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Recent announcements regarding earnings and financial performance through the first quarter of 2020, have given some insight into the impact COVID-19 has had on major 3D Printing businesses worldwide.
Earnings Results Comparison (by Revenue, M-millions, B-billions).
While ensuring employee safety and business continuity remained paramount, public companies were simultaneously challenged by a sudden decline in consumer demand, a continuing halt or reduction in onsite activities, and global supply chain issues, which began in China shortly before impacting Europe and the Americas.
Revenues for Stratasys and 3D Systems declined by 14% and 11% respectively, whereas strong order backlogs from 2019 led to significantly higher revenues realized for SLM and ExOne. SLM had the best first quarter performance in the company’s history with a 143% increase compared to 2019.
ExOne’s latest system is the 160Pro metal binder jetting 3D printer. Image courtesy of ExOne.
3D Systems saw revenues decline across segments, except materials, which stayed flat. The company faced a drop in consumer demand in automotive, aerospace, healthcare and dental, as well as disruptions in production facilities and on-site services. Despite sustained cost reduction measures and improving operating expenses by 13%, its shares depreciated 5% with 0.04 loss per share for 2020, compared to 0.09 loss per share for 2019.
In addition …
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