- The company expects Q4 revenue to come in at $183M vs. $160M expected. The charge related to the shift away from consumer products will be about $27M.
- After annual goodwill and intangibles testing, the company anticipates booking a noncash charge of $510M-$570M.
- At year-end, NYSE:DDD had $156M in the bank and no draws under its $150M revolver.
- Interim CEO Andy Johnson: "Industry conditions remain challenging and demand may be uneven in the coming periods."
- Full Q4 results are due on Feb. 29.
- Source: Press Release
- Shares +10.9% premarket to $8.95.