{"id":68410,"date":"2019-07-29T13:09:30","date_gmt":"2019-07-29T05:09:30","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/protolabs-reports-record-revenue-growth-and-income-for-q2-2018.3dm"},"modified":"2019-07-29T13:09:30","modified_gmt":"2019-07-29T05:09:30","slug":"protolabs-reports-record-revenue-growth-and-income-for-q2-2018","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/protolabs-reports-record-revenue-growth-and-income-for-q2-2018\/","title":{"rendered":"Protolabs reports record revenue growth and income for Q2 2018"},"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<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">13<\/span><span>shares<\/span><\/div>\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 class=\"dpsp-network-count\">13<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p><span style=\"font-weight: 400;\">Protolabs<\/span><span style=\"font-weight: 400;\"> has reported \u201crecord revenue growth and net Income\u201d in financial results for the second quarter ended June 30, 2018.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Headline figures for the digital manufacturing enterprise show revenue for the quarter of $109.7 million. Protolabs\u2019 net income was $18.3 million, up 52% from the prior year. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vicki Holt, President and Chief Executive Officer commented, \u201cFor the second straight quarter, Protolabs delivered 34% revenue growth over 2017,\u201d <\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cThrough the first half of the year, our CNC Machining business has experienced explosive growth in excess of 60%. Our ability to serve our customers with this level of growth demonstrates the tremendous value and scalability of our digital business model.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Highlights for the second quarter include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Gross margin was 54.0 percent of revenue for the second quarter of 2018, compared with 56.5 percent for the second quarter of 2017 with the change in gross margin largely driven by the RAPID Manufacturing acquisition.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">GAAP operating margin was 20.0 percent of revenue during the second quarter of 2018, compared to 20.0 percent for the second quarter of 2017.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Non-GAAP operating margin was 23.3 percent of revenue during the second quarter of 2018, compared to 22.9 percent for the second quarter of 2017. See \u201cNon-GAAP Financial Measures\u201d below.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The company generated $33.2 million in cash from operations during the second quarter of 2018.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Cash and investments balance was $144.9 million at June 30, 2018.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Revenue from 3D printing increased by 22% at Protolabs. \u201cWe continue to demonstrate our leadership in the 3D space in the market,\u201d said Holt during a call with investors and analysts. The <\/span><span style=\"font-weight: 400;\">recent partnership with GE<\/span><span style=\"font-weight: 400;\"> was also highlighted by the CEO. \u201cThis is an exciting opportunity for Protolabs to partner with GE Additive to further advance and provide access to industrial-grade additive manufacturing technologies and materials,\u201d said Holt.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other recent achievements noted on the call included Protolabs\u2019 success at the <\/span><span style=\"font-weight: 400;\">2018 <a href=\"\/service\/3d-printing\"> Industry Awards<\/span><span style=\"font-weight: 400;\"> where our readers selected the company for an award. \u201cProtolabs was recognized in winning the Creative Use of  Award at the 2018 <a href=\"\/service\/3d-printing\"> Industry Awards for its Black Panther Brisk Promotion with PepsiCo. As a leader in 3D, we continue to expand our capabilities and leverage our world-class knowledge to serve our customers,\u201d said Holt.<br \/>\n<\/span><br \/>\n<i><span style=\"font-weight: 400;\">Get all the latest 3D printing news direct to your inbox, subscribe to the free<\/span><\/i> <i><span style=\"font-weight: 400;\"> <a href=\"\/service\/3d-printing\"> Industry newsletter<\/span><\/i><i><span style=\"font-weight: 400;\">. Also, follow us on<\/span><\/i><i><span style=\"font-weight: 400;\"> Twitter<\/span><\/i><i><span style=\"font-weight: 400;\">, and like us on<\/span><\/i><i><span style=\"font-weight: 400;\"> Facebook<\/span><\/i><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">Looking for a change of pace? Seeking new talent for your business? Search and post<\/span><\/i><i><span style=\"font-weight: 400;\"> <a href=\"\/service\/3d-printing\"> Jobs<\/span><\/i><i><span style=\"font-weight: 400;\"> for opportunities and new talent across engineering, marketing, sales and more.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>13shares 13 0 0 Protolabs has reported \u201crecord revenue growth and net Income\u201d in financial results for the second quarter ended June 30, 2018. Headline figures for the digital manufacturing enterprise show revenue for the quarter of $109.7 million. Protolabs\u2019 net income was $18.3 million, up 52% from the prior year. Vicki Holt, President and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":"","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[173,158],"class_list":["post-68410","post","type-post","status-publish","format-standard","hentry","category-aerospace","tag-business","tag-space"],"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 record revenue growth and income for Q2 2018 - FacFox News<\/title>\n<meta name=\"description\" content=\"13shares1300Protolabs has reported \u201crecord revenue growth and net Income\u201d in financial results for the second quarter ended June 30, 2018. 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