3D Systems(DDD)

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3D Systems Corporation's (DDD) CEO Jeffrey Graves Presents at the 23rd Annual Needham Virtual Growth Conference (Transcript)
2021-01-13 18:42
Summary of 3D Systems Corporation Conference Call Company Overview - **Company**: 3D Systems Corporation (NYSE: DDD) - **Industry**: Additive Manufacturing Key Points and Arguments 1. **Company Background**: 3D Systems is a pioneer in additive manufacturing, having expanded from prototyping to industrial applications across various materials including plastics and metals [5][6][10] 2. **Cultural Shift**: The current workforce is more familiar with additive manufacturing, leading to its acceptance as a standard manufacturing method alongside traditional methods like machining and casting [6][10] 3. **Leadership Changes**: New CEO Jeffrey Graves and CFO Jagtar Narula joined the company to refocus on additive manufacturing and improve growth and margin performance [7][9] 4. **Restructuring Efforts**: The company initiated a restructuring plan aiming to reduce costs by $60 million, which has reportedly been met or exceeded [12][13] 5. **Divestitures**: The company divested non-core software businesses (GibbsCAM and Cimatron) to focus on additive manufacturing, using the cash to pay off debt and strengthen the balance sheet [13][28][36] 6. **Market Growth**: The additive manufacturing industry is projected to grow at a compounded annual growth rate of 24%, with expectations of double-digit organic growth for well-managed companies [15][16] 7. **Healthcare and Industrial Focus**: The company has organized its operations into healthcare and industrial business units, emphasizing targeted applications that benefit from additive manufacturing [11][16][18] 8. **Application Examples**: Successful applications include custom dental aligners, orthopedic implants, and emergency production capabilities for hospitals, particularly highlighted during the COVID-19 pandemic [14][21][24][23] 9. **Financial Recovery**: The company reported a rebound in Q3 and Q4, with healthcare showing significant growth as elective surgeries resumed, and industrial recovering from COVID impacts [27][29] 10. **R&D Investment**: Continued investment in R&D for printers, software, and materials is crucial for future growth, with a particular focus on materials as a key enabler for applications [30][39] Additional Important Content 1. **Barriers to Entry**: The company targets markets with high barriers to entry, such as healthcare and aerospace, where regulatory standards and quality requirements limit competition [45][47] 2. **Market Position**: 3D Systems is positioned as a full solution provider with a large installed base, allowing for ongoing service and support, which is a competitive advantage [19][20] 3. **Future Opportunities**: The company is open to potential acquisitions in niche markets related to materials and hardware that align with its additive manufacturing focus [38][39] 4. **Dental Market**: The dental segment represents 30% to 40% of the healthcare business, with significant growth potential in mass customization applications [50][52] This summary encapsulates the key insights from the conference call, highlighting the strategic direction, market opportunities, and financial performance of 3D Systems Corporation.
3D Systems(DDD) - 2020 Q3 - Earnings Call Transcript
2020-11-06 20:18
3D Systems Corporation (NYSE:DDD) Q3 2020 Results Conference Call November 6, 2020 10:00 AM ET Company Participants Melanie Solomon - Investor Relations Dr. Jeffrey Graves - President and Chief Executive Officer Jagtar Narula - Chief Financial Officer Andrew Johnson - Executive Vice President and Chief Legal Officer Conference Call Participants Greg Palm - Craig-Hallum Ananda Baruah - Loop Capital Markets Sarkis Sherbetchyan - B. Riley FBR Brian Drab - William Blair Jim Ricchiuti - Needham & Company Paul Co ...
3D Systems(DDD) - 2020 Q3 - Quarterly Report
2020-11-05 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ 1 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________to____________ Commission File No. 001-34220 __________________________ 3D SYSTEMS CORPORATION (Exact name of Registrant as specifie ...
3D Systems(DDD) - 2020 Q2 - Earnings Call Transcript
2020-08-06 05:58
3D Systems Corporation (NYSE:DDD) Q2 2020 Earnings Conference Call August 5, 2020 4:30 PM ET Company Participants Jessica Stanfill – Investor Relations Jeffrey Graves – President and Chief Executive Officer Wayne Pensky – Interim Chief Financial Officer Conference Call Participants Danny Eggerichs – Craig-Hallum Capital Group Sarkis Sherbetchyan – B. Riley Financial Paul Coster – JP Morgan Brian Drab – William Blair Operator Greetings and welcome to the 3D Systems’ Q2 2020 Conference Call and Webcast. At ...
3D Systems(DDD) - 2020 Q2 - Quarterly Report
2020-08-05 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________to____________ Commission File No. 001-34220 __________________________ 3D SYSTEMS CORPORATION (Exact name of Registrant as specified in it ...
3D Systems(DDD) - 2020 Q1 - Earnings Call Transcript
2020-05-07 02:38
3D Systems Corporation (NYSE:DDD) Q1 2020 Earnings Conference Call May 6, 2020 4:30 PM ET Company Participants Melanie Solomon - Head of Investor Relations Vyomesh Joshi - President and Chief Executive Officer Todd Booth - Chief Financial Officer Conference Call Participants Greg Palm - Craig-Hallum Capital Group LLC Christopher Van Horn - B. Riley FBR, Inc. James Ricchiuti - Needham & Company Ananda Baruah - Loop Capital Markets LLC Brian Drab - William Blair & Company Wamsi Mohan - Bank of America Merrill ...