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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) 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.
Protolabs (NYSE: PRLB) will release its Second Quarter 2021 financial results before market opening on July 29, 2021. An earnings call will follow at 8:30 a.m. EDT, accessible via dial-in or webcast. The company is a leader in digital manufacturing, offering rapid prototyping and on-demand production through 3D printing, CNC machining, sheet metal fabrication, and injection molding. Protolabs aims to accelerate time to market while reducing costs, enhancing supply chain agility from production to delivery.
Protolabs (NYSE: PRLB) announced its participation in the William Blair 41st Annual Growth Stock Conference on June 1 at 11 a.m. ET. Robert Bodor, President and CEO, and John Way, CFO, will discuss the company’s business developments and financial results. This virtual event will include a live webcast, accessible via this link. A replay will be available on Protolabs' website for 30 days post-conference.
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