Proto Labs Mulls Acquisitions
Sep 15 14
Proto Labs, Inc. (NYSE:PRLB) is seeking acquisitions. Vicki Holt, President and Chief Executive Officer of Proto Labs said, "As we look at these verticals that I have mentioned where our value proposition really resonates we may be able to find some opportunities for some acquisitions."
Proto Labs, Inc. Announces Resignation of Bradley A. Cleveland from Board of Directors
Sep 2 14
On August 28, 2014, Bradley A. Cleveland, former CEO and Director of Proto Labs, Inc. announced his resignation from the Board of Directors of Proto Labs, Inc., effective September 1, 2014.
Proto Labs, Inc. Presents at Morgan Stanley 2nd Annual Laguna Conference, Sep-15-2014 10:20 AM
Aug 29 14
Proto Labs, Inc. Presents at Morgan Stanley 2nd Annual Laguna Conference, Sep-15-2014 10:20 AM. Venue: Ritz-Carlton, Laguna Niguel Dana Point, California, United States. Speakers: Victoria M. Holt, Chief Executive Officer, President and Director.
Proto Labs, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Capital Expenditure Guidance for the Full Year of Fiscal 2014
Jul 24 14
Proto Labs, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $52,866,000 against $39,749,000 a year ago. Second quarter revenue includes $2.1 million of additive manufacturing services or 3D printing from the company’s FineLine acquisition. Without these revenues, second quarter revenues would have been $50.8 million, an increase of 28% over the prior year. Income from operations was $15,974,000 against $12,629,000 a year ago. Income before income taxes was $15,908,000 against $12,745,000 a year ago. Net income was $10,956,000 or $0.42 diluted per share against $8,611,000 or $0.33 per diluted share a year ago.
For the six months, the company reported total revenue of $98,940,000 against $77,062,000 a year ago. Income from operations was $30,422,000 against $24,023,000 a year ago. Income before income taxes was $30,459,000 against $24,142,000 a year ago. Net income was $21,058,000 or $0.81 diluted per share against $16,898,000 or $0.66 per diluted share a year ago. Net cash provided by operating activities was $26,017,000 against $19,448,000 for the same period in the last year. Purchases of property and equipment were $31,625,000 against $6,069,000 for the same period in the last year. Non-GAAP net income adjusted for stock based compensation and amortization was $11,889,000 or $0.45 per diluted share.
The company provided earnings guidance for the third quarter and capital expenditure guidance for the full year of fiscal 2014. Including FineLine's results, the company currently expects revenue in the third quarter of 2014 to be in the range of $54 million to $57 million. The company expects quarterly non-GAAP EPS to be between $0.44 and $0.48 per share.
Capital spending during 2014 will total approximately $40 million, of which half will be for the building purchases noted above, with the remainder being heavily weighted from new equipment to support growth of the company’s present and new services.
Proto Labs, Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-14-2014 03:30 PM
Jul 12 14
Proto Labs, Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-14-2014 03:30 PM. Venue: InterContinental Hotel, 510 Atlantic Avenue, Boston, MA 02210, United States. Speakers: John R. Judd, Chief Financial Officer and Principal Accounting Officer.