3D Systems (DDD) delivers signed merger agreement to Stratasys (SSYS)

•  3D Systems (DDD) announces that it has delivered a signed merger agreement to Stratasys Ltd. (SSYS), substantially in the form shared with the Stratasys Board on September 6, 2023, and as required, will now be filed on Form 8-K with the SEC by 3D Systems.
• The binding offer presents shareholders with a certain, superior alternative to Stratasys' planned acquisition of Desktop Metal (DM) and can be countersigned by Stratasys following termination of its merger agreement with Desktop Metal.
• DDD believes that Stratasys' reasons for rejecting the company's proposal and its refusal to continue negotiations were either well-known to Stratasys and investors when Stratasys determined that 3D Systems' July 13 proposal was likely to lead to a superior proposal, or misleading, self-interested and overly focused on short-term prospects.
• While near-term share prices for all companies in the sector have been pressured, the long-term trajectories of Stratasys and 3D Systems remain fundamentally unchanged in the past two months, raising serious questions to the credibility of Stratasys' evaluation of the 3D Systems proposal.
• Most importantly, Stratasys affirmed that the 3D Systems combination would generate significantly more synergies, and therefore value creation, than any other available alternative.

=3D Systems (DDD) : downgraded at Loop Capital

• Jan-16-20  Downgrade Loop Capital  Hold → Sell  $9 

3D Systems Corp. (NYSE: DDD) was downgraded to Sell from Hold with a $9 target price (versus an $11.90 close, after a 2.6% gain) at Loop Capital. 3D Systems had a consensus target price of $9.58, and its 52-week trading range is $6.47 to $14.50.

=3D Systems (DDD) reported earnings on Tue 7 May 2019 (a/h)

3D Systems misses by $0.08, misses on revs

• Reports Q1 (Mar) loss of $0.09 per share, excluding non-recurring items, $0.08 worse than the S&P Capital IQ Consensus of ($0.01); revenues fell 8.4% year/year to $152 mln vs the $164.69 mln S&P Capital IQ Consensus. The company reported 90 percent higher printer unit sales, but as a result of the mix of unit sales, printer revenue decreased 29 percent compared to the first quarter of the prior year. Healthcare services and simulation increased, however timing of large customer orders for printers and materials offset the increases, and total healthcare revenue decreased 5 percent from the first quarter of 2018. During the first quarter, materials revenue decreased 3 percent, software decreased 8 percent and on demand services decreased 12 percent. The company reported GAAP gross profit margin of 43.2 percent for the first quarter of 2019 compared to gross profit margin of 46.9 percent in the prior year period. Under absorption of overhead driven by lower revenue and production combined with mix of sales resulted in lower gross profit margin in the first quarter of 2019.
• "While we expected seasonality in our revenue this year from ordering patterns of enterprise customers, the first quarter was lower than anticipated as a result of shipment timing and additional on demand weakness," commented Vyomesh Joshi (VJ) chief executive officer, 3D Systems. "We are taking actions to improve performance for the balance of the year, including accelerating cost reductions."

Earnings this week : May 6 - 10, 19 (wk 19)

 

Monday (May 6)

• Premarket: AMG, BHC, CAMT, CEVA, DK, DSKE, KOS, NSSC, PETS, SPNS, SYY, TSN    

• After-Hours: AEIS, AIG, AIZ, ANDE, APU, AVID, AWR, BE, BHF, BKD, CBT, CDEV, CENT, COHU, CPE, DCO, DCP, EGOV, ENSG, EVBG, EVER, FBM, FMC, FN, FRAC, FRGI, FRPT, FRTA, GLPI, GLUU, HBM, HHC, HIIQ, HPR, HTZ, IAG, IFF, INVH, IPAR, ITRI, IVC, KLAC, KMT, KRC, KRG, LCI, LMNX, MASI, MOS, MTSC, MWA, NCMI, NGHC, NLS, OFIX, ORA, OTTR, OXY, PAHC, PLOW, PXD, QGEN, RARE, RBC, RCII, RE, RNG, RP, RTEC, SEDG, SHO, SKT, SNHY, STRL, SYKE, TACO, TCMD, TXMD, UGI, VECO, XENT

