Q2 2025 3D Systems Corp Earnings Call Transcript
Key Points
- 3D Systems Corp (DDD) reported an 8% sequential growth in continuing operations, excluding the impact of a software divestiture.
- The MedTech business grew 13% year-over-year and 16% sequentially, reaching over $80 million in annual revenue.
- The Aerospace and Defense segment nearly doubled its revenues from the previous year, contributing over $30 million annually.
- The company achieved significant cost improvements, reducing operating expenses by 27% year-over-year and 24% sequentially.
- 3D Systems Corp (DDD) completed a successful restructuring, targeting over $85 million in annualized savings by mid-2026.
- The company experienced a 16% year-over-year decline in revenue, primarily due to reduced customer CapEx spending.
- Tariff uncertainties have caused delays in customer capital investments, impacting revenue growth.
- The Dental segment faced a 19% decline in the aligner business, contributing to an overall 3% drop in the segment.
- The company had to curtail investment in Systemic Bio due to a long commercialization timeline, shelving the project for now.
- 3D Systems Corp (DDD) reported a non-GAAP loss per share of $0.07, although this was an improvement from the previous year.
Greetings, and welcome to the 3D Systems second-quarter 2025 earnings conference call and webcast. (Operator Instructions) As a reminder, this conference is being recorded.
It's now my pleasure to turn the call over to your host, Mick McCloskey, Treasurer and Investor Relations. Please go ahead, Mick.
Hello, and welcome to 3D Systems second quarter 2025 conference call. With me on today's call are Dr. Jeffrey Graves, President and CEO; and Jeff Creech, EVP and CFO. The webcast portion of this call contains a slide presentation that we will refer to during the call. Those following along on the phone who wish to access the slide portion of this presentation may do so on the Investor Relations section of our website.
The following discussion and responses to your questions reflect management's views as of today only and will include forward-looking statements as described on this slide. Actual results may differ materially. Additional information about factors
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