3D Systems (NYSE: DDD) today announced that Wayne Pensky, former chief financial officer of Hexcel Corporation (NYSE: HXL), has been appointed interim CFO, effective May 26. The company has initiated an executive search to identify a permanent replacement for Todd Booth, executive vice president and CFO, who has resigned from the company to pursue other opportunities.
ROCK HILL, S.C., April 08, 2020 (GLOBE NEWSWIRE) -- 3D Systems (DDD) announced today it plans to hold a conference call and simultaneous webcast to discuss its financial results for the first quarter of 2020 on Wednesday, May 6, 2020, at 4:30 p.m. Eastern Time. The company plans to release these financial results and file its Form 10-Q after the U.S. stock markets close on the same day. Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Several public companies in the Charlotte region, including Nucor and Lowe's, are looking at the possibility of doing their shareholder meetings online as a precaution during the pandemic.
3D Systems (DDD) delivered earnings and revenue surprises of 20.00% and -3.62%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Coronavirus-led global economic and business disruptions hurt 3D Systems' (DDD) first-quarter financial performance.
Northwell Health, New York's largest health-care provider, is 3D-printing swabs to help test for the novel coronavirus.
With so much going on in the world, it's difficult to step outside of our day-to-day concerns and think about the future.Cities, states, and whole countries are hunkering down to prevent the spread of the coronavirus to vulnerable populations. The toll on human life is tragic, while the economic impact has cut swift and deep.But in thinking about the future, I'm sure we'll come out of the crisis stronger, wiser, and better prepared for a market resurgence. Just like we've always done.InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm also sure that the hypergrowth investing trends we track have grown even more essential to our economy and our very way of life.If anything, this global health crisis will speed up the technological transformations I've been following for years. We simply can't afford not to. * 7 Strong Stocks to Buy to Survive the Coronavirus Crisis One of the hypergrowth sectors you should watch closely right now might surprise you. 3D Printing to the RescueA few years ago, 3D printing was hot. Using a computer to join material and create three-dimensional objects seemed transformative. The hype died down a bit, but this amazing technology is again proving its value in the coronavirus crisis.Cristian Fracassi, founder and CEO of the Italian 3D printing start-up Isinnova, learned about a hospital in his home country that was struggling to deal with the outbreak. It was running out of a key component it needed to keep people alive, and he jumped into action.Hospital staff desperately searched for more valves that connect respirators to oxygen masks. The problem was that the company that typically supplies them could not meet the surging demand.In stepped Isinnova. The company printed off prototypes of the valves and sent them to the hospital for testing. Once they got word the valves worked, Isinnova "printed" 100 valves. Fracassi delivered them personally.The American Hospital Association has said up to 960,000 people could need ventilators to treat severe cases of COVID-19. As you can imagine, having enough critical parts for these machines will be a big challenge.3D printers can help fill in gaps in the supply chain.Same with other crucial supplies healthcare workers need to treat their patients, like protective face masks. Officials from Massachusetts General Hospital in Boston are asking people with 3D printers to step in and make them for hospital staff.Medical residents at the hospital also set up a competition to develop a mechanical ventilator within 90 days. Their goal is to manufacture the ventilators and distribute them as fast as possible with FDA approval.Another company, Copper3D, created a 3D-printed mask similar to the N95 mask that's in short supply. It released the design to the public … for free online.Making parts for medical equipment needed to combat the coronavirus is just the start. The possibilities in healthcare are limitless.Today, companies are 3D printing organs for the long list of people awaiting transplants. Burn victims could turn to 3D printed skin in lieu of extremely painful skin grafts. This process, also known as bioprinting, can fabricate everything from cells to biochemicals and ultimately to tissues and organs through precise, layer-by-layer manufacturing.Cosmetics giant L'Oreal has been using 3D tech for more than 20 years and recently began bioprinting human skin that can be used to test products, reducing the use of animals in testing.This so-called additive manufacturing -- where the precise amount of material needed for the job is used, layer-by-layer, while leaving nothing left over in the process -- is particularly suited