Proto Labs, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 06:09 am EDT
Share
Proto Labs, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 130.52 million compared to USD 121.47 million a year ago. Revenue was USD 130.71 million compared to USD 121.72 million a year ago. Net income was USD 7.95 million compared to USD 3.95 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.14 a year ago.
For the nine months, sales was USD 378.2 million compared to USD 372.03 million a year ago. Revenue was USD 378.83 million compared to USD 372.79 million a year ago. Net income was USD 10.23 million compared to USD 11.6 million a year ago. Basic earnings per share from continuing operations was USD 0.39 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.42 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. 
