3D SYSTEMS REPORTS STRONG GROWTH IN '96.Byline: Daily News Staff and Wire Services 3D Systems Corp. reported Thursday second-quarter income that showed a growth of 27 percent over last year's second-quarter revenue. The publicly held company's net income for the quarter ending June 30 was $801,068 or 7 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , on revenue of $18.6 million. Second-quarter net income last year was $1.4 million, or 14 cents per share, on revenue of $14.7 million. In 1995, the Valencia-based company's net income benefited from a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. income tax rate due to tax-loss carry-forwards. The second-quarter effective tax rate increased from 7 percent last year to 37 percent in 1996. For the first six months of 1996, the company reported $37.7 million in sales, compared to $28.3 million for the same period last year, a growth of 33 percent. Net income for the first half this year was $1.9 million, or 16 cents per share, compared to $2.7 million, or 28 cents per share, for last year's first half. Last year, net income benefited from a low tax rate of 6 percent, due to tax loss carry-forwards, compared to 40 percent this year. The company reported that orders for its SLA (1) (StereoLithography Apparatus) See 3D printing. (2) (Service Level Agreement) A contract between the provider and the user that specifies the level of service expected during its term. rapid prototyping Building a part one layer at a time using a method of additive fabrication such as 3D printing. Such parts are used for concept modeling to determine if the product design meets the customer's expectations. systems were up 55 percent in the second quarter over a year ago and the backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of SLA systems more than doubled from 1995 second-quarter levels. 3D Systems develops, manufactures and markets solid-imaging systems. In manufacturing, 3D's products ``print'' solid objects from computer images, substantially reducing the time and costs of bringing new products to market. Major applications include rapid prototyping and tooling for products in a variety of manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation worldwide, including automotive, aerospace, medical, computer, electronic and consumer products. |
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