3D Systems reports historic year of innovation in 2024 results
April 1, 2025
3D Systems, Rock Hill, South Carolina, USA, has announced its financial results for the fourth quarter and full year ended December 31, 2024. Full-year revenue was reported at $440 million (above the lower end of the guidance range), down from $488 million in 2023. Revenue for Q4 decreased 3% year on year to $111.0 million.
“While 2024 was a challenging year for sales, reflecting weak customer capex spending on new manufacturing plant capacity through the first three quarters, we were pleased to see a healthy uptick in the sale of new industrial printer systems and global services in the fourth quarter,” said Dr Jeffrey Graves, president & CEO of 3D Systems. “In addition, with the largest installed base in the Additive Manufacturing industry, we were pleased to see a return to healthy consumable sales across most markets, reflecting higher utilisation rates for existing machines.”
Dr Graves continued, “While sales were weak across our industry for the last year, for 3D Systems, 2024 will be remembered as a historic year of innovation, one in which dozens of new products were launched in both our Healthcare and Industrial markets. This strength in new products was a direct reflection of the continuity in R&D investment that we maintained over this challenging period.
“Naming just a few key milestones, early in the year we announced the largest contract in the company’s history, securing our leadership in the dental market for the straightening of teeth, while simultaneously building critical momentum in the even larger adjacent market for teeth replacement, culminating in the announcement of our jetted denture solution which was granted clearance by the FDA in September. In our Industrial business, our collaboration with Daimler Truck demonstrated the exceptional savings potential for integrating digital rights management with on-demand localised print capabilities using Oqton work-flow management for critical spare parts, a market that is expected to reach $8 billion for trucks by 2027. With the broadest range of metal and polymer Additive Manufacturing technology in the entire industry, and our application-first mindset, we believe our organic growth prospects will be a key differentiator in the path ahead.”
The company has announced a new cost-reduction initiative which is expected to deliver over $50 million in incremental annualised savings related to actions taken throughout 2025 and HY1 2026. Normalising for divestiture, the company’s 2025 full-year forecast reflects a return to flat-to-modest top line organic growth. The target is to end 2025 at positive adjusted-EBITDA levels, continuing positively into 2026.
The full breakdown of the FY and Q4 financials are available here.
