{"id":68217,"date":"2019-07-29T12:54:11","date_gmt":"2019-07-29T04:54:11","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/protolabs-reports-full-year-2018-financials-with-record-quarter-for-3d-printing.3dm"},"modified":"2019-07-29T12:54:11","modified_gmt":"2019-07-29T04:54:11","slug":"protolabs-reports-full-year-2018-financials-with-record-quarter-for-3d-printing","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/protolabs-reports-full-year-2018-financials-with-record-quarter-for-3d-printing\/","title":{"rendered":"Protolabs reports full year 2018 financials with record quarter for 3D printing"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>Award winning on demand manufacturing provider Protolabs, headquartered in Maple Plain, Minnesota, has announced its financial earnings for the fourth quarter and full year 2018.<\/p>\n<p>Headline revenue for FY2018 was $445.6 million, up 29% on the previous year which was $344.5 million. Revenue for Q4 2018 was reported at $112.8 million, an increase of 20% over Q4 2017 which was $94.2 million.<\/p>\n<p>Of Q4 2018&#8217;s revenue, the 3D printing segment accounts for $13.9 million, which Vicki Holt, Protolabs President and CEO has called &#8220;a record quarter&#8221; for the service, up 23.6% on Q4 2017 3D printing revenue which was $11.3 million.<\/p>\n<p>The results come after our <a href=\"\/service\/3d-printing\"> Industry Index<\/a> provided a similar indication earlier this month.<\/p>\n<p>Overall, Holt maintains, &#8220;2018 was a strong year overall for our company. As we enter into our 20th year of operations, it is rewarding to look back at all we have accomplished since our inception. [&#8230;] Our 2019 priorities are aligned to serving our customers through enhanced relationships, continuously improving the customer experience and increased efficiency in operations,&#8221;<\/p>\n<blockquote>\n<p>&#8220;After a strong 2018, these priorities continue our focus on our customers, enabling us to drive growth and deliver long term shareholder returns.&#8221;<\/p>\n<\/blockquote>\n<figure id=\"attachment_148661\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-148661\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/1014_vicki-holt-protolabs_1200x675-1024x576.jpg\" alt=\"Vicki Holt, President and Chief Executive Officer of Protolabs. Photo by Thomas Strand, Forbes\" width=\"1024\" height=\"576\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/1014_vicki-holt-protolabs_1200x675-1024x576.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/1014_vicki-holt-protolabs_1200x675-770x433.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/1014_vicki-holt-protolabs_1200x675-200x113.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/1014_vicki-holt-protolabs_1200x675-500x281.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/1014_vicki-holt-protolabs_1200x675.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Vicki Holt, President and Chief Executive Officer of Protolabs. Photo by Thomas Strand, Forbes<\/figcaption><\/figure>\n<p><strong>Protolabs revenue by manufacturing service<\/strong><\/p>\n<p>Protolabs&#8217; services in earnings are represented as five categories: Injection Molding, CNC Machining, , Sheet Metal and Other. As longstanding legacy services, Injection Molding and CNC Machining account for the majority of the company&#8217;s revenue.<\/p>\n<p>For the year ended December 31, 2018, Injection Molding reported a revenue of $210.5 million, and increase of $16 million on FY2017 Injection Molding revenue, which was $194.4 million. For the fourth quarter, Injection Molding reported a revenue of $52.9 million, compared to Q4 2017 revenue of $50.2 million.<\/p>\n<p>In CNC Machining, FY2018 revenue was reported at $152.5 million, compared to FY2017 CNC Machining revenue which was $103.7 million. CNC Machining Revenue for the quarter was $38.1 million, compared to Q4 2017&#8217;s revenue of $30.4 million.<\/p>\n<p> is the third highest revenue for Protolabs. For FY2018, <a href=\"\/service\/3d-printing\"> reported $53.3 million in revenue, compared to $43.3 million in FY2017.<\/p>\n<p>Q4 2018 also marks the first time Protolabs has a year on year comparable value for its Sheet Metal service. For Q4 FY2018, Sheet Metal revenue was reported at $6 million, compared to Q4 FY2017 at $1.8 million.<\/p>\n<table dir=\"ltr\" style=\"height: 283px;\" border=\"1\" width=\"644\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Revenues&quot;}\"><strong>Revenue<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q4 FY2018&quot;}\"><strong>Q4 FY2018<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q4 FY 2017&quot;}\"><strong>Q4 FY 2017<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Variance \u00a3 millions&quot;}\"><strong>Variance $ millions<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;%&quot;}\"><strong>%<\/strong><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Injection Molding&quot;}\">Injection Molding<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:53913}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">53,913<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:50245}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">50,245<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:3668}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">3,668<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.07300228878495373}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">7.30%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;CNC