Proto Labs, Inc. (PRLB) is a leading digital manufacturer specializing in custom prototypes and on-demand production parts. The company leverages advanced manufacturing technologies, including injection molding, CNC machining, 3D printing, and sheet metal fabrication, to produce high-quality plastic, metal, and liquid silicone rubber parts. PRLB serves a diverse customer base of product developers, engineers, and supply chain professionals, offering fast and efficient solutions for bringing new ideas to market.
- Injection Molding - Manufactures custom plastic, metal, and liquid silicone rubber parts using advanced injection molding processes to deliver high-quality prototypes and production parts.
- CNC Machining - Produces precision-machined parts from a variety of materials, offering rapid turnaround for both prototypes and low-volume production.
- 3D Printing - Provides additive manufacturing services for creating complex and detailed parts using a range of 3D printing technologies and materials.
- Sheet Metal - Fabricates custom sheet metal parts for prototypes and low-volume production, supporting a variety of applications and industries.
- Other Revenue - Includes additional services and offerings that complement the core manufacturing processes.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Daniel Schumacher Executive | Chief Financial Officer | None | Daniel Schumacher joined PRLB in April 2017. He became CFO in June 2022 after serving as VP of Investor Relations and FP&A and Interim CFO. He plays a key role in financial planning and investor communication. | |
Michael R. Kenison Executive | Vice President/General Manager - Americas | None | Michael R. Kenison has been with PRLB since 2013, serving as VP of Manufacturing - Americas before becoming VP/GM - Americas in June 2021. | |
Oleg Ryaboy Executive | Chief Technology Officer | None | Oleg Ryaboy became CTO in September 2022. He previously held leadership roles at Digital River, driving innovation and positive change at PRLB. | |
Robert Bodor Executive | President and Chief Executive Officer | None | Robert Bodor joined PRLB in December 2012 and became CEO in March 2021. He has held various roles, including CTO and VP/GM - Americas, contributing significantly to the company's strategy and growth. | View Report → |
Archie C. Black Board | Director | Executive Chair at SPS Commerce, Inc., Board Member at Graco, Inc. | Archie C. Black has been a director since March 2016. He has extensive management and operational experience, having transformed a tech startup into a global business. | |
Donald G. Krantz Board | Director | Associate at Digi Labs, Advisory Board Member at Activated Research Company | Donald G. Krantz has been a director since 2017. He previously served as EVP and Technology Officer at PRLB, contributing to the company's operations and technology leadership. | |
Moonhie Chin Board | Director | Board Member at FARO Technologies, Inc. | Moonhie Chin has been a director since 2019. She has expertise in business model transformation and digital platforms, with a focus on strategic planning and corporate governance. | |
Rainer Gawlick Board | Chairman of the Board | Progress Software Corporation, ChyronHego, Sectigo, Cloudsense, Oktopost, PhotoShelter | Rainer Gawlick has been a director since 2008 and became Chairman in May 2023. He has extensive experience in sales, marketing, and product management in the tech industry. | |
Stacy Greiner Board | Director | Chief Operating Officer at DailyPay | Stacy Greiner has been a director since 2021. She has over two decades of experience in technology and analytics, focusing on business transformation and customer engagement. | |
Sujeet Chand Board | Director | Board Member at Flowserve Corporation, Veeco Instruments, Inc. | Sujeet Chand has been a director since 2017. He has deep technical expertise from his career at Rockwell Automation and serves on multiple boards. | |
Sven A. Wehrwein Board | Director | Board Member at SPS Commerce, Inc., AtriCure, Inc. | Sven A. Wehrwein has been a director since June 2011. He has over 40 years of experience in accounting and finance, serving as Chair of the Audit Committee. |
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Given the deceleration in Network growth to 11% year-over-year in Q3 2024 from over 80% in Q3 2023, how do you plan to re-accelerate growth in the Network business, especially considering the ongoing contraction in manufacturing?
