PROTO LABS, INC. - PRLB STOCK NEWS

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.

Protolabs (NYSE: PRLB) announced the resignation of Chief Financial Officer John Way, effective November 30, 2021, to pursue another opportunity. Dan Schumacher, who has been with the company for four years and has led investor relations and FP&A, will assume the role of Interim CFO starting December 1, 2021. Protolabs' President and CEO, Rob Bodor, praised Way's contributions, highlighting the strong financial organization he built during his seven-year tenure. The transition aims to maintain stability as Schumacher collaborates with both Way and Bodor in the coming month.

Proto Labs reported record revenue of $125.3 million for Q3 2021, marking a 16.6% increase year-over-year. The company achieved a net income of $4.8 million, or $0.17 per diluted share, while non-GAAP net income reached $9.7 million, or $0.35 per diluted share. The gross margin stood at 44.1%, with a cash balance of $83.9 million. Despite challenges from global supply chain issues, Proto Labs continues to invest in long-term growth opportunities and was recognized by the World Economic Forum as part of the Global Lighthouse Network.

Protolabs, a global leader in digital manufacturing, has signed an agreement to expand its operations in Raleigh, N.C.. The new facility will span 120,000 sq. ft. and is set to meet the rising demand for 3D printing services. This expansion reflects Protolabs' strong growth in additive manufacturing applications for prototyping and production. Groundbreaking is scheduled for later this month, with expected occupancy by late 2022. The company collaborates with Capital Associates for this development.

Protolabs (NYSE: PRLB) is set to announce its financial results for Q3 2021 on October 28, 2021, before market opening. A conference call will follow at 8:30 a.m. EDT to discuss the results, accessible via phone and webcast. Protolabs is recognized as a leader in digital manufacturing, offering services like injection molding, CNC machining, and 3D printing. Their efficient production capabilities enable rapid product development for customers worldwide.