proto labs inc (PRLB) Key Developments
Proto Labs Introduces Optical Liquid Silicone Rubber
Mar 11 15
Proto Labs, Inc. has added optical-grade liquid silicone rubber, or LSR, to its existing lineup of moldable plastic, metal and LSR materials. The engineering-grade thermoset offers a host of benefits for those developing components and products inside the lighting industry. Optical LSR does not discolor or lose transparency with age or with exposure to heat or UV light; it is significantly lighter than glass and most other plastics; and it is scratch and crack resistant, among many other advantages.
Proto Labs, Inc. Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-02-2015 04:25 PM
Feb 23 15
Proto Labs, Inc. Presents at Morgan Stanley 2015 Technology, Media & Telecom Conference, Mar-02-2015 04:25 PM. Venue: The Palace Hotel, 2 New Montgomery Street, San Francisco, CA 94105, United States. Speakers: John A. Way, Chief Financial Officer, Victoria M. Holt, Chief Executive Officer, President and Director.
Proto Labs, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Capital Expenditure Guidance for the Full Year of Fiscal 2015
Feb 5 15
Proto Labs, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue was $56.07 million against $44.04 million a year ago. Income from operations was $14.68 million against $13.87 million a year ago. Income before income taxes was $14.68 million against $14.003 million a year ago. Net income was $10.2 million against $9.61 million a year ago. Diluted earnings per share were $0.39 against $0.36 a year ago. Non-GAAP net income was $11.17 million or $0.43 diluted per share compared with non-GAAP EPS of $0.39 per fully diluted share in the fourth quarter of 2013.
For the year, the company reported total revenue was $140.28 million against $115.07 million a year ago. Income from operations was $60.53 million against $51.3 million a year ago. Income before income taxes was $60.53 million against $51.58 million a year ago. Net income was $41.63 million against $35.3 million a year ago. Diluted earnings per share were $1.60 against $1.36 a year ago. Net cash provided by operating activities was $57.210 against $48.441 million a year ago. Purchases of property and equipment were $43.507 million against $18.753 million a year ago. Non-GAAP net income was $45.24 million or $1.73 diluted per share, an 18% increase over the prior year.
The company provided earnings guidance for the first quarter and capital expenditure guidance for the full year of fiscal 2015. The company announced that including Fineline's results, the company currently expects revenues in the first quarter of 2015 to be in the range of $56.5 million to $59.5 million. This revenue guidance includes an estimated $1.5 million negative impact related to exchange rates. Amortization of intangibles related to Fineline will be approximately $185,000. Taking into consideration all the above, the company expects its quarterly non-GAAP EPS to be between $0.43 and $0.47 per share.
During 2015, the company anticipates capital expenditures of approximately $40 million for additional manufacturing capacity and an additive manufacturing facility to support the company’s growth.
Proto Labs, Inc. (NYSE:PRLB) Seeks Acquisitions
Feb 5 15
Proto Labs, Inc. (NYSE:PRLB) is seeking acquisitions. Vicki Holt, Proto Labs' President & Chief Executive Officer, said "As we've said before, our business model, we're not an acquisitive business model by nature, but if an acquisition would help us drive forward our strategy, like the Fineline acquisition did, we'll certainly look at that."
Proto Labs Launches 'Quick-Turn' 3D Printing Capabilities
Feb 3 15
Proto Labs, Inc. has announced new enhancements to its Fineline Additive Manufacturing service that will enable the prototyping and low-volume production company to ship 3D-printed parts in as fast as one day. Proto Labs incorporated additive manufacturing into its existing CNC machining and injection molding services in April 2014, and has since been building its 3D printing capabilities to match the production speeds of its machining and molding processes. Stereolithography translates CAD models into physical plastic parts by laser-curing liquid thermoset resin into thousands of thin layers until a final part is formed; selective laser sintering works in a similar fashion, but draws onto nylon powder to form a desired shape. Both processes are used regularly to create concept models, complex parts and other prototypes for nearly any field.