3D Systems Corp is a leading provider of 3D printing solutions, offering a comprehensive range of products and services that span from 3D printers and materials to software and on-demand print services
The company focuses on advancing additive manufacturing technology to meet the diverse needs of industries such as aerospace, healthcare, automotive, and consumer goods. By leveraging its innovative technologies, 3D Systems enables organizations to optimize their design and production processes, create bespoke parts and prototypes, and reduce time-to-market for new products, thus transforming traditional manufacturing paradigms.
HOUSTON, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Systemic Bio™, a 3D Systems company (NYSEDDD), has been named the winner of the prestigious SLAS 2025 Innovation Award. This award recognizes groundbreaking technological advancements poised to drive innovation in laboratory science and automation. The competition featured cutting-edge developments led by distinguished experts from top institutions worldwide.
Looking back on industrial machinery stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including 3D Systems (NYSEDDD) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Stratasys (NASDAQSSYS) and the rest of the custom parts manufacturing stocks fared in Q3.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at custom parts manufacturing stocks, starting with Proto Labs (NYSEPRLB).
Shares of 3D printing company 3D Systems (NYSEDDD) jumped 23% in the morning session after the company announced a deal with Daimler Trucks and Buses to improve the production of spare parts using additive manufacturing. Through this partnership, Daimler will use 3D Systems' expertise in additive manufacturing to produce hard-to-find components like fuse box covers. These parts often face sourcing delays during vehicle production, causing bottlenecks in the supply chain.
ROCK HILL, S.C. and LEINFELDEN-ECHTERDINGEN, Germany, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSEDDD), a leading additive manufacturing solutions provider, and Daimler Truck | Daimler Buses, one of the world’s largest commercial vehicle manufacturers, announced a revolutionary solution to facilitate remote spare part printing. The solution combines Daimler Buses’ production and maintenance expertise for automotive serial additive manufacturing parts for trucks, buses, and motorcoaches with 3D Systems’ expertise in 3D printing technology, materials, and applications, Oqton’s software leadership, and the pioneering work of Wibu-Systems in digital rights and IP management. This collaboration enables Daimler Buses to deliver enhanced service capabilities to its certified additive manufacturing (AM) partners while protecting its valuable intellectual property (IP) and competitive position. By utilizing this solution, Daimler Buses’ certified 3D printing partners will be able to manufacture spare parts locally for various underhood and cabin interior applications, including pins, covers, and inserts. As a result, these service partners can increase flexibility and efficiency while reducing time to parts in hand by up to 75%. Commercial truck, bus, and touring coach companies will also realize substantial indirect cost savings by minimizing vehicle downtime due to maintenance.
HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Systemic Bio™, a 3D Systems company (NYSEDDD), is honored to announce its selection as a Top 10 Finalist for the prestigious SLAS 2025 Innovation Award. This recognition underscores the groundbreaking potential of Systemic Bio’s proprietary h-VIOS™ platform geared at accelerating drug discovery and development using human-relevant data from bioprinted tissues.
3D Systems trades at $3.53 and has moved in lockstep with the market. Its shares have returned 8% over the last six months while the S&P 500 has gained 9.2%.
Shares of 3D printing company 3D Systems (NYSEDDD) jumped 16.7% in the morning session after the company revealed plans to sell its Geomagic® software portfolio, which includes tools for reverse engineering, design, and inspection, to Hexagon for $123 million. The sale is expected to close in the first half of 2025. After the deal, management intends to focus on software solutions that drive the adoption of 3D printing technologies. The proceeds from the sale should also boost 3D Systems's cash position, equipping management with more resources to drive the growth of its core 3D business.
ROCK HILL, S.C., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Following a strategic review of the Company’s software investment strategy, 3D Systems (NYSEDDD) today announced that it has signed a definitive agreement to sell its Geomagic software portfolio to the Manufacturing Intelligence Division of Hexagon, a global leader in digital reality solutions, combining sensor, software, and autonomous technologies, for $123 million. The transaction is expected to close in the first half of 2025, following the completion of customary regulatory reviews. The Geomagic product portfolio is a powerful, proven integrated software tool kit that includes Design X, Control X, Freeform, Wrap, and Geomagic for SolidWorks. The Geomagic portfolio has built a strong user base in, among other things, the market for creating digital models from physical objects that can then be used to manufacture the finished component. This process, commonly known as ‘reverse engineering,’ automates the processing of scan data captured with a 3D scanner to create accurate CAD models. Certain Geomagic products can also be used to design from scratch or modify existing models and to accurately measure and inspect parts for quality control purposes when finished. As a leader in scanning technologies, Hexagon is ideally positioned to harness the power of the Geomagic portfolio to offer a more complete scan-to-CAD workflow, to bridge the physical and digital worlds.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the custom parts manufacturing industry, including Desktop Metal (NYSEDM) and its peers.
3D printing company 3D Systems (NYSEDDD) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 8.8% year on year to $112.9 million. The company’s full-year revenue guidance of $445 million at the midpoint came in 1.6% below analysts’ estimates. Its non-GAAP loss of $0.12 per share was 26.3% below analysts’ consensus estimates.
