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PROTO LABS, INC. (symbol: PRLB) is a leading on-demand manufacturer specializing in rapid prototyping and low-volume production. Headquartered in Maple Plain, Minnesota, Proto Labs provides product designers and engineers with fast-turn manufacturing services that include injection molding, CNC machining, and 3-D printing. These services enable the creation of custom parts within days, significantly reducing the time to market for various industries.
Proto Labs offers three distinct manufacturing processes aimed at delivering precision and efficiency. Their injection molding service leverages advanced technology to produce parts with complex geometries and high-detail resolution. CNC machining is employed to create durable parts from a variety of metals and plastics, while their state-of-the-art 3-D printing capabilities allow for the creation of highly detailed prototypes and patterns.
The company's broad range of high-performance materials is suitable for concept models, functional testing, and end-use applications. Proto Labs also acts as a bridge manufacturer, helping clients during production disruptions, and supports limited-quantity and end-of-life production requests.
Financially, Proto Labs derives the majority of its revenue from the United States, serving a diverse client base across multiple sectors including aerospace, medical devices, automotive, and consumer products. Recent achievements include being recognized as one of Minnesota's top workplaces for four consecutive years, underscoring its commitment to a dynamic and innovative work environment.
For those interested in joining this fast-paced, technologically advanced company, Proto Labs regularly updates its career opportunities on its career page.
Protolabs (NYSE: PRLB) reported its Q4 and full-year 2024 financial results. Full-year revenue reached $500.9 million, showing a slight decrease of 0.6% from 2023. The company's Protolabs Network revenue grew significantly by 21.6% to $100.4 million.
Key financial metrics include net income of $16.6 million ($0.66 per diluted share), non-GAAP net income of $41.2 million ($1.63 per diluted share), and improved gross margin of 44.6%. Cash flow from operations increased to $77.8 million from $73.3 million in 2023.
The company announced a new $100 million stock repurchase program and provided Q1 2025 guidance projecting revenue between $120-128 million with expected diluted EPS of $0.08-$0.16.
Protolabs (NYSE: PRLB) has announced it will release its fourth quarter and full year 2024 financial results before market opening on Friday, February 7, 2025. The company will host a conference call to discuss these results at 8:30 a.m. EST on the same day.
Investors can access the live call by dialing 877-709-8150 (U.S.) or 201-689-8354 (international) at least 5 minutes before the start time. A simultaneous webcast will be available through the company's investor relations website, where an audio replay will also be posted approximately two hours after the call ends.
Protolabs (NYSE: PRLB), the world's leading digital manufacturing services provider, has announced its participation in the 27th Annual Needham Growth Conference scheduled for January 15, 2025. The company's management team will be conducting one-on-one meetings with investors during the event.
Chief Financial Officer Dan Schumacher will participate in a fireside chat at 12:45 p.m. EST on January 15. The session will be accessible via live webcast, with a replay available afterwards on the company's investor relations website section.
Protolabs (NYSE: PRLB) has expanded its capabilities to include full-service production, extending beyond its traditional prototyping services. This expansion enables improved volume pricing, enhanced quality control, and focused industry certifications while maintaining quick-turn prototyping capabilities.
The company has evolved its customer experience to offer direct connection with production experts for complete program management. Services now include assistance with quoting, file uploads, complex bill of materials (BoM) management, and strategic sourcing. Operations specialists provide logistics fulfillment support, while applications engineers help optimize CAD models and reduce costs.
The company has reorganized its business structure to create a more streamlined prototyping-to-production experience. High-volume manufacturing with lower piece-part pricing is now available across services, alongside high-requirement molding with verification processes for medical device industry, and advanced polymers and metals in 3D printing for aerospace sector innovation.
Protolabs reported Q3 2024 financial results with revenue of $125.6 million, marking a 3.9% decrease from Q3 2023. The company posted net income of $7.2 million ($0.29 per diluted share) and non-GAAP net income of $11.8 million ($0.47 per diluted share). Protolabs Network generated $25.3 million in revenue, showing an 11.6% increase year-over-year. The company served 22,511 customer contacts with revenue per customer of $5,580. For Q4 2024, Protolabs expects revenue between $115-123 million and diluted EPS between $0.10-0.18.
Protolabs (NYSE: PRLB) has announced that it will release its third quarter 2024 financial results before the market opens on Friday, November 1, 2024. The company will host a conference call to discuss these results at 8:30 a.m. EDT on the same day.
Investors can access the live call by dialing 877-709-8150 within the U.S. or 201-689-8354 from outside the country, at least 5 minutes before the start time. A simultaneous webcast will be available via a provided link and on the investor relations section of Protolabs' website. An audio replay of the call will be accessible on the company's investor relations webpage approximately two hours after the conference call concludes.
Harley-Davidson® Factory Racing has partnered with digital manufacturing leader Protolabs to enhance their performance in the King of the Baggers motorcycle racing series. This collaboration has enabled the team to rapidly iterate and improve their Harley-Davidson Road Glide® motorcycles, resulting in faster, more agile bikes capable of setting course records.
Protolabs' quick-turn manufacturing capabilities allow Harley-Davidson to implement new part designs within days, often just in time for each race. The partnership utilizes various manufacturing processes, including injection molding, machining, sheet metal fabrication, and 3D printing. This iterative approach has led to significant year-over-year improvements in race times and podium finishes for riders Kyle Wyman and James Rispoli.
A new video series highlights this successful partnership, showcasing how Harley-Davidson's engineering expertise combined with Protolabs' digital manufacturing capabilities is driving innovation in the King of the Baggers series.
Protolabs, a digital manufacturing leader, has expanded its 3D printing capabilities with the launch of Axtra3D Hybrid PhotoSynthesis (HPS) technology. This advanced photopolymer process offers highly repeatable and finely detailed 3D printed parts at accelerated speeds, using both a precision laser and digital light processing (DLP) system. HPS complements Protolabs' existing Carbon DLS printers, providing stronger mechanical properties and exceptionally high resolution.
The new technology supports Protolabs' strategy to serve more customer needs and expand into production use cases. Applications include production-grade parts, high-accuracy testing components, and cosmetic prototypes. Two materials are currently available: Tough Black (Loctite Henkel 3843) and Ceramic-filled (BASF 3280), expanding Protolabs' advanced photopolymer library.
Protolabs (NYSE: PRLB), the world's leading digital manufacturing services provider, is set to attend the 2024 Annual Gateway Conference in San Francisco. The event will take place on September 4-5 at the Four Seasons Hotel. Protolabs' management team will be available for one-on-one investor meetings on Wednesday, September 4th.
This conference presents an opportunity for investors to engage directly with Protolabs' leadership, potentially gaining insights into the company's strategies and performance. Interested parties can request an invitation or schedule a meeting by emailing conference@gateway-grp.com.
Protolabs (NYSE: PRLB) reported financial results for Q2 2024, showing revenue of $125.6 million, a 2.8% increase year-over-year. The company's Network business grew 22% to $24.7 million. GAAP earnings per share were $0.18, while non-GAAP EPS reached $0.38. Protolabs served 22,456 customer contacts, with revenue per customer increasing 7% to $5,595. Gross margin improved to 45.0%, up from 43.4% in Q2 2023.
For Q3 2024, Protolabs expects revenue between $117-125 million and GAAP EPS of $0.10-0.18. The company maintains a strong financial position with $112.9 million in cash and investments. Despite challenging macroeconomic conditions, Protolabs continues to focus on customer adoption and efficiency improvements.
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