3D Systems Corporation (NYSE:DDD) Q2 2020 Earnings Conference Call - Final Transcript

Aug 05, 2020 • 04:30 pm ET


3D Systems Corporation (NYSE:DDD) Q2 2020 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the 3D Systems Q2 2020 Conference Call and Webcast. [Operator Instructions]

I will now turn the conference over to our host, Jessica Stansell of Investor Relations. Thank you. You may begin.

Jessica Stansell

Good afternoon, and welcome to 3D Systems conference call. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Wayne Pensky, Interim Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer. Please note that given the current situation with COVID 19, we are not all at the same location. The webcast portion of this call contains a slide presentation that we will refer to during the call. Those following along on the phone who wish to access the slide portion of this presentation may do so on the Investor Relations section of our website. For those who have access to the streaming portion of the webcast, please be aware that there may be a few seconds delay and that you will not be able to post questions via the web. The following discussion and responses to your questions reflect management's views as of today only and will include forward-looking statements as described on this slide.

Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and our filings with the SEC, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q. During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our Investor Relations website, you will find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures with comparable GAAP measures. Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2019.

Now I am pleased to turn the call over to Jeff Graves, our CEO. Jeff?

Jeffrey A. Graves

Thanks, Jessica, and good afternoon, everyone. I hope that all who have joined us today on our call are staying safe and healthy through these unprecedented times. Let me start by reminding everyone that our top priority is the well-being of our employees and their families, our communities and our customers. We've incorporated measures to safeguard all of these groups to the best of our ability in response to the COVID-19 pandemic, with clear protocols being implemented across the company. I'm very proud of the stamina and team work shown by our employees in helping one another, while meeting our customer commitments to the maximum extent possible over this difficult period. While there have been many challenges, we've maintained all of our key operations worldwide and expect to do so moving forward.

Over the last two months since joining 3D Systems as CEO, I've talked extensively with our employees, our customers and our business partners as well as several of our analysts and long-term shareholders. In short, through these discussions, you've reaffirmed for me why I joined three