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Posted by: Jim on: 10/25/2012 05:48 PM
3D Systems Corporation (NYSE: DDD) announced today non-GAAP adjusted earnings of 32 cents per share for the third quarter of 2012 and GAAP earnings of 24 cents per share.
Revenue increased to $90.5 million, a 57% increase, over the third quarter of 2011, on 26% organic growth. The company reported growth from all its revenue categories, led by printer revenue on a 123% increase in printer units sold, excluding Cube® printer units. Backlog at the end of the quarter amounted to $9.3 million on continued across the board strong demand.
For the third quarter, gross profit grew 69% on higher revenue and gross profit margin expansion of 350 basis points over the 2011 quarter to 51.8%, driven by printers and materials gross profit margin improvement.
“We are very pleased to report another outstanding quarter driven by doubling printer units sales,” said Abe Reichental, 3D Systems’ President and Chief Executive Officer. “We believe that our record revenue and earnings growth, amidst expected seasonal weakness, reflects the potency of our diversified portfolio and business model.”
http://www.3dsystems.com
Revenue increased to $90.5 million, a 57% increase, over the third quarter of 2011, on 26% organic growth. The company reported growth from all its revenue categories, led by printer revenue on a 123% increase in printer units sold, excluding Cube® printer units. Backlog at the end of the quarter amounted to $9.3 million on continued across the board strong demand.
For the third quarter, gross profit grew 69% on higher revenue and gross profit margin expansion of 350 basis points over the 2011 quarter to 51.8%, driven by printers and materials gross profit margin improvement.
“We are very pleased to report another outstanding quarter driven by doubling printer units sales,” said Abe Reichental, 3D Systems’ President and Chief Executive Officer. “We believe that our record revenue and earnings growth, amidst expected seasonal weakness, reflects the potency of our diversified portfolio and business model.”
http://www.3dsystems.com