ExOne reports record second quarter revenues

August 9, 2019

August 9, 2019

The ExOne Company, North Huntington, Pennsylvania, USA, has reported record financial results for its second quarter 2019, as well as record-setting trailing twelve month (TTM) revenue.

Consolidated revenue for the second quarter 2019 was reported to be $15.3 million, up 41% compared to the same quarter in 2018 and representing a record level for a second quarter. The company’s gross profit for Q2 2019 was reported at $5.1 million, also said to be a record result for any second quarter in ExOne’s history, and representing a gross margin of 33.7%, compared to a margin of 14.6% in Q2 2018. 

“We are pleased with the significant progress we are making – from a technological, commercial and financial standpoint. We reached a milestone for ExOne this quarter, reporting record-setting second quarter revenue and gross profit levels, in spite of recent unfavourable macroeconomic factors,” stated John Hartner, ExOne’s Chief Executive Officer.

The second quarter 2019 was said to have benefited from improved operating leverage on higher volume, as well as a reduction in fixed costs resulting from the 2018 global cost realignment programme. The company’s Additive Manufacturing machines product line achieved the best results in Q2 2019, reporting $9.3 million revenue, up 187% from $3.2 million in Q2 2018. The company’s additively manufactured products, materials and services offering performed slightly less well, reporting Q2 2019 results of $6 million, down 21% from Q2 2018. 

The company also reported that it had achieved a record-setting revenue of $66.7 million in the trailing twelve months to the end of Q2 2019, a significant improvement on the 2017–2018 result of $58.8 million. 

Regarding its new X1 25PRO metal AM machine, Hartner added, “As we previously announced, Kennametal and Sandvik have agreed to beta test our new X1 25PRO™, our larger format, fine powder, high-resolution production machine that we displayed at the RAPID + TCT trade show in Detroit in May. This new platform is capable of printing standard industry powders utilised in MIM (Metal Injection Moulding) and other PM (Powder Metallurgy) processes. We secured our first order for a production machine that we expect to ship in the second half of this year.”


August 9, 2019

In the latest issue of Metal AM magazine

Download PDF

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Kennametal: The story of the successful commercialisation of AM hardmetal and steel solutions
  • General Atomics Aeronautical on metal Additive Manufacturing’s place at the centre of the digital manufacturing revolution
  • Adrian Keppler on Additive Manufacturing: An insider’s assessment from the outside
  • Metal AM’s journey to industrialisation: Are we there yet? And what does the destination even look like?
  • A stronger future, layer by layer: How next-generation software will drive adoption of metal AM
  • Volkmann: Making the case for the complete automation of powder handling in AM
  • Metal AM on an industrial scale: GKN Additive draws on decades of sintering expertise to commercialise Binder Jetting
  • International Conference on Electron Beam Additive Manufacturing: Highlights from EBAM 2023

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap