3D Systems Completes Buy of Software Firm

3D imageThe largest of the 3D printing companies measured by market cap, 3D Systems Inc. (NYSE: DDD), said this morning that it has completed its $55 million acquisition of Geomagic, a software company that builds the tools that are used to create and design 3D content. 3D Systems said it expects Geomagic to contribute about $17 million to its 2013 revenues, which would lift the company's revenue guidance for the year to a new range of $457 million to $502 million.

3D printing has grabbed a lot of attention recently, and equipment makers 3D Systems, Stratasys Ltd. (NASDAQ: SSYS) and ExOne Co. (NASDAQ: XONE), as well as service provider Proto Labs Inc. (NYSE: PRLB), all trade at forward multiples of around 25 or more. (ExOne just came public and has no earnings so far.)

The consensus estimate for 3D Systems' 2013 revenues had been $453 million, so today's announcement from the company should boost that to around $470 million. It would be surprising if the estimate failed to get a bigger boost than that, given the investor spotlight on 3D printing.

Shares of 3D Systems are up 1.2% in early trading this morning, at $35.53 in a 52-week range of $13.93 to $47.99. The 52-week high was set in late January, and the pullback from that high began in earnest following the ExOne initial public offering.

Filed under: 24/7 Wall St. Wire, Industrials, Software Tagged: DDD, featured, PRLB, SSYS, XONE
Read Full Story


NASDAQ 7,344.24 -137.74 -1.84%
S&P 500 2,712.92 -39.09 -1.42%
DJIA 24,610.91 -335.60 -1.35%
NIKKEI 225 21,268.93 -211.97 -0.99%
HANG SENG 31,261.68 -252.08 -0.80%
DAX 12,217.02 -172.56 -1.39%
USD (per EUR) 1.23 0.00 0.07%
USD (per CHF) 0.95 0.00 0.02%
JPY (per USD) 106.22 0.22 0.21%
GBP (per USD) 1.40 0.00 0.09%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.