3D Systems Q1 Revenue Hits $95.5M, Exceeds Expectations
Reports Q1 revenue $95.5M, consensus $92.4M. Dr. Jeffrey Graves, President and Chief Executive Officer of 3D Systems, said, "We are pleased with our first-quarter performance on both the top and bottom line, which exceeded our initial expectations. Revenue growth was driven by strength in our key markets, including Dental, Med Tech, and Aerospace & Defense. These customers continue to rapidly adopt 3D printing as a core manufacturing technology and expand the range of applications they deploy. In the first quarter, this momentum drove growth rates of more than 20% in our Dental (excluding aligners), Med Tech, and Aerospace & Defense markets. This performance highlights the market-leading breadth of our additive manufacturing portfolio, spanning direct metal printing and all five major polymer technologies, combined with our deep expertise in advanced applications."
