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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 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.
Protolabs, a digital manufacturing leader, collaborated with NASA engineers to showcase the power of AI-driven design at the PowerSource Global Summit. NASA challenged attendees to provide inputs for generative design of a prototype apparatus for collecting gas samples on the moon as part of the Artemis moon exploration missions. The crowdsourced constraints defined desired traits of the sample collection container, ensuring it was machinable while meeting strict size requirements.
NASA's generative design software produced a CAD file, which Protolabs manufactured in their digital factory. The goal was to deliver the part within two days. Protolabs successfully completed the project, delivering the part in less than 36 hours. This demonstration highlighted the potential of generative design to reduce development time while meeting spaceflight constraints, with Protolabs serving as a key partner in bringing the part to life.
Protolabs (NYSE: PRLB) has announced it will release its financial results for the second quarter of 2024 on Friday, August 2, 2024, before the market opens.
The company will host a conference call on the same day at 8:30 a.m. EDT to discuss these results.
Interested parties can join the live webcast through a provided link or access the call by dialing 877-709-8150 (U.S.) or 201-689-8354 (international) at least 5 minutes before the start time.
An audio replay of the call will be available on the Protolabs website approximately two hours after the call concludes.
Protolabs has released its annual 3D Printing Trend Report, based on a survey of over 700 engineering professionals and key market data.
The report highlights significant growth in the additive manufacturing industry.
Key findings include a 10.5% faster-than-predicted market growth, with the market size reaching $28.1 billion in 2024 and $57.1 billion by 2028.
Seventy percent of businesses printed more parts in 2023 than in 2022, and 77% see the medical sector as having the most potential impact.
Production-run volumes are steadily increasing, and new materials are driving innovation.
AI technologies are also enhancing 3D printing capabilities.
Protolabs (NYSE: PRLB) announced its participation in two upcoming major conferences. On June 4, 2024, at 9 a.m. EDT, CEO Rob Bodor will present at the Manufacturing Leadership Council’s ‘Rethink: Accelerating Digital Transformation in Manufacturing’ Summit, discussing the company's Manufacturing 4.0 journey. On June 6, 2024, at 9 a.m. EDT, Bodor will present at William Blair's 44th Annual Growth Stock Conference, covering Protolabs’ operational and financial trends. Both presentations will be available via live webcast, with replays accessible on the company’s investor relations website for 90 days.
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