3D Systems Repurchases Part of Senior Notes Debt
December 8, 2023
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3D ($NYSE:DDD) Systems Corporation is a leading provider of 3D printing solutions and 3D content-to-print solutions. The debt was purchased through a combination of cash and proceeds from a previously secured delayed-draw term loan facility. The repurchase of the senior notes debt was completed through a privately negotiated transaction with certain institutional investors. This move will reduce the company’s financial leverage ratio, as well as their overall debt load.
The repurchase was part of a series of strategic actions that 3D Systems has taken to drive long-term value for shareholders. The company has also recently invested in technological advancements to expand their product offerings and further develop their 3D printing capabilities. 3D Systems currently trades on the New York Stock Exchange under the ticker symbol DDD.
Share Price
On Thursday, 3D SYSTEMS made the announcement that it will be repurchasing part of its Senior Notes debt, prompting a 7.0% surge in its stock price. At the opening bell, its stock was priced at $5.7 and closed at $5.9, a significant increase from the previous closing price of 5.5. This news was met with optimism by investors and analysts alike, who have been bullish on the company in recent months.
The repurchasing of the senior notes debt provides further evidence that 3D SYSTEMS is well-positioned to capitalize on the growing demand for 3D printing technology and services. With a strong financial footing, 3D SYSTEMS looks to be on track for sustained growth in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 3d Systems. More…
| Total Revenues | Net Income | Net Margin |
| 505.95 | -95.43 | -15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 3d Systems. More…
| Operations | Investing | Financing |
| -89.47 | 196.45 | -6.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 3d Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.39k | 691.29 | 5.24 |
Key Ratios Snapshot
Some of the financial key ratios for 3d Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.5% | -9.0% | -18.4% |
| FCF Margin | ROE | ROA |
| -22.6% | -8.2% | -4.2% |
Analysis
At GoodWhale, we have conducted a detailed analysis of 3D SYSTEMS‘s fundamentals and concluded that it is classified as an ‘elephant’ company – a type of company with a rich asset base after deducting liabilities. 3D SYSTEMS possesses strong characteristics in terms of medium asset strength, profitability and weak dividend growth. Its intermediate health score of 4/10 with regards to its cashflows and debt indicates that the company is likely to be able to sustain future operations in times of crisis. Given its strong asset base, 3D SYSTEMS may be attractive to many types of investors. Those seeking long-term investments may look to capitalise on the potential growth of the company, while those who value stability may appreciate its low risk profile. Similarly, investors looking for a steady stream of income may find the company’s dividends attractive. Ultimately, 3D SYSTEMS’s wide range of features make it a compelling investment option for many types of investors. More…
Peers
The company operates through two segments: 3D Printing and Additive Manufacturing. It serves customers in a range of industries, including healthcare, aerospace and defense, automotive, and consumer products. The company was founded in 1986 and is headquartered in Rock Hill, South Carolina. MGI Digital Graphic Technology SA is a French company that develops, manufactures, and markets digital printing systems. The company was founded in 1982 and is headquartered in Bordeaux, France. Fathom Digital Manufacturing Corp is a 3D printing and digital manufacturing company. The company was founded in 2013 and is headquartered in Oakland, California. HiTi Digital Inc is a Taiwanese company that designs, manufactures, and markets digital color printers and photo kiosks. The company was founded in 1991 and is headquartered in Taipei, Taiwan.
– MGI Digital Graphic Technology SA ($OTCPK:FRIIF)
MGI Digital Graphic Technology SA is a provider of digital printing and finishing solutions. The company operates through three segments: Digital Printing, Post-Press, and Software & Solutions. It offers a range of digital presses, cutters, and finishing equipment. The company also provides software solutions for the graphic arts industry. MGI Digital Graphic Technology SA was founded in 1930 and is headquartered in Rousset, France.
– Fathom Digital Manufacturing Corp ($NYSE:FATH)
Fathom is a digital manufacturing company that helps businesses make products faster and more efficiently. The company has a market cap of 152.14 million and a return on equity of 6.04%. Fathom’s technology enables businesses to streamline their manufacturing processes and reduce production costs. The company’s products are used by a variety of industries, including automotive, aerospace, consumer goods, and healthcare.
– HiTi Digital Inc ($TWSE:3494)
HTC is a Taiwanese consumer electronics company headquartered in Xindian District, New Taipei City, Taiwan. Founded in 1997, HTC began as an original design manufacturer and original equipment manufacturer, designing and manufacturing laptop computers. In 1998, HTC started selling its own branded devices, starting with the Pocket PC. The company has a market cap of 1.08B as of 2022 and a Return on Equity of -23.92%. HTC designs and manufactures smartphones and tablets. The company’s product portfolio includes the HTC One and Desire lines of smartphones, the HTC One X+ and HTC One mini tablets, and the HTC Butterfly smartphone.
Summary
3D Systems is a leading provider of 3D printing solutions, and the company recently made a partial repurchase of certain senior notes. This repurchase caused the stock price to increase on the same day, indicating investor confidence in the company’s prospects. Analysts have credited the company’s strong focus on expanding its 3D printing product portfolio as one factor that has helped drive higher revenue growth.
3D Systems also offers a range of solutions and services for both commercial and consumer use, including 3D printers, printers for dental professionals, software, and materials. With its strong focus on developing new technology and increasing its customer reach, 3D Systems is well-positioned to continue to generate strong investor returns in the future.
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