3D SYSTEMS CORP (DDD): restructuring charge — 3D Systems restructures, targets $45-55M annual cost savings in 2024

3D SYSTEMS CORP

Expects ~$45-55M reduction in operating expenses for 2024, majority by end of Q1.
Anticipates $4-6M in cash charges, primarily for severance costs.
Additional charges may occur as restructuring actions are finalized.
Restructuring designed to improve operating efficiencies and long-term value creation.

item 2.05

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

3D SYSTEMS CORP announced a restructuring with charges of $4 to $6 million.

Type: restructuring
Charge: $4 to $6 million

Exact text from the filing

The Company expects to incur cash charges in the range of $4 to $6 million predominantly related to severance costs.

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6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

3D SYSTEMS CORP filing history →

Source: SEC EDGAR

accession 0001171843-23-007134

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