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MINNEAPOLIS - Proto Labs Inc (NYSE:PRLB) reported better-than-expected third quarter results on Friday with record revenue, and exceeded analyst expectations for both earnings and revenue.
The digital manufacturing company’s shares edged up 0.87% in pre-market trading after the results.
The company posted adjusted earnings of $0.47 per share for the quarter ended September 30, surpassing the analyst consensus of $0.39. Revenue reached a record $135.4 million, exceeding estimates of $133.86 million and representing a 7.8% increase YoY from $125.6 million in the same quarter last year.
"Protolabs generated another quarter of accelerated growth and record revenue, supported by strong performance in several key end markets, and a substantial increase in revenue per customer contact," said President and CEO Suresh Krishna. "I am very encouraged by the progress we’ve made over the last two quarters—we have significant momentum into year-end."
The company’s CNC Machining segment showed particularly strong growth, with revenue increasing 18.2% YoY to $63 million. Revenue per customer contact rose 14.1% YoY to $6,370, though the total number of customer contacts decreased to 21,252 from 22,511 in the prior-year period.
Proto Labs’ digital factory revenue grew 4.9% YoY to $105.3 million, while revenue from the Protolabs Network jumped 19.1% to $30.1 million.
For the fourth quarter, Proto Labs provided guidance for adjusted earnings of $0.30 to $0.38 per share, with the midpoint of $0.34 slightly above the analyst consensus of $0.33. Revenue is expected to be between $125 million and $133 million.
CFO Dan Schumacher noted: "Along with record revenue in the quarter, we continued to demonstrate the strength of our business model by expanding adjusted EBITDA as compared to the second quarter of 2025, continuing our best-in-class cash flow generation, and returning capital to shareholders via repurchases of common stock."
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