Proto Labs Inc - PRLB STOCK NEWS

Protolabs (NYSE: PRLB) has appointed Dan Schumacher as its new Chief Financial Officer (CFO), effective immediately. Schumacher previously served as the interim CFO, overseeing investor relations for nearly five years. His extensive experience includes roles at Stratasys and Rockwell Automation. The leadership transition aims to position Protolabs for continued growth in the digital manufacturing sector, which encompasses services such as injection molding and 3D printing. The company emphasizes its commitment to innovation and speed in manufacturing.

Protolabs (NYSE: PRLB) will present at the William Blair 42nd Annual Growth Stock Conference on June 8 at 9:40 a.m. EDT in Chicago. The company’s President and CEO, Rob Bodor, along with Interim CFO, Dan Schumacher, will discuss recent business developments and financial results. Investors can access a live and archived presentation via this link. Protolabs is a leader in digital manufacturing services, providing solutions like injection molding and 3D printing to global product developers.

Proto Labs, Inc. (NYSE: PRLB) reported a revenue of $124.2 million for Q1 2022, marking a 6.9% increase compared to $116.1 million in Q1 2021. The company achieved a net income of $5.1 million or $0.19 per diluted share, with a non-GAAP EPS of $0.38. Revenue generated from the Hubs segment reached $10.3 million, showing a robust 78.6% year-over-year growth. Gross margin stood at 44.9%, while adjusted EBITDA was $22.3 million, representing 17.9% of revenue. Proto Labs remains confident in its strategic execution for sustainable growth.

Protolabs (NYSE: PRLB) is set to release its financial results for Q1 2022 before market opening on May 6, 2022. A conference call will follow at 8:30 a.m. EDT to discuss the outcomes, with a live webcast available on their investor relations page. Protolabs stands as a leading digital manufacturing service provider, offering various production capabilities including injection molding and 3D printing. Interested parties can access the call by dialing provided numbers or via the company's website for audio replay.

Proto Labs, Inc. (NYSE: PRLB) reported a 18% revenue increase in Q4 2021, reaching $123.6 million compared to $105.2 million in Q4 2020. The company achieved a record annual revenue of $488.1 million, a 12.4% rise from 2020. Q4 net income was $11.9 million or $0.43 per diluted share, while non-GAAP net income was $11.4 million or $0.41 per diluted share. However, gross margin declined to 45.6% from 50.1% in 2020. The company is optimistic about future growth following the acquisition of Hubs.

Protolabs (NYSE: PRLB) will announce its financial results for Q4 and the full year 2021 before market opening on February 11, 2022. A conference call to discuss the results is scheduled for 8:30 a.m. EST that same day, with a simultaneous webcast available on the company's investor relations page. Protolabs specializes in digital manufacturing services, offering rapid production solutions through methods like injection molding, CNC machining, and 3D printing.

Protolabs (NYSE: PRLB) announced a $50 million increase in its stock repurchase program, raising the total to $150 million. As of December 7, 2021, $87 million had already been repurchased, leaving $63 million available. The expiration date for the program is set for December 31, 2023. The company seeks to utilize the remaining funds based on market conditions, while maintaining its focus on organic investments, R&D, and potential strategic acquisitions.

Protolabs (NYSE: PRLB) has appointed Stacy Greiner to its Board of Directors, effective November 15. Greiner, previously the Chief Marketing Officer at Dun & Bradstreet, brings extensive experience in sales and marketing strategy. Her leadership roles at companies like Cisco and IBM will enhance Protolabs' focus on digital manufacturing growth. Chairman Archie Black noted that Greiner's appointment aligns with the company’s strategic initiatives, including launching a new e-commerce platform and acquiring Hubs.