3D Systems reports Q4 results in-line with upside preannouncement
- Q4 adj. EPS $0.05 vs $0.03 Capital IQ Consensus Estimate; revs +7% to $177.3 mln vs $164.87 mln Capital IQ Consensus.
- Co preannounced Q4 adj. EPS $0.03-0.05 vs $0.02 Capital IQ Consensus; revs $176-178 mln vs. $162.23 mln Capital IQ Consensus when it delayed 10-K filing on Febraury 28.
- Demand across categories fueled growth during the fourth quarter, driven by strong execution in EMEA and improved execution in the Americas and Asia. The company reported revenue growth in healthcare, materials, software and on demand manufacturing as well as higher printer unit sales in the fourth quarter.
- The company reported gross profit margin of 48.2 percent for the fourth quarter of 2017 compared to 50.0 percent in the fourth quarter of the prior year. Gross profit cost reduction initiatives in 2017 were offset by additional investments in services and on demand manufacturing.