PROTO LABS, INC. - PRLB STOCK NEWS

Protolabs (NYSE: PRLB) will release its financial results for Q4 and FY 2020 before the market opens on February 12, 2021. Following the announcement, a conference call is scheduled for 8:30 a.m. EST to discuss the results, with a simultaneous webcast available on their investor relations website. Investors can access the call via telephone or listen to a replay afterward. Protolabs specializes in digital manufacturing services, offering rapid production of custom components through technologies like 3D printing and CNC machining.

Proto Labs has successfully acquired 3D Hubs for a total consideration of $280 million, comprised of $130 million in cash and $150 million in stock, with potential additional payments of up to $50 million based on performance. This acquisition enhances Proto Labs' capabilities by integrating a network of approximately 240 manufacturing partners, providing customers with a wider range of manufacturing options. While the acquisition is expected to boost growth, it may slightly dilute non-GAAP earnings per share in 2021. 3D Hubs generated approximately $25 million in revenue in 2020.

Proto Labs, Inc. (NYSE: PRLB) has signed a definitive agreement to acquire 3D Hubs, Inc. for a total of $280 million. This acquisition aims to enhance Proto Labs' digital manufacturing capabilities by integrating a global network of 240 premium manufacturing partners.

3D Hubs, which specializes in on-demand manufacturing, reported an estimated 2020 revenue of $25 million, with a 200% CAGR since 2017. The deal will be partially funded by cash and common stock, with contingent consideration based on performance. The acquisition is expected to close by the end of January and to accelerate Proto Labs' revenue growth.

Protolabs (NYSE: PRLB) will present at the 23rd Annual Needham Virtual Growth Conference on January 13, 2021, at 2:00 PM Eastern Time. CEO Victoria Holt and VP Robert Bodor will participate in a live webcast to discuss the company's recent business developments. Protolabs is a leader in digital manufacturing, offering custom components in as little as one day through various technologies like 3D printing, CNC machining, and injection molding. For further details, visit protolabs.com.

Proto Labs (NYSE: PRLB) has announced the appointment of Robert Bodor as the new President and CEO, effective March 1, 2021, succeeding Vicki Holt, who is retiring after seven years of leadership. Bodor has extensive experience, having played a significant role in doubling the revenue of the Americas' business and expanding into 3D printing and sheet metal fabrication. The board expresses confidence in Bodor's strategic vision and leadership abilities to continue the company's growth trajectory, which saw a 165% revenue increase and over $1.8 billion in market capitalization during Holt's tenure.

Protolabs (NYSE: PRLB) has launched a new digital quoting platform aimed at enhancing e-commerce for its customers. Initially rolled out in Europe, the platform focuses on streamlining the quoting and ordering process, providing greater efficiency for product development and procurement teams. It features an interactive design for manufacturability (DFM) analysis, improved project management tools, and better order transparency. The initiative responds to growing market demands for speed and agility in manufacturing, especially amid ongoing supply chain challenges.

Proto Labs, Inc. (NYSE: PRLB) faced technical difficulties with its conferencing services provider, leading to the cancellation of its scheduled conference call on October 29, 2020, for the disclosure of third quarter 2020 financial results and guidance. However, a recording of prepared remarks by CEO Vicki Holt and CFO John Way, along with the transcript, is accessible through the investor relations section of the Protolabs website. Protolabs is recognized as a leader in digital manufacturing services, specializing in rapid component production.

Proto Labs, Inc. (NYSE: PRLB) reported an 8.5% decline in revenue to $107.5 million for Q3 2020 compared to Q3 2019. However, there was a sequential increase of 0.9% over Q2 2020. GAAP net income was $14.7 million ($0.55 per diluted share) while non-GAAP net income stood at $17.9 million ($0.67 per diluted share). Gross margin improved to 50.8%, up from 49.2%, and operating expenses decreased to $37 million. The company plans to launch its new Protolabs 2.0 platform in Europe this November and in the U.S. in Q1 2021.

Protolabs (NYSE: PRLB) will release its third quarter 2020 financial results prior to market opening on October 29, 2020. An earnings call will take place at 8:30 a.m. EDT on the same day, accessible via phone or through a webcast on the company’s investor relations website. Protolabs specializes in rapid prototyping and on-demand production, leveraging technologies like 3D printing and CNC machining to deliver custom parts in as little as one day, thereby minimizing time and costs for product development.