3D Systems (TDSC) Earns 40 Cents Per Share on Record Fourth Quarter Revenue

ROCK HILL, S.C., Feb. 17, 2011 (GLOBE NEWSWIRE) — 3D Systems Corporation (Nasdaq:TDSC) announced today that it earned 40 cents per share, fully diluted, for the fourth quarter of 2010 on a 42% revenue increase and a 400 basis point gross profit margin expansion compared to the fourth quarter of 2009. The company’s quarterly and annual earnings per share benefitted by 5 cents per share from releasing a portion of its valuation allowance on deferred tax assets.

The company earned 83 cents per share, fully diluted, for the full year 2010 and generated $31.8 million of cash from operations. After using $20.8 million to fund strategic investing activities, the company ended 2010 with $37.3 million of available cash compared to $24.9 million at December 31, 2009.

“Our record fourth quarter and full year results validate our long term operating model,” said Abe Reichental, 3D Systems’ President and Chief Executive Officer.