3D Systems Reports Fourth Quarter Results
Todd Grimm posted on February 23, 2012 |

3D Systems Corporation announced non-GAAP adjusted earnings of $0.27/share for the fourth quarter of 2011 and GAAP earnings of $0.16/share. Revenue increased 35% to $69.9 million for the fourth quarter of 2011 and 44% to $230.4 million for the full year.

Printer units grew 190% for the quarter and 242% for the year, resulting in record printer revenue and units shipped.

For the full year 2011, the company reported non-GAAP adjusted net income of $41.0 million resulting in $0.81/share, up 69% compared to full year 2010, and GAAP net income of $35.4 million, or $0.70/share.

Gross profit increased 32% for the fourth quarter and 47% for the full year 2011. The company’s annual gross profit margin excluding all businesses acquired during 2011 improved from 46% for 2010 to 49% for 2011.

“We are very pleased with our continued strong performance and record quarterly and annual results,” said Abe Reichental, 3D Systems’ president and CEO. “We are thrilled that our print materials revenue topped $20 million for the quarter and $70 million for the full year on tripling printer units that we sold to manufacturers and consumers alike, underscoring the power of our recurring revenue engine and the value of our differentiated approach.”

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