Tag Archives: industrial

3D Systems Corporation

3D Systems Corporation Year-Over-Year Growth, but Sequential Results Raise Questions

3D Systems Corporation Year-Over-Year Growth, but Sequential Results Raise Questions

3D Systems reported headline first-quarter earnings results that were in line with expectations, with revenue of $148 million and adjusted EPS of $0.15. Strong year-over-year revenue growth was driven by 28% reported organic growth and 17% related to acquisitions. Printers and products increased 53% year-over-year, while materials revenue grew 41% and services revenue grew 39%.

Ritchie Bros. Auctioneers Inc.

Ritchie Bros. Auctioneers Inc. March Auction Results Decline Due to Auction Timing

Ritchie Bros. reported March gross auction proceeds (GAP) of $524 million, which was a decrease of 8% from $569 million a year ago. While the magnitude of the decrease was likely a little bigger than consensus forecasts, it was mostly expected given the company’s commentary at its analyst day that February results were inflated because

MSC Industrial Direct Co., Inc.

MSC Industrial Accelerating Sales Growth and Positive Tone Bode Well for Shares

Accelerating sales growth, an EPS beat, and positive management tone drove MSC Industrial shares up nearly 5%. EPS were $0.02 ahead of the Street, although the bar was low due to weather fears. The headline was accelerating organic sales growth in March to 10% and guidance for 7%-9% growth in the fiscal third quarter. Management said

MSC Industrial Direct Co., Inc.

MSC Industrial Direct EPS Miss Widely Expected

Based on weather-driven sluggishness throughout January and February, analysts expect fiscal second-quarter EPS below consensus of $0.86. The midpoint of management’s EPS guidance ($0.83-$0.87) assumed a return to October/November sales growth (5%) in January and February after a slowdown in December (3%). Considering peer results and our surveys, we now believe January organic growth was

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