Stratasys Ltd is a leading provider of additive manufacturing and 3D printing solutions, offering a wide range of technologies and materials that cater to various industries, including aerospace, automotive, healthcare, and education
The company develops advanced 3D printers that facilitate the creation of prototypes and production parts, enabling businesses to enhance their design processes, reduce time to market, and drive innovation. Stratasys also provides software solutions that streamline the 3D printing workflow, along with a comprehensive portfolio of materials that enable users to produce functional, end-use parts with high accuracy and durability. Through its commitment to research and development, Stratasys is at the forefront of transforming how products are designed, manufactured, and brought to life.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at custom parts manufacturing stocks, starting with Proto Labs (NYSEPRLB).
Stratasys has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 13.7% to $9.44 per share while the index has gained 8.8%.
An Israeli company, Stratasys Ltd., saw shares climb after the company raised its earnings outlook for the year and unexpectedly turned an adjusted profit in the third quarter.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the custom parts manufacturing industry, including Desktop Metal (NYSEDM) and its peers.
Shares of 3D printing company Stratasys (NASDAQSSYS) jumped 21.3% in the morning session after the company reported impressive third-quarter results that blew past analysts' EPS and EBITDA outperformed Wall Street's estimates. Sales were roughly in line with expectations, enabling the company to meet revenue guidance for the full year. However, sales declined 13.6% year-on-year due to a drop in hardware sales, as customers reduced capital spending amid economic uncertainty. However, the guidance was more optimistic as management expects a slight sequential improvement in hardware sales, particularly in the dental and government sectors. Zooming out, we think this was a solid quarter.
3D printing company Stratasys (NASDAQSSYS) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 13.6% year on year to $140 million. The company’s outlook for the full year was close to analysts’ estimates with revenue guided to $575 million at the midpoint. Its non-GAAP profit of $0.01 per share was 129% above analysts’ consensus estimates.
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the custom parts manufacturing stocks, including 3D Systems (NYSEDDD) and its peers.
Let’s dig into the relative performance of Stratasys (NASDAQSSYS) and its peers as we unravel the now-completed Q2 custom parts manufacturing earnings season.
Stratasys, Ltd (NASDAQSSYS) reported Q2 2024 revenue of $138.04M, missing analyst estimates. Adjusted EPS loss of $(0.04) beat estimates. Plans to downsize workforce by 15% to save $40M annually.
Nano Dimension acquires Desktop Metal for $183 million, offering a 27.3% premium. Combined company expects $246M revenue in 2023 and $665M cash position.