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With the closure of your prototype Injection Molding facility in Germany and discontinuation of DMLS services in Europe, how will these actions impact your European revenue and customer relationships, and what specific measures are you taking to mitigate potential revenue loss?
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Your gross margins have improved partly due to favorable market conditions with excess capacity in manufacturing; how sustainable are these margin improvements if market conditions tighten, and what strategic initiatives are in place to maintain margins in a more competitive environment?
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Despite efforts to increase revenue per customer, third quarter revenue per customer contact declined 1% year-over-year due to a decline in Injection Molding revenue; what are the underlying causes of this decline, and how do you plan to reverse it to drive growth?
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With the continued headwinds in your Sheet Metal service, which declined 13% year-over-year and has not grown for several quarters, what strategic decisions are you considering for this segment, and is there potential to integrate it into the Network model similar to actions taken with other services?
Research analysts who have asked questions during Proto Labs earnings calls.
Brian Drab
William Blair & Company
4 questions for PRLB
Greg Palm
Craig-Hallum Capital Group LLC
4 questions for PRLB
Troy Jensen
Cantor Fitzgerald
4 questions for PRLB
James Ricchiuti
Needham & Company, LLC
3 questions for PRLB
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Hubs | 2021 |
Recent press releases and 8-K filings for PRLB.
- Proto Labs reported third-quarter 2025 revenue of $135.4 million, a 7.8% increase, with net income of $7.22 million, or $0.30 per share, consistent with the prior year.
- Despite beating Wall Street estimates and providing solid fourth-quarter guidance, the company's shares dropped 11.33% to $47.02 due to investor concerns over long-term growth prospects, sluggish historical sales growth, and poor returns on invested capital.
- Revenue growth was driven by higher average order values in the U.S. and strong performance in CNC Machining (up 18.2%), while 3D Printing revenue declined by 6.3%.
- For the nine months ended September 30, 2025, Proto Labs reported revenue of approximately $396.63 million and net income of $15.24 million, which was slightly down compared to the prior year.
- Proto Labs reported record quarterly revenues of $135.4 million in Q3 2025, an increase of 7.8% year-over-year, and exceeded earnings expectations with non-GAAP EPS of $0.47.
- The company's non-GAAP gross margin improved to 45.9%, up 110 basis points sequentially, driven by improvements in both factory and network margins.
- Strong demand for CNC machining services led revenue growth, with CNC machining revenue increasing 18.2% year-over-year globally and 24% in the U.S..
- Proto Labs generated $29.1 million in cash from operations and returned $12.8 million to shareholders through repurchases in Q3 2025, ending the quarter with $138.4 million in cash and investments and zero debt.
- For Q4 2025, the company expects revenue between $125 million and $133 million and non-GAAP earnings per share between $0.30 and $0.38.
- Proto Labs reported record quarterly revenue of $135.4 million for Q3 2025, marking a 7.8% year-over-year increase, alongside non-GAAP earnings per share of $0.47.
- The company's non-GAAP gross margin improved sequentially by 110 basis points to 45.9% in Q3 2025, with both factory and network margins contributing to the gain.
- Revenue growth was notably strong in U.S. CNC machining, which increased 18.2% year-over-year, and sheet metal offerings, driven by demand in sectors like aerospace and defense, and industrial and commercial machinery.
- For Q4 2025, Proto Labs anticipates revenue between $125 million and $133 million and non-GAAP earnings per share between $0.30 and $0.38.
- Strategic developments include expanding CNC machining capacity, launching advanced CNC machining capabilities, and the appointment of Mark Kermish as Chief Technology and AI Officer to enhance AI and automation.
- Protolabs reported Q3 2025 revenue of $135.4 million, a 6.8% year-over-year increase in constant currencies, with Non-GAAP EPS of $0.47, which was flat year-over-year.
- For Q4 2025, the company projects revenue between $125 million and $133 million and Non-GAAP EPS between $0.30 and $0.38.