Tuesday (May 7)

• Premarket: ADNT, AES, AGN, AKRX, AMAG, ARMK, ARRY, ATH, ATKR, AVNS, BCC, BGCP, BLD, BR, BUD, CJ, CLVS, CNHI, CNK, CRL, CROX, CTLT, CWEN, DEA, DF, DNR, DPLO, DXPE, EGRX, EMR, ENR, EXPD, FI, GSKY, GTE, GTX, HAE, HSIC, ICL, IMOS, IPI, JEC, JELD, JLL, KEYW, KL, LCII, LGIH, LITE, LPX, MDCA, MFA, MLCO, MNK, MYL, NHI, NOVT, NWN, OCN, OMI, PINC, PNM, PRIM, REGN, RHP, SEAS, SERV, SND, SRE, TA, TDG, USAC, USFD, VAC, VCEL, VGR, VPG, WBT, WOW

• After hours: ACLS, ADT, APEI, ATO, ATSG, AVD, AVLR, BECN, BOLD, CERS, CGBD, CHUY, COLD, CRAY, CRZO, CSOD, CTRE, CWK, DDD, DIOD, DVA, EA, EDIT, ENTA, ESE, EVH, EVRI, FANG, FARM, FATE, FG, FLT, FTSI, GHDX, GTES, HALO, HCKT, HCLP, HUBS, ICHR, IMMR, INGN, INSP, IOSP, IRTC, JAZZ, JCOM, KAR, KGC, LADR, LC, LOPE, LTHM, LYFT, MMI, MODN, MTCH, MTSI, MYGN, NCR, NVTA, OAS, OHI, OPK, OSPN, PAA, PAGP, PBPB, PEGA, PEN, PLT, PLYA, POWL, PRI, PRMW, PUMP, PZZA, QRVO, QTWO, QUOT, RGR, RNR, RTRX, S, SEMG, SGMS, SUPN, SWX, TRIP, TWO, TWOU, VOYA, VREX, WING, WMC, WMGI, WTTR, WU, Y, ZAGG

Wednesday (May 8)

• Premarket: ACM, ANDX, ATHM, ATRO, BCOR, BG, BV, CBB, CBRE, CEIX, CFX, CHK, CHSP, CORE, COTY, FOLD, FTDR, FUN, GCP, GOLD, GOLF, GTN, GTT, HMC, HZNP, ICPT, LXP, MCHP, MCK, MIDD, MPC, MPLX, MRNA, MSG, MYE, NCS, NXST, NYT, ODP, PFGC, PLUG, PTLA, RDUS, SBGI, SGRY, SPB, STWD, SUM, TAST, TGI, TRI, VER, VG, WAAS, WEN, YRCW
• After hours: AAOI, AGS, AIMT, AKCA, ALB, ANGI, APLE, APYX, ARNA, ASRT, AXGN, BIO, BREW, CCMP, CECO, CNDT, COLL, CPA, CTL, CVNA, CW, CWH, CXW, DAR, DIS, DRH, DVAX, ECPG, EGAN, ELF, ENV, ETSY, EVRG, EZPW, FLNT, FNV, FOSL, FOXA, FTK, GBDC, GDOT, GKOS, GPRE, HLI, IAC, IMMU, INFN, INSG, IVR, KIDS, KINS, KRO, KTOS, LASR, LHCG, MATX, MBI, MRAM, MTRX, NKTR, NNI, NUAN, NVEE, OSUR, PAAS, PETQ, PK, PRGO, PRSC, PSDO, PSEC, QDEL, RDFN, RLJ, ROKU, RUN, RWT, RXN, RYAM, SAIL, SCOR, SGMO, SIEN, SJI, SLF, SMI, SRPT, STMP, SUN, SVMK, SWAV, SWCH, TCX, TLND, TPC, TPIC, TRHC, TTGT, TVTY, TWNK, UPWK, VERI, WIFI, WPM, WTRH, XEC, ZGNX