Machining&quot;}\">CNC Machining<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:38157}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">38,157<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:30421}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">30,421<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:7736}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">7,736<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.2542980178166398}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">25.43%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;<a href=\">&quot;}&#8221;><a href=\"\/service\/3d-printing\"><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:13924}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">13,924<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:11268}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">11,268<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2656}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">2,656<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.2357117500887469}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">23.57%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Sheet Metal&quot;}\">Sheet Metal<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:5996}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">5,996<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:1767}\">1767<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:4229}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">4,229<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2.393322014714205}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">239.33%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Other&quot;}\">Other<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:779}\">779<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:477}\">477<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:302}\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">302<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.6331236897274634}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">63.31%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Total revenue&quot;}\">Total revenue<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:112769}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=SUM(R[-5]C[0]:R[-1]C[0])\">112,769<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:94178}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=SUM(R[-5]C[0]:R[-1]C[0])\">94,178<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:18591}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">18,591<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.19740279046061712}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">19.74%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Net income for Q4 2018 was $19.3 million, or $0.71 per diluted share. Non-GAAP net income for Q4 2018 was $20.3 million, or $0.74 per diluted share.<\/p>\n<p><strong>Rapid Manufacturing performance<\/strong><\/p>\n<p>Though FY2018 was a strong year overall for Protolabs in terms of revenue growth, Holt adds that &#8220;fourth quarter financial results were below our expectations.&#8221; This is attributed to, in part, weak revenues in December, the relocation of its U.S. CNC facility, and the performance of <a href=\"https:\/\/3dprintingindustry.com\/news\/proto-labs-expands-capacity-120m-acquisition-rapid-manufacturing-group-124956\/\">Rapid Manufacturing, a business recently acquired by Protolabs<\/a> in a deal valued at $120 million.<\/p>\n<p>Holt adds, &#8220;The revenue and earnings growth from our acquisition of Rapid Manufacturing is not meeting our expectations. In the quarter, we prepared our customer-facing teams in the U.S. to sell our full suite of products and services, including sheet metal and an expanded CNC offer beginning January 1st,&#8221;<\/p>\n<p>&#8220;This involved merging all customer accounts, reallocating the accounts to the sales force and training each sales team on the expanded service offering they would sell on January 1st. This disruption had an impact on the revenue from the Rapid services in the quarter.&#8221;<\/p>\n<p>Due to the performance of Rapid, and expecting a slow January, Protolabs has set guidance revenue growth of between 5 and 10% for Q1 FY2019.<\/p>\n<p><strong>Protolabs revenue by region &#8211; strong in the U.S. and opening up in Japan<\/strong><\/p>\n<p>In addition to the Rapid acquisition, Protolabs has hit a number of milestones in the past 12 months, including becoming a founding member of  MIT\u2019s <a href=\"https:\/\/3dprintingindustry.com\/news\/protolabs-joins-mits-new-center-for-additive-and-digital-advanced-production-technologies-145104\/\">Additive and Digital Advanced Production Technologies<\/a> (ADAPT) consortium, and GE Additive&#8217;s <a href=\"https:\/\/3dprintingindustry.com\/news\/ge-additive-launches-manufacturing-partner-network-with-protolabs-carpenter-and-burloak-136349\/\">Manufacturing Partner Network<\/a>. The company also entered into partnership with Japanese parts distributor <a href=\"https:\/\/jp.misumi-ec.com\/top\/\">Misumi<\/a> to cement its brand recognition in the region.