3D Systems Corporation (NYSE:DDD) is looking to materials, medical applications and metals for its future growth, the company’s President and CEO Avi Reichental told Melissa Lee in a discussion on CNBC.

Asked whether 3D Systems Corporation (NYSE:DDD) will be able to keep up with the raised gross targets the company announced, Reichental appeared to be confident in his company’s ability to do so. He noted that they raised their revenue target while keeping EPS the same because of the company adding more shares after an equity raise. The company’s latest guidance is EPS of $0.73-$0.85 compared to $0.81 estimate, revenue of $695Mn – $735Mn compared to $707.6Mn estimate, and gross profit margins at 55%-60%. The margins expansion, Reichental noted, is despite the fact of the introduction of 24 new products which initially put pressure on margins.

3D Systems Corporation, Avi Reichental, Melissa Lee, Is 3D Systems Corporation A Good Stock To Buy

Lee then went on to discuss the capital raise 3D Systems Corporation (NYSE:DDD) recently did. She asked where Reichental where the company is looking to in terms of acquisitions as people are expecting the company to use their fresh capital to add more companies under their wings.

According to Reichental, the company is looking to materials, medical devices and metals. He said:

“We’ve been very inquisitive but in a very successful way. We’ve acquired well. We’ve parlayed it into a great deal of value. We’re targeting…primarily the area of materials because it’s very important to manufacturing of end-use parts, […] patient-specific medical devices and personalized guided surgery, and metals because [it’s] the most exciting part of the future in terms of manufacturing.”

The senior executive said that as a reference point, more than half of what 3D Systems Corporation (NYSE:DDD) sells today are in outright manufacturing applications.

Lee and Reichental also discussed in the video below the difficulties the company will be facing in light of Hewlett-Packard Company (NYSE:HPQ) entering the market.

Investors in 3D Systems Corporation (NYSE:DDD) includes Tiger Global Management Llc managed by Chase Coleman and Feroz Dewan which reported 1,286,800 shares in the company by the end of the first March quarter of the year. Another investor is D E Shaw which had 295,765 shares in the company by the end of March.

Disclosure: None

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