PRLB Stock Price & Analysis

Proto Labs Inc

PRLB

Proto Labs Inc

36.550

+36.550(+0%)6M

PRLB Stock Price Chart

YTD

PRLB Key Stats

High

36.660

Vol

150.90K

Low

35.765

Amount

5.51M

Open

36.300

VWAP

36.50

Mkt Cap

885.72M

EV/EBITDA(TTM)

12.71

PRLB Company Profile

Proto Labs, Inc. is a provider of comprehensive digital manufacturing service. The Company utilizes injection molding, computer numerical control (CNC) machining, three-dimensional (3D) printing and sheet metal fabrication to manufacture custom parts for its customers. The Company targets its products to product developers and engineers who use 3D computer-aided design (CAD) software to design products across a diverse range of end-markets, to the procurement and supply chain professionals seeking to source custom parts on-demand, and to various customers seeking to purchase low-volume custom parts. The Company, through Protolabs Network by Hubs (Protolabs Network), provides its customers access to a global network of manufacturing partners. Its customers engage with the Company throughout the lifecycle of their product, from early-stage prototyping through end-use production to end-of-life replacement and other parts needs. It has operations in the United States and Europe.

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Should I Buy PRLB

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PRLB Fundamental Analysis

buy

Moderate Buy

Buy

Hold

Sell

High

50.00

Averages

47.50

Low

45.00

Analyst

Rating

Action

Price Target

Date

Rating Reason

Cantor Fitzgerald

Troy Jensen

Buy

Maintains

$40 → $50

2025-02-10

Needham

James Ricchiuti

Hold

Reiterates

n/a

2025-02-07

Needham

James Ricchiuti

Hold

Reiterates

n/a

2025-01-16

Cantor Fitzgerald

Troy Jensen

Buy

Reiterates

$40

2024-11-04

Craig-Hallum

Greg Palm

Hold

Maintains

$30 → $36

2024-11-04

Craig-Hallum

Analyst	Rating	Action	Price Target	Date	Rating Reason

Cantor Fitzgerald Troy Jensen	Buy	Maintains	$40 → $50	2025-02-10
Needham James Ricchiuti	Hold	Reiterates	n/a	2025-02-07
Needham James Ricchiuti	Hold	Reiterates	n/a	2025-01-16
Cantor Fitzgerald Troy Jensen	Buy	Reiterates	$40	2024-11-04
Craig-Hallum Greg Palm	Hold	Maintains	$30 → $36	2024-11-04	Craig-Hallum

PRLB Earnings Analysis

Proto Labs Inc Corporation (PRLB.N) Q2 2024 Earnings Conference Call

Positive

Revenue and Earnings Growth: Proto Labs' first half 2024 revenue grew 2% year over year, while non-GAAP earnings per share increased by 25%.
Network Revenue Growth: In the second quarter of 2024, Proto Labs network revenue rose by 22.7% in constant currencies, demonstrating strong growth in this segment.
Customer Adoption Surge: The number of customers utilizing Proto Labs' comprehensive offer increased by over 50% year over year, indicating strong customer adoption and engagement.
Gross Margin Improvement: Second quarter non-GAAP gross margin improved to 45.7%, reflecting a 10 basis point increase sequentially, showcasing enhanced profitability.
Strong Cash Generation: Cash flow from operations was $14.4 million, and the company repurchased $10.9 million of common shares during the quarter, highlighting strong cash generation and commitment to returning capital to shareholders.

Negative

Sequential Net Income Decline: Second quarter non GAAP diluted net income per share was $0.38, down $0.02 compared to the first quarter of twenty twenty four, indicating a sequential decline due to lower volume.
Injection Molding Revenue Stagnation: Second quarter injection molding revenue was flat year over year, with smaller prototype orders declining, suggesting stagnation in a key revenue segment.
Customer Ordering Trends: Customer ordering patterns softened in June and continued in July, reflecting a challenging macro environment and leading to a cautious outlook for the third quarter.
Manufacturing PMI Decline: The U.S. Manufacturing PMI in July hit an eight-month low, indicating deeper contraction in manufacturing activity, which negatively impacts Proto Labs' growth potential.
Third Quarter Revenue Guidance: The guidance for third quarter revenue is projected between $117 million and $125 million, reflecting a more pronounced challenging operating environment than previously experienced.

Positive

Revenue and Earnings Growth: Proto Labs' first half 2024 revenue grew 2% year over year, while non-GAAP earnings per share increased by 25%.
Network Revenue Growth: In the second quarter of 2024, Proto Labs network revenue rose by 22.7% in constant currencies, demonstrating strong growth in this segment.
Customer Adoption Surge: The number of customers utilizing Proto Labs' comprehensive offer increased by over 50% year over year, indicating strong customer adoption and engagement.
Gross Margin Improvement: Second quarter non-GAAP gross margin improved to 45.7%, reflecting a 10 basis point increase sequentially, showcasing enhanced profitability.
Strong Cash Generation: Cash flow from operations was $14.4 million, and the company repurchased $10.9 million of common shares during the quarter, highlighting strong cash generation and commitment to returning capital to shareholders.

Negative

Sequential Net Income Decline: Second quarter non GAAP diluted net income per share was $0.38, down $0.02 compared to the first quarter of twenty twenty four, indicating a sequential decline due to lower volume.
Injection Molding Revenue Stagnation: Second quarter injection molding revenue was flat year over year, with smaller prototype orders declining, suggesting stagnation in a key revenue segment.
Customer Ordering Trends: Customer ordering patterns softened in June and continued in July, reflecting a challenging macro environment and leading to a cautious outlook for the third quarter.
Manufacturing PMI Decline: The U.S. Manufacturing PMI in July hit an eight-month low, indicating deeper contraction in manufacturing activity, which negatively impacts Proto Labs' growth potential.
Third Quarter Revenue Guidance: The guidance for third quarter revenue is projected between $117 million and $125 million, reflecting a more pronounced challenging operating environment than previously experienced.