- The company's Q3 2025 operating cash flow was $29.1 million, and it maintained a strong liquidity position with $138.4 million in cash and investments and no debt.
- Protolabs expanded its factory CNC Machining capabilities and secured Amazon's Prime Air drone team as a client for quick-turn CNC machining and 3D printing services.
- Proto Labs reported record quarterly revenues of $135.4 million in Q3 2025, an increase of 7.8% year-over-year, and exceeded earnings expectations with non-GAAP EPS of $0.47.
- The company achieved a consolidated non-GAAP gross margin of 45.9%, representing a 110 basis point sequential improvement, driven by increased factory and network margins.
- Strong demand for CNC machining services led to an 18.2% year-over-year revenue growth in this segment, particularly in the U.S. (up 24%), and was supported by key end markets such as aerospace and defense, and industrial and commercial machinery.
- Proto Labs generated $29.1 million in cash from operations and returned $12.8 million to shareholders through repurchases, ending the quarter with $138.4 million in cash and investments and zero debt.
- For Q4 2025, the company expects revenue between $125 million and $133 million and non-GAAP earnings per share between $0.30 and $0.38.
- Proto Labs, Inc. reported record quarterly revenue of $135.4 million for the third quarter of 2025, an increase of 7.8% year-over-year.
- For Q3 2025, the company's GAAP earnings per diluted share were $0.30, while Non-GAAP earnings per diluted share reached $0.47.
- The company generated $21.1 million in Adjusted EBITDA, representing 15.6% of revenue, and $29.1 million in cash from operations during Q3 2025.
- Proto Labs provided a Q4 2025 outlook, expecting revenue between $125.0 million and $133.0 million and non-GAAP diluted net income per share between $0.30 and $0.38.
- Protolabs achieved record quarterly revenue of $135.4 million for the third quarter ended September 30, 2025, marking a 7.8% increase year-over-year.
- For Q3 2025, the company reported GAAP earnings per share of $0.30 and non-GAAP earnings per share of $0.47.
- Protolabs served 21,252 customer contacts during the quarter, with revenue per customer contact increasing 14.1% year-over-year to $6,370.
- The company generated $29.1 million in cash from operations and held a cash and investments balance of $138.4 million as of September 30, 2025.
- For the fourth quarter of 2025, Protolabs expects revenue to be between $125.0 million and $133.0 million, with diluted net income per share between $0.12 and $0.20 and non-GAAP diluted net income per share between $0.30 and $0.38.
- Protolabs reported Q2 2025 revenue of $135.1 million, an increase of 6.5% year-over-year, and Non-GAAP diluted earnings per share of $0.41, up $0.03 year-over-year.
- The company provided a Q3 2025 outlook, projecting revenue between $130 million and $138 million and Non-GAAP diluted EPS between $0.35 and $0.43.
- Operational highlights include a nearly 45% year-over-year increase in customer contacts using the combined offer in the last twelve months, and an 11% year-over-year growth in revenue per customer contact in Q2 2025.
- Protolabs maintained a strong financial position, ending Q2 2025 with $123.2 million in cash and investments and no debt.
- Suresh Krishna has been appointed as President and CEO, effective immediately, succeeding Rob Bodor who will continue in a consulting role during the transition.
- The Board reaffirms its Q2 2025 revenue guidance of $124.0M to $132.0M, underlining confidence in the company’s strategy.
- Krishna brings a 30-year track record in profitable, growth-oriented leadership at leading manufacturing companies, positioning Proto Labs for continued success.
- Revenue reached approximately $126 million (a 1.3% YoY decline)
- Reported earnings include GAAP EPS of $0.15 with $3.6 million net income and non-GAAP EPS of $0.33; free cash flow was 14% of revenue
- Guidance for Q2 2025 anticipates revenue between $124 million and $132 million with EPS guidance between $0.11 and $0.19
- The company executed a share repurchase of $20.9 million
- A strategic shift towards expanding production offerings, growth in production areas, enhanced customer engagement, and effective management of tariff risks was emphasized