Thursday (May 9)

• Premarket: ACIW, AEE, AMC, AMRX, ANIP, BAM, BDX, BPMC, BPMP, CAH, CHH, CNNE, CNP, CNQ, COMM, CPG, CRCM, CVIA, DESP, DSX, DUK, EBIX, ECOM, ELAN, ENDP, EPAM, EPC, EYE, FOCS, GOGO, GTS, HAIN, HIMX, HL, HMHC, HSC, INAP, INXN, IONS, KDP, LAUR, LNG, MBUU, MCFT, MGA, MMS, NCLH, NMRK, NOMD, NS, OMER, OSTK, OXFD, PBH, PQG, PRTY, RCM, RDNT, REZI, RGEN, SNH, SQNS, SUP, SYNH, TEN, TGNA, TLRA, TPR, TTD, TTI, TU, TW, UNVR, USCR, VNTR, VRTV, VSH, VSTO, WRLD, WWW

• After hours: AAXN, AGO, AIRG, AL, ALRM, ALTR, AMBC, AMBR, AQ, AQN, ASYS, BKNG, CABO, CARG, CDLX, CISN, CTRL, CUTR, DBX, DHT, EFX, ELY, EQH, FLY, FSCT, GH, GPRO, GSBD, ICUI, JAG, MAIN, MAXR, MESA, MTD, MTW, NDLS, NNBR, NTR, NTRA, NVRO, NWSA, PBYI, PRAA, QNST, QRTEA, RBA, ROAD, SCSC, SENS, SNCR, SONO, SPPI, SPWR, SSRM, SSTI, SWIR, SYMC, SYNA, TGH, TIVO, TROX, TRUE, TRXC, UEPS, UNIT, VFF, VSLR, WPRT, XLRN, XON, YELP, ZAYO, ZG, ZVO

Friday (May 10)

• Premarket: AQUA, BPL, CLNY, ENB, ERF, HPT, JD, MAR, PEGI, PTE, SSP, TRCO, VIAB
• After hours: CBPO

Notable earnings reports: Tyson Foods (NYSE:TSN), Hertz Global (NYSE:HTZ) and Bausch Health (NYSE:BHC) on May 6; Electronic Arts (NASDAQ:EA), Lyft (NASDAQ:LYFT), Anheuser-Busch InBev (NYSE:BUD) and Wynn Resorts (NASDAQ:WYNN) on May 7; Disney (DIS), Roku (NASDAQ:ROKU), Etsy (NASDAQ:ETSY), Fox (NASDAQ:FOXA) and Madison Square Garden (NYSE:MSG) on May 8; GoPro (NASDAQ:GPRO), Booking Holdings (NASDAQ:BKNG), Keurig Dr Pepper (NYSE:KDP) and Trade Desk (NASDAQ:TTD) on May 9; Viacom (NASDAQ:VIAB), JD.com (NASDAQ:JD) and Linde (NYSE:LIN) on May 10.

-=3D Systems (DDD) reported earnings on Tue 7 Aug 2018 (a/h)

3D Systems beats by $0.05, beats on revs; Announce partnership with GF Machine Solution 

• Reports Q2 (Jun) earnings of $0.06 per share, $0.05 better thanthe Capital IQ Consensus of $0.01; revenues rose 10.7% year/year to $176.6 mln vs the $165.93 mln Capital IQ Consensus.
• GF Machine Solutions News
• GF Machining Solutions is a provider of complete solutions to the precision machining industry and to manufacturers of precision components. This partnership will enable manufacturers to produce complex metal parts within tight tolerances, and reduce total cost of operation. The integrated solutions planned will deliver a new concept in factory automation that includes software for enhanced part design, 3D printers, materials and automated material handling, electrical discharge machining (EDM), milling equipment and advanced post-processing technologies.

