Core Insights - Proto Labs (PRLB) reported quarterly earnings of $0.38 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, but down from $0.46 per share a year ago, representing an earnings surprise of 11.76% [1] - The company achieved revenues of $121.75 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.64%, although this is a decrease from $125.05 million year-over-year [2] - Proto Labs has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $125.35 million, and for the current fiscal year, it is $1.45 on revenues of $509.58 million [7] - The estimate revisions trend for Proto Labs is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Rubber - Plastics industry, to which Proto Labs belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Revenue Performance - 2024 revenue was $501 million, a 0.6% decrease compared to $503.9 million in 2023[4] - Fourth quarter 2024 revenue was $121.8 million, a 2.6% decrease from $125.0 million in the fourth quarter of 2023[4] - Revenue fulfilled through the Protolabs Network increased by 21.6% to $100.4 million in 2024 compared to 2023[4] - Total revenue for the three months ended December 31, 2024, was $121.75 million, a decrease of 1.0% from $125.05 million in the same period of 2023[26] - For the twelve months ended December 31, 2024, total revenue was $500,890, a decline of 0.6% from $503,877 in 2023[38] - The CNC Machining service line saw a revenue increase of 4.4% for the twelve months ended December 31, 2024, while Injection Molding revenue decreased by 4.8%[40] - The revenue from the 3D Printing service line decreased by 0.6% for the twelve months ended December 31, 2024, compared to the previous year[40] Earnings and Profitability - Non-GAAP earnings per share for 2024 was $1.63, compared to $1.59 in 2023[4] - Gross margin for 2024 was 44.6%, up from 44.1% in 2023[4] - Non-GAAP net income for the twelve months ended December 31, 2024, was $41.17 million, slightly down from $41.59 million in 2023[30] - The company reported a net loss of $404,000 for the three months ended December 31, 2024, compared to a net income of $6.99 million in the same period of 2023[26] - Non-GAAP operating margin for the three months ended December 31, 2024, was 7.6%, down from 11.2% in the same period of 2023[34] - GAAP net loss for Q4 2024 was $(404), compared to a net income of $6,990 in Q4 2023, resulting in a GAAP net income margin of (0.3%) versus 5.6%[36] - Adjusted EBITDA for Q4 2024 was $16,861, down from $22,298 in Q4 2023, with an adjusted EBITDA margin of 13.8% compared to 17.8%[36] - The company reported a decrease in GAAP net income margin for the twelve months ended December 31, 2024, at 3.3% compared to 3.4% in 2023[36] Cash Flow and Financial Position - Cash flow from operations increased to $77.8 million in 2024, up from $73.3 million in 2023[4] - The company’s cash and cash equivalents at the end of the period were $89.07 million, up from $83.79 million at the beginning of the period[28] Customer Metrics - The number of customers using the combined Factory and Network offer grew by 50% in 2024[3] - Revenue per customer contact increased by 3.1% year-over-year to $9,716, serving 51,552 customer contacts in 2024[14] - Customer contacts decreased to 21,558 in Q4 2024 from 21,879 in Q4 2023, while revenue per customer contact increased to $5,648 from $5,715[44] Future Outlook - The company expects first quarter 2025 revenue to be between $120 million and $128 million[7] - The company expects Q1 2025 GAAP diluted net income per share to range from $0.08 to $0.16, with non-GAAP diluted net income per share projected between $0.26 and $0.34[46] - Total adjustments for non-GAAP guidance in Q1 2025 include stock-based compensation and amortization expenses totaling $0.18[46] Operating Expenses - Operating expenses for the three months ended December 31, 2024, increased to $53.45 million from $47.42 million in the same period of 2023, primarily due to higher marketing and sales expenses[26] - The company incurred costs related to exit and disposal activities amounting to $5.59 million for the three months ended December 31, 2024[30] Segment Performance - The company’s CNC Machining revenue increased by 7.0% to $52.39 million for the three months ended December 31, 2024, compared to $48.91 million in the same period of 2023[26] - The company’s gross margin for the three months ended December 31, 2024, was 42.7%, down from 44.6% in the same period of 2023[32]

Proto Labs, Inc. (PRLB) has expanded its capabilities by introducing full-service production to be able to serve companies at every stage in their product life cycles. The evolution has enabled the provision of service from early prototyping and pre-production to large-scale manufacturing and end-of-life product support, while ensuring improved pricing options, enhanced quality control and maintenance of Proto Labs’ established low-volume, quick-turn prototyping capabilities.Along with bringing a strengthen ...

Proto Labs, Inc. (PRLB) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PRLB's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200- ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, Par Value $0.001 Per Share PRLB New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE A ...

Core Viewpoint - Proto Labs stock experienced a significant increase of 34.1% after surpassing analyst expectations for Q3 sales and earnings, indicating potential investment value at a low price-to-free-cash-flow ratio of 10 times [1][5] Group 1: Q3 Performance - Proto Labs reported Q3 sales of $125.6 million, exceeding Wall Street's forecast of $121.4 million [1] - The company achieved a pro forma earnings per share of $0.47, which is nearly 50% higher than the expected $0.32, although GAAP earnings were lower at $0.29 per share, reflecting a 6.5% decline from the previous year [2][3] - Revenue for the quarter fell nearly 4%, but overall performance was better than anticipated by analysts [2] Group 2: Management Insights - CEO Rob Bodor described the results as "solid" despite ongoing challenges in the manufacturing sector that impacted revenue [3] - CFO Dan Schumacher noted that Proto Labs generated its best free cash flow since 2020, totaling $52.2 million in cash profits for the year to date [3] Group 3: Future Projections - Management provided a Q4 sales forecast between $115 million and $123 million, with GAAP profits expected to range from $0.10 to $0.18 per share [4] - At the midpoint of these projections, Proto Labs is expected to end 2024 with approximately $498 million in sales and about $0.81 per share in profit [4] Group 4: Valuation Analysis - Current calculations suggest Proto Labs is trading at about 45 times current-year earnings, which may seem high given the lack of earnings growth [5] - However, if the company maintains its free cash flow generation, it could achieve $70 million in cash profits this year, leading to a price-to-free-cash-flow ratio of less than 10, indicating a potentially attractive valuation [5]

Call Start: 08:30 January 1, 0000 9:09 AM ET Proto Labs, Inc. (NYSE:PRLB) Q3 2024 Earnings Conference Call November 01, 2024 08:30 AM ET Company Participants Jason Frankman - VP and Corporate Controller Rob Bodor - President and CEO Dan Schumacher - CFO Conference Call Participants Brian Drab - William Blair Jim Ricchiuti - Needham & Company Troy Jensen - Cantor Fitzgerald Greg Palm - Craig-Hallum Capital Operator Greetings. Welcome to Proto Labs Third Quarter 2024 Earnings Call. At this time, all participa ...

Proto Labs (PRLB) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42.42%. A quarter ago, it was expected that this custom parts manufacturer would post earnings of $0.34 per share when it actually produced earnings of $0.38, delivering a surprise of 11.76%.Over the last four quarters, ...

Exhibit 99.1 3D Printing CNC Machinining letal Fabrical ietal Fabricalities iection Moldin Protolabs Reports Financial Results for the Third Quarter of 2024 Total Revenue of $126 Million GAAP Earnings Per Share of $0.29, Non-GAAP Earnings Per Share of $0.47 MINNEAPOLIS – November 1, 2024 – Proto Labs, Inc. ("Protolabs" or the "Company") (NYSE: PRLB), the world's leading provider of digital manufacturing services, today announced financial results for the third quarter ended September 30, 2024. Third Quarter ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, Par Value $0.001 Per Share PRLB New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...