Company Overview of Proto Labs, Inc.
Proto Labs, Inc., together with its subsidiaries, manufactures computer numerical control (CNC) machined, injection molded, and 3D printed custom parts for prototyping and short-run production in the medical, aerospace, computer/electronics, consumer products, industrial machinery, and other markets. Its primary manufacturing services comprise Firstcut, a CNC machining service; and Protomold, an aluminum injection molding service. The company also provides Fineline, an additive manufacturing product that offers precision rapid prototyping. It serves product developers who use three-dimensional computer-aided design software to design products. The company has operation primarily in the Unite...
5540 Pioneer Creek Drive
Maple Plain, MN 55359
Founded in 1999
Key Executives for Proto Labs, Inc.
Chief Executive Officer, President and Director
Total Annual Compensation: $436.5K
Chief Financial Officer and Executive Vice President of Development
Total Annual Compensation: $16.7K
Executive Vice President and Technology Officer
Total Annual Compensation: $276.4K
Managing Director of Europe, Middle East & Africa, Vice President and General Manager
Total Annual Compensation: $246.5K
Vice President of Global Sales
Total Annual Compensation: $251.2K
Compensation as of Fiscal Year 2014.
Proto Labs, Inc. Key Developments
Proto Labs, Inc. Launches Rapid Magnesium Injection Molding Service
Jul 29 15
Proto Labs, Inc. has introduced magnesium injection molding into its current rapid manufacturing services. This advanced injection molding process enables product designers and engineers to prototype using the same materials and processes used for the final part production. In addition to prototypes, Proto Labs will offer production parts in quantities of up to 5,000+ with a typical turnaround time of 15 days. Magnesium is a strong and lightweight metal that is increasingly being used in the automotive and aerospace industries to reduce the weight of components. Proto Labs’ injection molding process, known also as thixomolding, is viewed as an alternative to machining and die casting processes. It involves heating chipped magnesium feedstock in the barrel of a press, where it is transformed into a gel-like state before high-speed injection into a steel mold to create the part.
Proto Labs, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Provides Capital Expenditure Guidance for 2015
Jul 23 15
Proto Labs, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total revenue was $63.969 million against $52.866 million a year ago. Income from operations was $17.347 million against $15.974 million a year ago. Income before income taxes was $17.311 million against $15.908 million a year ago. Net income was $11.686 million or $0.44 per diluted share against $10.956 million or $0.42 per diluted share a year ago. Non-GAAP diluted net income per share was $0.50 against $0.46 a year ago. Cash generated from operations during the second quarter totaled $12.4 million. capital spending during the second quarter of 2015 was $9.5 million and included additive manufacturing equipment in Europe to support the service launch.
For the six months, total revenue was $122.505 million against $98.940 million a year ago. Income from operations was $33.188 million against $30.422 million a year ago. Income before income taxes was $32.695 million against $30.459 million a year ago. Net income was $22.139 million or $0.84 per diluted share against $21.058 million or $0.81 per diluted share a year ago. Net cash provided by operating activities was $27.833 million against $26.017 million a year ago. Purchases of property and equipment was $15.717 million against $31.625 million a year ago. Non-GAAP diluted net income per share was $0.95 against $0.87 a year ago.
The company currently expects third quarter 2015 revenue to be in the range of $65 million to $68 million. This revenue guidance includes an estimated $2 million negative impact related to the exchange rates compared to the third quarter of 2014. Adjusting for the impact of exchange rates, this guidance represents revenue growth of 23% to 28%. The company expects quarterly non-GAAP EPS to be between $0.51 and $0.55 per share.
During 2015, the company anticipates capital expenditures of approximately $40 million to support future growth, including the recently announced additive manufacturing facility in North Carolina.
Proto Labs, Inc. Expands its Additive Manufacturing Footprint
Jul 21 15
Proto Labs, Inc. announced that it has acquired a new facility to expand its 3D printing service into a larger and more efficient additive manufacturing space. The 77,000 sq. ft. facility will allow the digital manufacturing company to house all of its stereolithography (SL), selective laser sintering (SLS) and direct metal laser sintering (DMLS) technology under one roof. The new plant is scheduled to become fully operational in the first half of 2016, and will remain in the North Carolina area where Proto Labs' current additive facilities are located. In addition to moving its existing equipment into the larger space, the prototyping and low-volume manufacturer plans to increase its overall 3D printing capacity with new machines. Anchoring the expansion will be SLS and DMLS equipment, which produce durable nylon parts and functional metal parts respectively.
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