{"id":68837,"date":"2019-07-29T13:33:31","date_gmt":"2019-07-29T05:33:31","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/proto-labs-report-continued-increase-in-3d-printing-income.3dm"},"modified":"2019-07-29T13:33:31","modified_gmt":"2019-07-29T05:33:31","slug":"proto-labs-report-continued-increase-in-3d-printing-income","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/proto-labs-report-continued-increase-in-3d-printing-income\/","title":{"rendered":"Proto Labs report continued increase in 3D printing income"},"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\">265<\/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\">216<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">45<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">4<\/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;\">Proto Labs Inc. (NYSE:PRLB), the 3D printing on-demand manufacturer, has released <\/span><span style=\"font-weight: 400;\">financial results for the fourth quarter and full year ended December 31, 2016.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Headline figures for the digital manufacturing enterprise show a 12.9% full year revenue increase to $298.1 million compared with $264.1 million in 2015. Net income was $42.7 million, or $1.61 per diluted share, compared with $46.5 million, or $1.77 per diluted share in 2015.<\/span><\/p>\n<figure id=\"attachment_105423\" style=\"width: 837px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-105423\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-consolidated-statement-of-operations-2016..jpg\" alt=\"Proto Labs consolidated statement of operations 2016.\" width=\"837\" height=\"681\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-consolidated-statement-of-operations-2016..jpg 837w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-consolidated-statement-of-operations-2016.-770x626.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-consolidated-statement-of-operations-2016.-200x163.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-consolidated-statement-of-operations-2016.-500x407.jpg 500w\" sizes=\"(max-width: 837px) 100vw, 837px\" \/><figcaption class=\"wp-caption-text\">Proto Labs consolidated statement of operations 2016.<\/figcaption><\/figure>\n<p><b>Cash pile for stock repurchase<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Proto Labs generated $75 million from operations, and increased their cash and equivalents balance to $68.8 million by year end.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of this cash may be used to purchase Proto Labs stock. The company provided details of a stock repurchase plan that authorizes the repurchase of up to $50 million of Proto Labs equity. <\/span><\/p>\n<p><b>Challenging economic conditions<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Revenue for the final accounting period of 2016 was $72.4 million ($73.8 million Q4:2015). The company had previously reported <\/span><span style=\"font-weight: 400;\">record revenue of $75 million for the quarter ending June 2016<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The share price of Proto Labs has remained flat over the past 8 months and <\/span><span style=\"font-weight: 400;\">President and CEO, Vicki Holt reflects the company\u2019s latest numbers, \u201c<\/span><i><span style=\"font-weight: 400;\">reflect the challenges that we faced throughout 2016 with general economic conditions affecting the R&amp;D spending in certain industries, a trend that was felt with greater impact as we closed out the year<\/span><\/i><span style=\"font-weight: 400;\">.\u201d<\/span><\/p>\n<figure id=\"attachment_105422\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-large wp-image-105422\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO-1024x682.jpg\" alt=\"Vicki Holt, President and Chief Executive Officer.\" width=\"1024\" height=\"682\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO-150x100.jpg 150w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO-770x513.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO-200x133.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-CEO-500x333.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Vicki Holt, President and Chief Executive Officer.<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Proto Labs offer a range of fabrication technologies as a, \u201c<\/span><i><span style=\"font-weight: 400;\">quick-turn, on-demand manufacturer<\/span><\/i><span style=\"font-weight: 400;\">.\u201d  sits alongside overmolding, Liquid Silicone Rubber and lathe offerings<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the most recent period Proto Labs increased the number of unique product developers and engineers served by 13.1% versus the comparative period for 2015. This figure represents a total of 14,046 designers and engineers who used their services.<\/span><\/p>\n<p><b>Growth in 3D printing revenue<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Holt explains that, \u201c<\/span><i><span style=\"font-weight: 400;\">3D printing revenue growth remained healthy and we look for continued strong growth in this segment<\/span><\/i><span style=\"font-weight: 400;\">.\u201d For the full year Proto Labs generated $37.8 million in revenue from 3D printing, the figure for 2015 was $25.1 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Continuing the CEO added Proto Labs has, <\/span><\/p>\n<blockquote>\n<p>Achieved several important milestones during 2016 that have strengthened our competitive position and enhanced our ability to generate improved top and bottom line growth across all our businesses going forward. They include strengthening the management team, integrating our acquisition in Germany to enhance our 3D printing operations in Europe.<\/p>\n<\/blockquote>\n<figure id=\"attachment_105420\" style=\"width: 573px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-105420\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-2016-year-end-balance-sheet..jpg\" alt=\"Proto Labs 2016 year end balance sheet.\" width=\"573\" height=\"669\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-2016-year-end-balance-sheet..jpg 573w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-2016-year-end-balance-sheet.-200x234.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/02\/Proto-Labs-2016-year-end-balance-sheet.-428x500.jpg 428w\" sizes=\"(max-width: 573px) 100vw, 573px\" \/><figcaption class=\"wp-caption-text\">Proto Labs 2016 year end balance sheet.<\/figcaption><\/figure>\n<p><b>Strategy announced for 2017<\/b><\/p>\n<p>Holt gave details of a three pronged strategy for the coming year,<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Our first initiative will be to improve our sales and marketing productivity to bring in new product developers and generate increased revenue. We will continue to expand our envelope of services to capture more of our customers\u2019 needs. As part of this effort, we launched Insert Molding as an expansion of our Injection Molding service this quarter. Finally, we will work to improve our gross margin to achieve our 58 to 60 percent of revenue target.<\/span><\/p>\n<\/blockquote>\n<p>For the latest news about the  Industry <a href=\"https:\/\/3dprintingindustry.com\/newsletter\">subscribe to our newsletter here<\/a>, and remember <a href=\"https:\/\/3dprintingindustry.com\/news\/1st-annual-3d-printing-industry-awards-101474\/\">nominations for the <a href=\"\/service\/3d-printing\"> Industry Awards are closing soon<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>265shares 216 45 4 Proto Labs Inc. (NYSE:PRLB), the 3D printing on-demand manufacturer, has released financial results for the fourth quarter and full year ended December 31, 2016. Headline figures for the digital manufacturing enterprise show a 12.9% full year revenue increase to $298.1 million compared with $264.1 million in 2015. Net income was $42.7 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182725,"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\/2017\/02\/Proto-Labs-consolidated-statement-of-operations-2016..jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173],"class_list":["post-68837","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>Proto Labs report continued increase in 3D printing income - FacFox News<\/title>\n<meta name=\"description\" content=\"265shares216454Proto Labs Inc. 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