Here is how Proto Labs (PRLB) and AB SKF (SKFRY) have performed compared to their sector so far this year.
Proto Labs (PRLB) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.47 per share a year ago.
Proto Labs stands to benefit from the increasing demand for US-manufactured products; this demand is already being reflected by high revenue growth in CNC machining, coming from aerospace and defense. Over the past years, PRLB has contracted its margins in the effort of expanding to other segments of the digital manufacturing space, like 3D printing. As a result, the company has experienced a massive sell-off that resulted in an 80% drawdown from its all-time highs.
| Metals & Mining Industry | Materials Sector | Suresh Krishna CEO | XWBO Exchange | US7437131094 ISIN |
| US Country | 2,357 Employees | - Last Dividend | - Last Split | 24 Feb 2012 IPO Date |
Proto Labs, Inc., operational since 1999 and headquartered in Maple Plain, Minnesota, positions itself as a pioneering digital manufacturer specializing in creating custom parts for a diverse client base. With its operations sprawling across the United States and Europe, the company has successfully harnessed digital manufacturing processes to cater to the dynamic needs of developers and engineers involved in product design. These professionals predominantly utilize 3D computer-aided design (CAD) software, aiming to bring innovations across various end-markets to life. Proto Labs sets itself apart through its commitment to speed, reliability, and customization, leveraging cutting-edge technology to turn digital designs into tangible products efficiently.
The array of manufacturing services offered by Proto Labs is comprehensive, encompassing several key manufacturing processes designed to meet the vast spectrum of customer needs: