Proto Labs Inc

NYSE:PRLBUnited States

Nov 1, 2024

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• DJ Proto Labs Shares Rise 17% on 4Q Guidance, from 8:10AM ET on Friday Nov 01, 2024 by Dow Jones

  8:10AM ET on Friday Nov 01, 2024 by Dow Jones
  Companies Mentioned: PRLB
  
  By Denny Jacob
  
  Proto Labs shares climbed 17% after its fourth-quarter outlook near the top of Wall Street's estimates.
  
  Shares are trading around $31.95. The stock is down 30% on the year so far.
  

• -- Earnings Flash (PRLB) PROTO LABS Posts Q3 Revenue $125.6M, from 6:01AM ET on Friday Nov 01, 2024 by MT Newswires

  6:01AM ET on Friday Nov 01, 2024 by MT Newswires
  Companies Mentioned: PRLB
  06:01 AM EDT, 11/01/2024 (MT Newswires) -- ...

• -- Earnings Flash (PRLB) PROTO LABS Reports Q3 EPS $0.47, from 6:01AM ET on Friday Nov 01, 2024 by MT Newswires

  6:01AM ET on Friday Nov 01, 2024 by MT Newswires
  Companies Mentioned: PRLB
  06:01 AM EDT, 11/01/2024 (MT Newswires) -- ...

• Protolabs Reports Financial Results for the Third Quarter of 2024, from 6:00AM ET on Friday Nov 01, 2024 by Dow Jones

  6:00AM ET on Friday Nov 01, 2024 by Dow Jones
  Companies Mentioned: PRLB
  United States $ 99,571 $ -- $ 99,571 $ 103,940 (4.2%) (4.2%) Europe 26,048 (474) 25,574 26,765 (2.7%) (4.4%) ------- ------- ------- --------- ----- ------ Total revenue $125,619 $ (474) $125,145 $ 130,705 (3.9%) (4.3%) ======= ======= ======= ========= Nine Months Ended Nine Months Ended September September 30, 2024 30, 2023 ----------------------------------- ---------- ----- ------ Foreign % % Change GAAP Currency(1) Non-GAAP GAAP Change(2) Organic(3) -------- --------------- -------- ---------- ----------- ------------ Revenues United States $299,593 $ -- $299,593 $ 298,007 0.5% 0.5% Europe 79,547 (1,357) 78,190 80,822 (1.6%) (3.3%) ------- ------- ------- --------- ----- ------ Total revenue $379,140 $ (1,357) $377,783 $ 378,829 0.1% (0.3%) ======= ======= ======= ========= 1 Revenue for the three and nine months ended September 30, 2024 has been recalculated using 2023 foreign currency exchange rates in effect during comparable periods to provide information useful in evaluating the underlying business trends excluding the impact of changes in foreign currency exchange rates. 2 This column presents the percentage change from GAAP revenue for the three and nine months ended September 30, 2023 to GAAP revenue for the three and nine months ended September 30, 2024. 3 This column presents the percentage change from GAAP revenue for the three and nine months ended September 30, 2023 to non-GAAP revenue for the three and nine months ended September 30, 2024 (as recalculated using the foreign currency exchange rates in effect during the three and nine months ended September 30, 2023) in order to provide a constant-currency comparison. Proto Labs, Inc. Comparison of GAAP to Non-GAAP Revenue Growth by Service Line (In thousands) (Unaudited) Three Months Ended Three Months Ended September September 30, 2024 30, 2023 ----------------------------------- ---------- ------ ------ Foreign % % Change GAAP Currency(1) Non-GAAP GAAP Change(2) Organic(3) -------- --------------- -------- ---------- ----------- ------------ Revenues Injection Molding $ 46,831 $ (198) $ 46,633 $ 51,688 (9.4)% (9.8)% CNC Machining 53,327 (160) 53,167 52,916 0.8 0.5 3D Printing 21,437 (108) 21,329 21,622 (0.9) (1.4) Sheet Metal 3,743 (4) 3,739 4,291 (12.8) (12.9) Other Revenue 281 (4) 277 188 49.5 47.3 ------- ------- ------- --------- ------ --- ------ ---- Total Revenue $125,619 $ (474) $125,145 $ 130,705 (3.9%) (4.3%) ======= ======= ======= ========= Nine Months Ended Nine Months Ended September September 30, 2024 30, 2023 ----------------------------------- ---------- ------ ------ Foreign % % Change GAAP Currency(1) Non-GAAP GAAP Change(2) Organic(3) -------- --------------- -------- ---------- ----------- ------------ Revenues Injection Molding $148,574 $ (666) $147,908 $ 152,455 (2.5)% (3.0)% CNC Machining 154,498 (378) 154,120 149,317 3.5 3.2 3D Printing 64,300 (315) 63,985 63,952 0.5 0.1 Sheet Metal 11,218 9 11,227 12,478 (10.1) (10.0) Other Revenue 550 (7) 543 627 (12.3) (13.4) ------- ------- ------- --------- ------ ------ --- Total Revenue $379,140 $ (1,357) $377,783 $ 378,829 0.1% (0.3%) ======= ======= ======= ========= 1 Revenue for the three and nine months ended September 30, 2024 has been recalculated using 2023 foreign currency exchange rates in effect during comparable periods to provide information useful in evaluating the underlying business trends excluding the impact of changes in foreign currency exchange rates. 2 This column presents the percentage change from GAAP revenue for the three and nine months ended September 30, 2023 to GAAP revenue for the three and nine months ended September 30, 2024. 3 This column presents the percentage change from GAAP revenue for the three and nine months ended September 30, 2023 to non-GAAP revenue for the three and nine months ended September 30, 2024 (as recalculated using the foreign currency exchange rates in effect during the three and nine months ended September 30, 2023) in order to provide a constant-currency comparison. Proto Labs, Inc. Customer Contact Information (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, ----------------------- ---------------------- 2024 2023 2024 2023 ------------ --------- ------------ -------- Customer contacts 22,511 23,080 43,671 45,668 Revenue per customer contact $ 5,580 $ 5,663 $ 8,682 $ 8,295 Proto Labs, Inc. Reconciliation of GAAP to Non-GAAP Guidance (In thousands, except per share and per share amounts) (Unaudited) Q4 2024 Outlook ------------------- Low High ---------- ------- GAAP diluted net income per share $ 0.10 $ 0.18 Add back: Stock-based compensation expense 0.15 0.15 Amortization expense 0.03 0.03 Unrealized (gain) loss on foreign currency 0.00 0.00 ------ ------ Total adjustments 0.18 0.18 ------ ------ Non-GAAP diluted net income per share $ 0.28 $ 0.36 ====== ======