Proto Labs, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 09, 2024 at 06:07 am EST
Share
Proto Labs, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 124.79 million compared to USD 115.41 million a year ago. Revenue was USD 125.05 million compared to USD 115.61 million a year ago. Net income was USD 6.99 million compared to net loss of USD 115.07 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to basic loss per share from continuing operations of USD 4.24 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to diluted loss per share from continuing operations of USD 4.24 a year ago.
For the full year, sales was USD 502.99 million compared to USD 487.44 million a year ago. Revenue was USD 503.88 million compared to USD 488.4 million a year ago. Net income was USD 17.22 million compared to net loss of USD 103.46 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to basic loss per share from continuing operations of USD 3.77 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to diluted loss per share from continuing operations of USD 3.77 a year ago.
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. 
