3D Systems Announces Additional Restructuring Initiative and Provides Preliminary Third Quarter 2023 Financial Results
2023年10月25日 - 9:00PM
3D Systems (NYSE:DDD) today announced preliminary third quarter
2023 revenue results and provided a business update on the next
phase of its multi-faceted restructuring initiative.
For the third quarter 2023, the company expects revenues between
$123.0 - $124.0 million, a decrease from third quarter 2022 revenue
of $9.3 - $8.3 million, driven primarily by continued softness in
printer demand. While the company expects fourth quarter 2023
revenues to strengthen on a consecutive basis, consistent with
historic seasonality trends, full year 2023 revenues will be softer
than previously expected. This, combined with continued uncertainty
in the macroeconomic and geopolitical environment, is leading the
company to withdraw its full-year 2023 financial guidance, which
was last provided on August 9, 2023.
In light of these results and continuing macro-risks, the
company also announced the next evolution of its restructuring
initiative designed to improve operating efficiencies throughout
the organization and drive long-term value creation. This
additional phase of the restructuring initiative will target to
deliver expected annualized savings of $45 – $55 million by the end
of 2024, with the majority of the cost takeout to occur by the end
of the first quarter of 2024. The initiative is primarily targeted
at continuing to rationalize headcount and geographic locations in
all functions across the company. These efforts are expected to
streamline the overall organization and reduce operating costs,
while continuing to improve customer quality, and delivery
reliability. Importantly, these cost actions are designed to
preserve key investments in new product development, results of
which are expected to include the release in 2024 of a number of
highly innovative new production printing platforms and advanced
engineering materials needed to meet anticipated customer needs in
the years ahead. The net result of these actions will drive
near-term profitability and cash performance, while supporting
exciting long-term growth as additive manufacturing continues to
penetrate production environments around the world.
The company has not yet completed its financial and operating
closing procedures for the third quarter 2023. Additionally, the
preliminary financial data above has not been subject to review or
other procedures by the company’s independent registered public
accounting firm. As a result, actual results may differ
materially from the preliminary results shown above and will
not be publicly available until the company reports its third
quarter 2023 results in early November 2023.
Third Quarter 2023 Financial Results
TimingThird quarter 2023 financial results and additional
details regarding the restructuring initiative will be released
before market and discussed by management during the Third Quarter
2023 Financial Results Conference Call on Wednesday, November 8,
2023.
Third Quarter 2023 Financial Results Conference
CallDate: Wednesday, November 8, 2023Time: 8:30 a.m.
Eastern TimeListen via webcast:
www.3dsystems.com/investorParticipate via telephone:
201-689-8345
The webcast replay will be available approximately two hours
after the end of the conference call at
www.3dsystems.com/investor.
Forward-Looking StatementsCertain statements
made in this release that are not statements of historical or
current facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the company to be materially
different from historical results or from any future results or
projections expressed or implied by such forward-looking
statements. In many cases, forward-looking statements can be
identified by terms such as "believes," "belief," "expects," "may,"
"will," "estimates," "intends," "anticipates" or "plans" or the
negative of these terms or other comparable terminology.
Forward-looking statements are based upon management’s beliefs,
assumptions, and current expectations and may include comments as
to the company’s beliefs and expectations as to future events and
trends affecting its business and are necessarily subject to
uncertainties, many of which are outside the control of the
company. The factors described under the headings "Forward-Looking
Statements" and "Risk Factors" in the company’s periodic filings
with the Securities and Exchange Commission, as well as other
factors, could cause actual results to differ materially from those
reflected or predicted in forward-looking statements. Although
management believes that the expectations reflected in the
forward-looking statements are reasonable, forward-looking
statements are not, and should not be relied upon as a guarantee of
future performance or results, nor will they necessarily prove to
be accurate indications of the times at which such performance or
results will be achieved. The forward-looking statements included
are made only as of the date of the statement. 3D Systems
undertakes no obligation to update or revise any forward-looking
statements made by management or on its behalf, whether as a result
of future developments, subsequent events or circumstances or
otherwise, except as required by law.
About 3D Systems More than 35 years ago, 3D
Systems brought the innovation of 3D printing to the manufacturing
industry. Today, as the leading additive manufacturing solutions
partner, we bring innovation, performance, and reliability to every
interaction - empowering our customers to create products and
business models never before possible. Thanks to our unique
offering of hardware, software, materials, and services, each
application-specific solution is powered by the expertise of our
application engineers who collaborate with customers to transform
how they deliver their products and services. 3D Systems’ solutions
address a variety of advanced applications in healthcare and
industrial markets such as medical and dental, aerospace &
defense, automotive, and durable goods. More information on the
company is available at www.3dsystems.com.
Investor Contact: |
investor.relations@3dsystems.com |
Media Contact: |
press@3dsystems.com |
3D Systems (NYSE:DDD)
過去 株価チャート
から 5 2024 まで 6 2024
3D Systems (NYSE:DDD)
過去 株価チャート
から 6 2023 まで 6 2024