Proto Labs Inc - PRLB STOCK NEWS

Proto Labs, Inc. (NYSE: PRLB) reported Q1 2021 financial results, achieving revenue of $116.1 million, up 10.4% from the prior quarter. The acquisition of 3D Hubs contributed $5.8 million in revenue. Net income was $3.7 million, or $0.13 per diluted share, while non-GAAP net income reached $11 million or $0.40 per share. The company served 22,605 unique product developers, a 24.5% increase over Q4 2020. With a healthy balance sheet of $93.1 million in cash and no debt, Proto Labs is positioned for future growth.

Protolabs (NYSE: PRLB) will release its First Quarter 2021 financial results before market open on May 6, 2021. A conference call to discuss these results is scheduled for 8:30 a.m. EDT the same day, with a live webcast available through the Protolabs investor relations website. Stakeholders can access the call by dialing the provided numbers, and an audio replay will be made available approximately two hours after the call concludes.

Proto Labs, Inc. (NYSE: PRLB) announced its Q4 and full-year financial results for 2020, reporting a revenue of $105.2 million in Q4, down 2.1% from Q3's $107.5 million. The full-year revenue was $434.4 million, down from $458.7 million in 2019. Net income for Q4 was $9.6 million ($0.36 per diluted share), and for the full year, it was $50.9 million ($1.89 per diluted share). EBITDA margins also declined to 19.1% in Q4 and 21.7% for the year. Despite challenges from the pandemic, the company aims to enhance its digital manufacturing capabilities and customer experience in 2021.

Protolabs (NYSE: PRLB) has unveiled a new digital quoting and design analysis platform for its U.S. customers, enhancing its digital manufacturing services. This platform, designed based on extensive customer feedback, features a modern interface and integrates services such as molding, machining, and 3D printing into a single quoting experience. Key enhancements include improved design for manufacturability (DFM) analysis, simplified CNC threading assignments, and itemized per-part pricing in 3D printing. The platform aims to accelerate product development cycles and improve user collaboration and transparency.

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.