NYSE$DDD

3D Systems Corp. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a revenue increase and improved profitability due to restructuring and growth in healthcare.

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.

Headline financials

Total Revenue

$173M

Previous: $165M+4.9%
EPS (adj)

$0.09

Previous: $0.05+80.0%
Capital Expenditures

$2.63M

Previous: $5.72M-54.1%
Free Cash Flow

$9.9M

Previous: $15.8M-37.3%
Net Income

-$19.8M

Previous: -$4.66M-325.4%
Operating Income

$731K

Previous: -$4.7M+115.6%
Gross Profit

$72.4M

Previous: $71.8M+1.0%
Cash & Equivalents

$75M

Previous: $134M-43.9%
Total Assets

$733M

Previous: $807M-9.2%
Stock-Based Comp

$1.1M

Previous: $4.37M-74.7%

Revenue & EPS history

3D Systems · Revenue · Quarterly

$173M

Q4 2020+4.9%vs Q4 2019
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

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

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-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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