<\/p>\n<p>In revenue distributed by region, for Q4 FY2018 Japan saw a 26.7% increase on revenue from Q4 FY2017, up to $4 million from $3.2 million. The U.S. continues to be Protolabs&#8217; most prolific market, accounting for a Q4 FY2018 revenue of $89.3 million, an increase of 23.9% on the same period in 2017, which was $72 million.<\/p>\n<p>Regarding Misumi, Holt adds, &#8220;We are pleased with the progress of this partnership as it has continued to accelerate demand and order volume for Protolabs in Japan.<\/p>\n<table dir=\"ltr\" style=\"height: 198px;\" border=\"1\" width=\"653\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Revenues &quot;}\"><strong>Revenue<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q4 FY2018&quot;}\"><strong>Q4 FY2018<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q4 FY2017&quot;}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\"><strong>Q4 FY2017<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Variance \u00a3 millions&quot;}\"><strong>Variance $ millions<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;%&quot;}\"><strong>%<\/strong><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;United States&quot;}\">United States<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:89282}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">89,282<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:72067}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">72,067<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:17215}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">17,215<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.23887493582360858}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">23.89%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Europe&quot;}\">Europe<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:19458}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">19,458<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:18930}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">18,930<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:528}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">528<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.027892234548335976}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">2.79%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Japan&quot;}\">Japan<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:4029}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">4,029<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:3181}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">3,181<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:848}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">848<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.26658283558629364}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">26.66%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Total Revenue&quot;}\">Total Revenue<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:112769}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=SUM(R[-3]C[0]:R[-1]C[0])\">112,769<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:94178}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=SUM(R[-3]C[0]:R[-1]C[0])\">94,178<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:18591}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">18,591<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.19740279046061712}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">19.74%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Full <a href=\"https:\/\/protolabs.gcs-web.com\/news-releases\/news-release-details\/protolabs-reports-financial-results-fourth-quarter-and-full-year\">financial results for Protolabs Q4 and full year 2018<\/a> can be found online here.<\/p>\n<p>Click here for further <a href=\"https:\/\/3dprintingindustry.com\/data-and-analysis\/\">data and analysis<\/a> from <a href=\"\/service\/3d-printing\"> Industry.<\/p>\n<p><em>Stay up to date with 3D printing financials this season, subscribe to the <a href=\"https:\/\/3dprintingindustry.com\/newsletter\/\"><a href=\"\/service\/3d-printing\"> Industry newsletter<\/a>, follow us on <a href=\"https:\/\/twitter.com\/3dprintindustry\">Twitter<\/a> and like us on <a href=\"https:\/\/www.facebook.com\/3dPrintingIndustry\/\">Facebook<\/a>.<\/em><\/p>\n<p><em>Seeking jobs in engineering? Make your profile on <a href=\"https:\/\/jobs.3dprintingindustry.com\/\"><a href=\"\/service\/3d-printing\"> Jobs<\/a>, or <a href=\"https:\/\/jobs.3dprintingindustry.com\/products\">advertise<\/a> to find experts in your area.<\/em><\/p>\n<p><em>Featured image shows MJF 3D printing in progress. Photo via Protolabs<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Award winning on demand manufacturing provider Protolabs, headquartered in Maple Plain, Minnesota, has announced its financial earnings for the fourth quarter and full year 2018. Headline revenue for FY2018 was $445.6 million, up 29% on the previous year which was $344.5 million. Revenue for Q4 2018 was reported at $112.8 million, an increase of 20% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182417,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2019\/02\/1014_vicki-holt-protolabs_1200x675-1024x576.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Protolabs reports full year 2018 financials with record quarter for 3D printing - 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