Welcome to our dedicated page for Proto Labs news (Ticker: PRLB), a resource for investors and traders seeking the latest updates and insights on Proto Labs stock.
Proto Labs Inc (PRLB) delivers on-demand manufacturing solutions through advanced technologies like injection molding and 3D printing. This news hub provides investors and industry professionals with essential updates about the company's operational developments and strategic direction.
Access timely updates including earnings reports, manufacturing innovations, and partnership announcements. Our curated collection features press releases about new service capabilities, sustainability initiatives, and market expansion efforts within the rapid prototyping sector.
Key content categories include quarterly financial results, technology patent filings, production facility expansions, and leadership updates. Bookmark this page for streamlined access to Proto Labs' latest advancements in digital manufacturing and custom part production.
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
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.
Protolabs has been recognized by the World Economic Forum as one of only ten U.S. companies inducted into the Global Lighthouse Network for its leadership in implementing Fourth Industrial Revolution technologies at its Plymouth, Minnesota facility. This induction highlights Protolabs' shift from a prototype provider to a full production provider, enabling production lead times as quick as one day. The company's advancements include automated design processes and digital controls, enhancing sustainability and efficiency in manufacturing.
Protolabs (NYSE: PRLB), a leader in digital manufacturing services, will present at the William Blair’s Annual “What's Next for Industrials?" Conference on September 24, 2021, at 11 a.m. EDT. CEO Rob Bodor and CFO John Way will engage in a virtual fireside chat. Interested individuals can contact their William Blair representative to access the live presentation, and a replay will be available on Protolabs' investor relations website after the event. Protolabs specializes in injection molding, CNC machining, 3D printing, and sheet metal fabrication.
Protolabs has appointed Alex Cappy as the new Vice President and CEO of Hubs, effective October 1. Previously, Cappy served as Chief Operations Officer at Hubs, ensuring efficient order fulfillment and overseeing a manufacturing partner network. Her predecessor, Bram de Zwart, will now lead innovation at Hubs. With Cappy at the helm, Protolabs aims to strengthen its position in the digital manufacturing sector, leveraging Hubs’ capabilities and its vast manufacturing network.
Proto Labs, Inc. (NYSE: PRLB) announced its second quarter 2021 results, showing revenue of $123.0 million, a 15.5% increase from $106.6 million in Q2 2020. The company's net income reached $12.9 million or $0.47 per diluted share. Hubs generated $8.9 million in revenue, a 45.6% growth year-over-year. The gross margin was 46.0%, with an EBITDA margin of 21.3%. Cash balance stood at $89.0 million, with no debt. Management expressed confidence in continued growth in the custom parts market.