-=3D Systems (DDD) reported earnings on Wed 14 March 18 (a/h)

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. 

=3D Systems (DDD) reported earnings on Tue 31 Oct 2017 (a/h)

3D Systems misses by $0.31, misses on revs; withdraws guidance 

• Reports Q3 (Sep) loss of $0.20 per share, $0.31 worse than the Capital IQ Consensus of $0.11; revenues fell 2.2% year/year to $152.9 mln vs the $162.22 mln Capital IQ Consensus. 
• "While third quarter results did not meet our expectations, we believe actions taken during the quarter both organizationally and operationally better position the company for long term success," commented Vyomesh Joshi (VJ), Chief Executive Officer, 3D Systems. "During the quarter, we reorganized the go to market team, changing key leadership positions in both the Americas and the Asia Pacific region while shifting to a worldwide go to market structure. We also completed a deep and comprehensive review of our portfolio based on year to date demand, market trends and a solid understanding of where we meet and will continue to meet customers' expectations." Demand from healthcare and industrial customers as well as strong execution in EMEA was more than offset by softer sales in the Americas and Asia Pacific regions.
• Full Year 2017 Guidance Management is focused on building the company for long term growth, profitability and success. This includes significant transformational work in solving for legacy issues while at the same time addressing current and go forward execution. Predictability has been difficult in this environment, and therefore, management believes it is prudent to withdraw guidance at this time. 

=3D Systems (DDD) reported earnings on Wed 2 Aug 2017 (a/h)

• #34 before earnings

ROCK HILL, S.C. (AP) _ 3D Systems Corp. (DDD) on Wednesday reported a loss of $8.4 million in its second quarter.

On a per-share basis, the Rock Hill, South Carolina-based company said it had a loss of 8 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, were 8 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The maker of 3D printers posted revenue of $159.5 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $163 million.

3D Systems expects full-year earnings to be 46 cents per share.

3D Systems shares have climbed 28 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.01, an increase of 40 percent in the last 12 months.

=3D Systems (DDD) reported earnings on Wed 3 May 2017 (a/h)

ROCK HILL, S.C. (AP) _ 3D Systems Corp. (DDD) on Wednesday reported a loss of $10 million in its first quarter.

On a per-share basis, the Rock Hill, South Carolina-based company said it had a loss of 9 cents. Earnings, adjusted for amortization costs and stock option expense, came to 6 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.

The maker of 3D printers posted revenue of $156.4 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $156.3 million.

3D Systems expects full-year earnings in the range of 51 cents to 55 cents per share, with revenue in the range of $643 million to $684 million.

3D Systems shares have climbed 25 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.60, an increase of 8 percent in the last 12 months.

=3D Systems (DDD) reported earnings Wed 3 Aug 2016 (b/o)

3D Systems beats by $0.06, misses slightly on revs  :

• Reports Q2 (Jun) earnings of $0.12 per share, excluding non-recurring items, $0.06better than the Capital IQ Consensus of $0.06; revenues fell 7.3% year/year to $158.1 mln vs the $160.9 mln Capital IQ Consensus.
• Quarterly revenue benefited from continued strong demand for the co's healthcare solutions and software as well as higher materials orders from healthcare and industrial customers. However, these gains were not enough to offset the lower demand for 3D printers and on demand manufacturing in the quarter, resulting in a 7% decrease in revenue.
• Gross margin increased to 50.9% benefiting from the co's shift away from consumer products and increased sales of higher margin materials, software and healthcare solutions.
• "We were pleased with continued strong demand for our healthcare solutions and software as well as increased materials sales into advanced industrial and healthcare applications...We see clear opportunities for improvements in 3D printers and on demand manufacturing services as we drive operational excellence and focus on providing reliable end-to-end solutions."