Protolabs reports Q3 adjusted EPS 51c, consensus 30c

Reports Q3 revenue $130.7M, consensus $122.77M. “Protolabs produced third quarter financial results that surpassed our expectations on the top and bottom line. We generated record revenue, improved profitability, generated substantial cash flow, and returned capital to shareholders.” said Rob Bodor, President and CEO. “This excellent financial performance demonstrates the success of our strategy; Protolabs’ unique hybrid model combining the digital factory and the digital network is the best way to grow profitably in our industry. We experienced increased demand for our comprehensive digitally-enabled manufacturing capabilities in the quarter. The model is winning and customers are delighted.”