Protolabs reports Q3 non-GAAP EPS 47c, consensus 32c

Reports Q3 revenue $125.6M, consensus $121.38M. “Our disciplined approach and resilient business model drove solid financial results in Q3, despite continued dynamic challenges in the manufacturing sector,” said CEO Rob Bodor. “We remain committed to accelerating our growth, as highlighted by the actions we initiated at the end of the second quarter to reorganize our internal structure and better position the company for growth and value-creation over the long-term. We are committed to executing on our priorities and increasing value for our shareholders.” CFO Dan Schumacher commented: “In Q3, our business generated its highest quarterly operating cash flow since 2020-before the acquisition of 3D Hubs. This is a testament to the profitability of Protolabs (PRLB)’ model against any macro backdrop, driven by our unique combined factory and network model. We will continue to invest profits to accelerate growth and create value for shareholders.”