Welcome to our dedicated page for 3D Systems news (Ticker: DDD), a resource for investors and traders seeking the latest updates and insights on 3D Systems stock.
3D Systems Corp (symbol: DDD) is a pioneer in the 3D printing industry, offering a broad array of 3D printing and digital manufacturing solutions. The company's product portfolio includes 3D printers for plastics and metals, materials, software, on-demand manufacturing services, and digital design tools. With over 35 years of experience, 3D Systems is at the forefront of innovation in additive manufacturing, impacting a wide range of industries from healthcare and dental to aerospace, automotive, and durable goods.
3D Systems' operations are segmented into Healthcare Solutions and Industrial Solutions, with a significant portion of its revenue generated from the Industrial segment. The company has a strong global presence with offices and facilities across the Americas, EMEA, and APAC regions, although the majority of its revenue comes from the Americas.
The company's recent projects have showcased its advanced capabilities in both industrial and healthcare applications. For instance, 3D Systems has pioneered a first-to-market solution for jetted, monolithic dentures, combining bespoke materials to deliver high-performance dental prosthetics. This innovation has gained interest from leading dental labs and is expected to receive FDA clearance in the second half of 2024.
On the industrial front, 3D Systems continues to expand its portfolio. Recently, the company has seen growth in its metal 3D printing division with Wilting, an industrial machining and metal 3D printing service provider, adding multiple DMP Flex 350 metal 3D printers to its production line. This expansion will enable Wilting to meet increasing customer demand more efficiently.
Financially, 3D Systems has been proactive in managing its liabilities and maintaining a strong balance sheet. The company recently entered into repurchase agreements to buy back $110 million of its 0% Convertible Senior Notes due 2026, thereby reducing its outstanding debt significantly.
3D Systems' commitment to innovation is further exemplified by its developments in patient-specific medical devices. The FDA recently cleared its VSP® PEEK Cranial Implant solution, designed for use in cranioplasty procedures, which utilizes additive manufacturing to produce highly customized, cost-effective cranial implants.
Looking ahead, 3D Systems aims to harness its leadership in digital dentistry, with plans to expand its product offerings to include night guards and direct-printed clear aligners. The company has also secured a multi-year purchase agreement, valued at nearly a quarter-billion dollars, to support the indirect manufacturing process for clear aligners, a testament to its robust 3D printing technology and market leadership.
3D Systems' unique combination of hardware, software, materials, and services, powered by expert application engineers, ensures they continue to transform industries and empower their customers to innovate. More information on 3D Systems is available at www.3dsystems.com.
3D Systems (NYSE:DDD) has launched a new material, Accura® Composite PIV, enhancing efficiency in the production of wind tunnel models for aerodynamic testing, in collaboration with Alpine F1 Team. This material significantly reduces preparation time and provides high-resolution data, improving the understanding of airflow over race cars. With capabilities to produce nearly 500 parts weekly, the material's unique optical properties lessen laser reflection, leading to more reliable PIV testing. This development showcases 3D Systems' commitment to innovation in motorsports.
3D Systems (NYSE: DDD) has announced the sale of its On Demand Manufacturing business to Trilantic North America for $82 million. The company plans to reinvest the proceeds to enhance its core additive manufacturing operations, with a focus on growth and profitability. The transaction is expected to close in Q3 2021 and includes facilities in the U.S. and Europe. 3D Systems will continue collaborating with Quickparts, the new brand for the sold business, as part of its strategy to dominate the additive manufacturing market.
3D Systems (NYSE:DDD) has announced management will present at two upcoming virtual investor conferences. The Stifel 2021 Virtual Cross Sector Insight Conference is scheduled for June 8, 2021, at 9:20 a.m. ET, followed by the BofA Securities 2021 Global Technology Conference on June 9, 2021, at 1:00 p.m. ET. Interested investors can access live webcasts of these presentations via the Investor Relations section of 3D Systems’ website, with replays available for at least 30 days.
3D Systems (NYSE: DDD) announced the addition of four high-performance resins to its Figure 4 portfolio for production and prototyping. The materials, including the Figure 4 High Temp 150C FR Black, are designed for demanding applications in sectors like aerospace, automotive, and healthcare. They offer long-term mechanical performance and environmental stability, tested for eight years indoors and 1.5 years outdoors. The new 3D Sprint software boosts productivity by 40%. General availability is expected by mid-June 2021.
3D Systems Corporation (NYSE: DDD) reported a 7.7% increase in Q1 2021 revenue, amounting to $146.1 million, driven by 16.6% organic growth excluding divestitures. The company achieved 44.0% gross margins and GAAP earnings of $0.36 per share, marking a turnaround from a loss of $0.17 per share in Q1 2020. Strong growth in the Healthcare sector, which grew 39%, was noted, while Industrial sales saw a slight decrease of 11.7%. Significant cash reserves of $133 million and focused investments indicate a positive long-term outlook.
3D Systems (NYSE:DDD) announced significant acquisitions to bolster its initiatives in regenerative medicine and industrial-scale additive manufacturing. The company acquired Allevi, a bioprinting solutions provider, to enhance its capabilities in medical research and development labs, targeting a market projected to grow over 15% annually. Additionally, 3D Systems has signed an agreement to acquire Additive Works, a software firm specializing in optimization for 3D printing. These strategic moves aim to accelerate growth and address expanding application opportunities in these fields.
3D Systems has announced a significant expansion of its facility in Denver, Colorado, adding 50,000 square feet to support its healthcare solutions. This will enhance the company's capacity for patient-specific healthcare and industrial applications, utilizing advanced polymer and metal additive manufacturing technologies. The expansion aims to meet the growing demand for high-reliability products and is expected to be completed in the second quarter of 2022.
3D Systems (NYSE: DDD) has launched VSP® Hybrid Guides, a groundbreaking solution for maxillofacial surgeons combining titanium's strength with nylon's softness, enhancing surgical precision. Developed from customer feedback, these patient-specific guides offer improved visibility and confidence during procedures. The guides are designed for easy connection and can accommodate multiple cutting locations, saving time in the operating room. Currently in a limited launch, they're expected to be widely available by May 2021, marking a significant advancement in personalized surgical solutions.
3D Systems (DDD) announced its financial results for Q1 2021 will be available after market close on May 10, 2021. A conference call and webcast for discussing these results is scheduled for May 11, 2021, at 8:30 a.m. Eastern Time. Investors can listen via the company’s investor website or participate through a dedicated telephone line. The company has provided standard forward-looking statements cautioning about risks and uncertainties that may affect future results and performance.
3D Systems (NYSE: DDD) announced a collaboration with Huntington Ingalls Industries’ Newport News Shipbuilding to develop Copper-Nickel (CuNi) and Nickel-Copper (NiCu) alloys for additive manufacturing. These new marine alloys aim to replace traditional casting methods, potentially reducing lead times by up to 75% and enhancing supply chain efficiency. The materials, known for their corrosion resistance and durability, will enable the production of complex parts traditionally made through lengthy casting processes. Successful development could expand 3D Systems' materials portfolio for various applications.
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