Why Is 3D Printing Company Stratasys Stock Surging Today?
Why Is 3D Printing Company Stratasys Stock Surging Today?
Yoav Zeif, Stratasys' Chief Executive Officer, said, "Our focus is on generating significantly higher profit and cash flow by driving revenue, aligning costs and reinvesting in growth initiatives. In addition, we intend to return value to shareholders through a share repurchase program that reflects the Board's confidence in our strategy and ability to deliver long-term profitable growth."Stratasys, Ltd. (NASDAQ:SSYS) shares are trading higher premarket Monday after the company approved a $50 million share repurchase program.
Stratasys，Ltd.（納斯達克：SSYS）股價在週一盤前交易中走高，該公司批准了一個5000萬美元的回購計劃。
The repurchase program is part of Stratasys' strategy to enhance shareholder value and follows its restructuring plan, which aims to save $40 million annually starting in the first quarter of 2025.
回購計劃是Stratasys增強股東價值策略的一部分，該策略是在2025年一季度開始實施的重組計劃之後。該重組計劃旨在每年節省4000萬美元。
The plan included a 15% workforce reduction by year-end and a focus on high-growth products and solutions, along with achieving annualized EBITDA margins of 8%.
該計劃包括在年底前裁員15％，並專注於高增長產品和解決方案，同時實現8％的年化EBITDA利潤率。
Yoav Zeif, Stratasys' Chief Executive Officer, said, "Our focus is on generating significantly higher profit and cash flow by driving revenue, aligning costs and reinvesting in growth initiatives. In addition, we intend to return value to shareholders through a share repurchase program that reflects the Board's confidence in our strategy and ability to deliver long-term profitable growth."
Stratasys首席執行官Yoav Zeif表示：「我們的重點是通過提高營業收入，調整成本和重投資於增長舉措來實現顯著的利潤和現金流量增長。此外，我們打算通過回購計劃向股東返還價值，以體現董事會對我們的戰略和能力長期盈利增長的信心。」
Last month, the company reported fiscal second-quarter 2024 revenue of $138.04 million, missing the analyst consensus estimate of $146.34 million. Adjusted EPS loss of 0.04 cents beat the analyst consensus estimate of 5 cent loss.
上個月，該公司公佈了2024財年第二季度13804萬美元的營業收入，低於分析師的預期14634萬美元。每股調整後的虧損爲0.04美元，超出分析師預期的5美分虧損。
Stratasys held cash and equivalents of $150.86 million at the end of the second quarter of 2024.
2024年第二季度末，Stratasys持有15086萬美元的現金和等值物。
Investors can gain exposure to the stock via Pacer BlueStar Engineering the Future ETF (NASDAQ:BULD).
投資者可以通過Pacer BlueStar Engineering the Future ETF（納斯達克：BULD）獲得該股票的曝光度。
Price Action: SSYS shares are up 4.68% at $7.38 premarket at the last check Monday.
股票價格走勢：截至上週一的最後一次檢查，SSYS股票盤前上漲4.68％，至7.38美元。
- Stratasys Analysts Cut Their Forecasts After Q2 Results
- Stratasys分析師在Q2業績發佈後調降了他們的預測
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譯文內容由第三人軟體翻譯。