Proto Labs, Inc. Provides Earnings Guidance for the First Quarter and for Full Year 2024
February 09, 2024 at 06:07 am EST
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Proto Labs, Inc. provided earnings guidance for the first quarter and for full Year 2024. For the quarter, the company expects diluted net income per share between $0.09 and $0.17.
For the period, the company expects to generate revenue between $120 million and $128 million. This guidance reflects a softer start to 2024, due to December 2023 and early January 2024 order levels being lower than historical periods. However, recent performance has been more in line with historical trends, and guidance assumes that will continue through the end of March.
Proto Labs, Inc. is a provider of comprehensive digital manufacturing service. The Company utilizes injection molding, computer numerical control (CNC) machining, three-dimensional (3D) printing and sheet metal fabrication to manufacture custom parts for its customers. The Company targets its products to product developers and engineers who use 3D computer-aided design (CAD) software to design products across a diverse range of end-markets, to the procurement and supply chain professionals seeking to source custom parts on-demand, and to various customers seeking to purchase low-volume custom parts. The Company, through Protolabs Network by Hubs (Protolabs Network), provides its customers access to a global network of manufacturing partners. Its customers engage with the Company throughout the lifecycle of their product, from early-stage prototyping through end-use production to end-of-life replacement and other parts needs. It has operations in the United States and Europe.
PROTO LABS, INC. 
