3D Systems Corporation (DDD) CEO Jeff Graves presents at Needham Growth Conference (Transcript)

Company Overview - 3D Systems Corporation participated in the 27th Annual Needham Growth Conference, with CEO Jeff Graves and CFO Jeff Creech representing the company [1]. Industry Performance - The 3D printing industry faced a tumultuous period, with the last year being characterized as one of the worst six quarters experienced by the industry [4]. - There was a significant decline in capital expenditure (CapEx) spending by customers, particularly for capacity expansion, which adversely affected revenue [4]. - The industry and 3D Systems were in a cost-saving mode, indicating a challenging economic environment [4]. Company Strategy - Despite the challenges, the company maintained its research and development (R&D) spending to stay current and advance its technology offerings [4]. - The company emphasized the importance of maintaining a strong balance sheet to support ongoing R&D efforts through fluctuating market conditions [4].