.5%

Q2 2018

Best reaction

-27.8%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%+21.9%+16.6%
Q4 2025-1.9%+23.5%-2.0%
Q3 2025-0.8%-13.4%-17.6%
Q1 2025-27.8%-32.5%-31.8%
Q4 2024-21.0%-23.9%-28.7%
Q3 2024-14.0%-13.4%+1.2%
Q2 2024-7.0%-17.0%+25.7%
Q1 2024+0.0%+1.5%+1.2%
Q4 2023-22.2%-18.2%-14.1%
Q3 2023-1.9%-0.7%+40.3%
Q2 2023-12.0%-11.3%-34.8%
Q1 2023-9.4%-10.1%+8.8%
Q4 2022+10.2%+12.9%+1.0%
Q3 2022+4.6%+28.3%+21.8%
Q2 2022-10.7%-1.7%-24.0%
Q1 2022-7.9%-6.0%-0.5%
Q4 2021-1.0%-16.2%-2.2%
Q3 2021-10.3%-20.7%-27.2%
Q2 2021+24.5%+9.0%+12.3%
Q1 2021+25.1%+16.2%+55.4%
Q4 2020-13.0%-36.2%-30.3%
Q3 2020+5.6%+23.7%+77.0%
Q2 2020-8.3%-9.4%-20.9%
Q1 2020-10.4%-11.2%-2.6%
Q4 2019-8.1%-10.1%-30.0%
Q3 2019+8.3%+11.1%-3.1%
Q2 2019-14.3%-13.6%-8.9%
Q1 2019-22.2%-21.2%-23.3%
Q4 2018-14.7%-18.0%-24.4%
Q3 2018-22.7%-17.3%-20.2%
Q2 2018+34.5%+48.9%+39.9%
Q1 2018-10.5%-3.4%+19.7%
Q4 2017+7.0%+0.3%-0.7%
Q3 2017-20.1%-23.9%-25.3%
Q2 2017-21.6%-24.1%-24.8%
Q1 2017-1.5%+16.4%+26.6%
Q4 2016-10.9%-14.2%-12.5%
Q3 2016-4.7%+3.7%+3.6%
Q2 2016+17.1%+26.1%+22.5%
Q1 2016-9.3%
Q4 2015+9.4%
Q3 2015+0.1%
Q2 2015+14.7%
Q1 2015-8.6%
Q4 2014+1.5%
Q3 2014+0.4%
Q2 2014-14.5%
Q1 2014-3.9%
Q4 2013+0.3%
Q3 2013+6.9%
Q2 2013-6.5%
Q1 2013+5.3%
Q4 2012-7.5%
Q3 2012+18.8%
Q2 2012+9.6%
Q1 2011+3.6%
Q1 2012+3.6%
Q4 2009+15.4%
Q4 2011+15.4%
Q1 2010+15.4%
Q3 2011-16.3%
Q3 2010-16.3%
Q2 2011-2.7%
Q2 2010-2.7%
Q4 2010-2.7%

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