PROTO LABS, INC. (PRLB)
Proto Labs, Inc. (PRLB) is a manufacturing company that specializes in on-demand, digital manufacturing services. It provides rapid prototyping and low-volume production of custom plastic and metal parts through its online platform, utilizing technologies such as 3D printing, CNC machining, and injection molding. Founded in 1999, the company focuses on serving engineers and product developers across various industries by enabling quick turnaround times and high precision production.
Company News
The polymer additive manufacturing market is expected to grow significantly from 2024 to 2031, driven by cost efficiency, customization, and sustainability benefits. Key growth opportunities include advancements in bioprinting, supply chain resilience, and industry partnerships. North America leads the market due to strong industrial adoption.
The global injection molding market is projected to reach $418.39 billion by 2031, driven by growing demand from the automotive and packaging industries. Metal injection molding is expected to see the highest growth rate during the forecast period.
Proto Labs beat earnings forecasts in Q3, with sales of $125.6 million and earnings of $0.47 per share, despite a decline in revenue and earnings compared to the prior year. The company's CEO cited 'continued dynamic challenges in the manufacturing sector' as the reason for the revenue decline. Proto Labs provided Q4 guidance, forecasting sales b...
Proto Labs (PRLB) delivered earnings and revenue surprises of 33.33% and 3.30%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?