3D Systems Corporation (NYSE:DDD) announced Thursday that it will hold an investor and analyst meeting on Tuesday June 10. The event will kick off at the New York Marriott Marquis in New York at 9:00 a.m. EDT. During the meeting 3D Systems’ management will review the company’s recent developments, operating initiatives and strategic highlights. The company will also update attendees on its market and product development plans. That will be followed by a question and answer session.
3D Systems to showcase its 3D content-to-print solutions after the event
The two-hour long presentation will be led by 3D Systems Corporation (NYSE:DDD) CEO Avi Reichental. After the presentation, the Rock Hill-based company will showcase its 3D content-to-print solutions at the Atlantic Design & Manufacturing show at the Jacob K. Javits Convention Center in New York.On May 12, 3D Systems signed a deal with ScanSource, Inc. (NASDAQ:SCSC) to sell its products.
3D Systems Corporation (NYSE:DDD) has made numerous acquisitions in the past few months. But investors have grown concerned about the company’s ability to integrate all these acquisitions to build a coherent platform without affecting operating margins. 3D Systems’ gross margins in the first quarter plunged 130 basis points to 51.1%. The company forecasts full year revenues of $680-$720 million and adjusted earnings of 73-85 cents a share.
3D Systems founder nominated for the European Inventor Award
In another development, 3D Systems Corporation (NYSE:DDD) founder and chief technology officer Chuck Hull has been nominated for the European Inventor Award 2014 by the European Patent Office (EPO). Hull holds 14 Japanese, 18 European and 76 U.S. patents. He has been nominated for the award for his groundbreaking invention of Stereolithography SLA(R), the original 3D printing technology. He is also the co-creator of the SLA file format, which can be used to print everything from automotive parts to professional music devices.
3D Systems Corporation (NYSE:DDD) shares declined 2.68% to $47.98 at 10:55 AM EDT on Thursday. The stock is down 47.82% this year so far.