DemandPRLB saw slowing demand late in the quarter, which persisted through July, resulting in a lower-than-expected Q3 guide.
EarningsAt the midpoint of the range, PRLB’s Q3 revenue and EPS were 7% and 20% below consensus expectations, respectively.
Industry ChallengesThe digital manufacturing industry faced modest challenges in 2023, leading to difficulties reflected in current valuations.