to disrupt industries manufacturing customizable low-volume, high-value parts.But there's so much more possibility.I fully expect we'll see more and more 3D printing companies coming out of the woodwork to meet growing demand as the outbreak "stress tests" supply chains at home and abroad.In fact, it's already starting to happen… A Resurging IndustryAfter hitting a peak in 2014, the industry fell off many people's radar. The dream of everyone making various gadgets on their own 3D printer at home never quite materialized.But 3D printing hasn't gone away. Far from it. And it's time investors revisit the trend because 3D printing is changing the future of manufacturing… and anything and everything industrial.For example, the 3D market in metals is barely a blip today. By 2030-2035, it could reach $10 billion -- from virtually zero today. These 3D printed metals can be used in everything from aerospace and defense to the automotive industry as a lower-cost, faster-produced alternative.McKinsey estimates that the overall 3D printing market could boom from $4 billion in 2015 to $490 billion in 2025. That's 122X growth in a decade. My goal is to find investment themes and stocks that are poised to reach hypergrowth levels. It is not too often that the upside multiple is 122X.Recently, Additive Manufacturing reported that companies sourcing manufacturing parts from China have been looking for alternatives since the tariff wars between it and the U.S. began in 2018. The coronavirus has only intensified the situation.For instance, a survey by Gardner Intelligence and Composites World found that almost 60% of composite materials industry professionals faced some impact on procuring parts and materials only 12 weeks after the first reports of the coronavirus appeared in China.Meanwhile, companies that rely on injection molds to manufacture various parts couldn't get those molds out of China or other parts of Asia.3D printing does not even require the tool needed to make injection molds, only the raw materials and the software. Plus, the manufacturing can be done onsite or near to where a part is needed, instead of having it sent across clogged shipping lanes.The bottom line is that 3D printing is on the cusp of major growth that will be driven by necessity, rising demand, and advances in 3D scanning and imaging in the $12 trillion global manufacturing sector.That's why I expect this industry will help get us back on our feet and looking forward to the future.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post The Hypergrowth Industry Thatas Helping Save the Day … And Looking Even Better Tomorrow appeared first on InvestorPlace.
Investors will soon find out how the coronavirus pandemic affected the 3D printing company's Q1 earnings.
Q1 2020 3D Systems Corp Earnings Call
As I opined in my 3D Systems (NYSE: DDD) earnings preview, "the 3D printing company had been having a challenging time trying to grow revenue before the COVID-19 pandemic, so it seems likely that its first quarter results aren't going to be pretty.
VJ Joshi became the CEO of 3D Systems Corporation (NYSE:DDD) in 2016. This analysis aims first to contrast CEO...
3D Systems' (NYSE:DDD) Board of Directors today named manufacturing CEO veteran Dr. Jeffrey A. Graves as the new President and CEO, effective May 26. Graves brings 17 years of CEO experience and a proven track record for leading, operating and growing technically complex businesses. He replaces Vyomesh Joshi (VJ), who announced his retirement in February.
Ten days ago, in a preview of coming attractions, investment banker Piper Sandler alerted investors to the risk that "challenging markets" in the "automotive, aerospace, elective healthcare, and dental verticals" would cause 3D Systems (NYSE: DDD) to report "weak" sales results in fiscal Q1 2020 (reported by TheFly.com). Ten days later, 3D Systems did just that. The company's Q1 sales number, which came out yesterday, was $134.7 million versus the $140.6 million that most other analysts were forecasting.
3D Systems (DDD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ROCK HILL, S.C., May 06, 2020 -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the first quarter ended March 31, 2020. For the first quarter of.
Investors need to pay close attention to 3D Systems (DDD) stock based on the movements in the options market lately.
3D Systems' (DDD) Q1 results are likely to reflect negative impact of the coronavirus-induced business and supply-chain disruptions.
With me on the call are Vyomesh Joshi, our President and Chief Executive Officer; Todd Booth, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer. This has proven to be extremely important in the current COVID-19 pandemic as healthcare environments have been lacking basic supplies due to the need for protective measures for both healthcare professionals and patients and backlogs from bottlenecks and shortages in worldwide supply.
3D Systems (DDD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]