Arcam AB Reports Strong 2014 Year-End Financials

IMTS

Share this Article

a1Not every company involved in additive manufacturing is disappointing the markets this week. Following a warning on Monday by 3D printing giant Stratasys, analysts and investors seem to have soured to stocks within this industry, with shares of Stratasys falling over 30% within a day, and other companies like 3D Systems watching their shares drop close to 10% following the news. Despite this recent negativity, one company seems to be bucking the trend.

This morning Sweden-based Arcam AB (ARCM.ST), a manufacturer of Electron Beam Melting (EBM) systems which are utilized for the additive manufacturing of high grade metal parts, announced their fourth quarter 2014 earnings. Unlike recent disappointments within the market, Arcam’s numbers were very solid, surprising the market to the up-side.

In 2014, total sales for the company increased a staggering 105% over the last year. Additionally, Arcam reported earnings of $0.37 per share, compared to 2013’s $0.12 per share. This increase of over 200% represents a major growth spurt for Arcam as the company sold 42 Electron Beam Manufacturing systems in 2014, compared to only 27 systems in 2013. Some other highlights of the a2reports are as follows:

  • Net income increased to $1.8 million for the quarter
  • Operating income increased to $1.6 million for the quarter
  • Fourth quarter order intake increased to 21 vs just 10 in Q4 of 2013

The outstanding report can be attributed to both organic growth and growth through various acquisitions. Last February the company acquired metal powder producer AP&C from Raymor Industries in Canada. This has propelled the materials side of Arcam’s business, enabling the company to realize residual revenue by manufacturing and selling metal powders to be used within their EBM systems.

“Titanium powder is an important part of our offering and with this acquisition we have secured access to the best technology for the production of high quality metal powder for our customers,” stated Magnus René, President & CEO of Arcam.

a4After reporting results for 2014, Arcam now looks forward to additional growth in 2015. The company has already sold 5 new EBM systems in January alone, and the materials side of the business continues to attract new customers as well.

“A stable order book, stable finances and a positive business situation lay a solid foundation for continued strong growth in 2015,” René explained.

It’s interesting to note that, unlike 3D Systems and Stratasys, which produce machines for both industrial and consumer use, Arcam concentrates only on industrial manufacturing. Perhaps the consumer side of the market is underperforming, leading to disappointing earnings reports by the aforementioned companies. Shares of Arcam AB are trading up over 6.5% today in the US market.

Let’s hear your thoughts on Arcam’s latest financials. Are you an investor in their stock? Discuss in the Arcam forum thread on 3DPB.com.

Share this Article


Recent News

“Bundled Light” Enables High Quality Plastic 3D Printing from LEAM

Stoke Space Deploys Solukon’s Automated Depowdering for 3D Printing Reusable Rockets



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

3D Printing Webinar and Event Roundup: March 24, 2024

We’ve got a very busy week of webinars and events, starting with Global Industrie Paris and a members-only roundtable for AM Coalition. Stratasys will continue its advanced in-person training and...

New EOS M 290 1kW Enables Copper 3D Printing for New Space, Automotive, and More

EOS has released a new EOS M 290 1kW metal powder bed fusion (PBF) system, designed specifically with copper in mind. Initially developed by its custom machine building subsidiary, AMCM,...

3D Printing Webinar and Event Roundup: March 3, 2024

In this week’s roundup, we have a lot of events taking place, including SPE’s ANTEC 2024, Futurebuild, the AAOP Annual Meeting, JEC World, and more. Stratasys continues its training courses,...

EOS Taps 1000 Kelvin for “First” AI Co-pilot for 3D Printing

Additive manufacturing (AM) startup 1000 Kelvin has joined forces with EOS to integrate AMAIZE, a pioneering artificial intelligence (AI) co-pilot for AM, into the EOS software suite. The solution aims...