DDD earnings call for the period ending September 30, 2024.
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3d Systems (DDD -13.34%)
Q3 2024 Earnings Call
Nov 27, 2024, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Greetings and welcome to the 3D Systems third-quarter 2024 earnings conference call and webcast. At this time, all participants are in a listen-only mode. [Operator instructions] As a reminder, this conference is being recorded. It’s now my pleasure to turn the call over to Mick McCloskey, vice president, investor relations.
Please go ahead, Mick.
Mike McCloskey — Vice President, Investor Relations
Hello, and welcome to 3D Systems’ third-quarter 2024 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 that could potentially impact our financial results is included in our latest press release and our recent filings with the SEC, including our most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q.
During this call, we will discuss certain non-GAAP measures. In our press release and slides accompanying this webcast, you will find additional disclosures regarding these non-GAAP measures, including reconciliations with comparable GAAP measures. Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2023. With that, I’ll turn the call over to our CEO, Jeff Graves, for opening remarks.
Jeff Graves — President and Chief Executive Officer
Thank you, Mick, and good morning, everyone. Today, I’ll begin with an overview of our third-quarter results and then touch on some recent key accomplishments and announcements. I’ll then ask our CFO, Jeff Creech, to take us through the Q3 in greater detail before closing the call with comments on our outlook, after which we’re happy to take questions. So, let’s start on Slide 5.
At a high level, our third-quarter revenue largely represents a continuation of the trends that we and the additive industry broadly have been contending with for several quarters now. Very simply, macroeconomic and geopolitical uncertainties have caused our customers to reduce capex spending for new capacity in their factories, which in turn has created a persistent headwind to hardware system sales. It’s really that simple. As a consequence, our revenues were essentially flat on a sequential basis.
