3D Systems Announces Preliminary Third Quarter 2024 Revenue Results

Quick Summary:

Preliminary third quarter 2024 revenue to be approximately $113 million*Q3 materials grew 10% year-over-year and 9% sequentially, offset by declines in printer revenues driven by continued macro-related pressures on capital spending*Record year of product innovation and regulatory approvals supporting future growth in key markets such as Dental, Personalized Healthcare, Aerospace & Defense.

This positions the company for exciting future revenue growth as the economy normalizesManagement expects to release and discuss complete third quarter 2024 results the week of November 25, 2024 *The preliminary financial data above and below remains subject to the company’s close process.

For third quarter 2024, the Company expects revenues of approximately $112.9 million, a $10.9 million decrease from third quarter 2023 revenue of $123.8 million, driven primarily by a continuation of macroeconomic factors negatively impacting hardware systems, partially offset by strong materials growth.

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Article Details

Author / Journalist: 3D Systems Inc.

Category: Technology

Markets: ChinaMali

Topics: NYSE:DDD US88554D2053

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 21:30:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1102 words

Reading Time: 7 minutes read

Sentences: 32 lines

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Copyright Owner: © GlobeNewswire

News ID: 23576359

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