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MINNEAPOLIS - Proto Labs Inc . (NYSE:PRLB) reported first-quarter results that topped revenue expectations on Friday.
The company’s ]shares were up 3.35% in premarket trading following the release.
Proto Labs posted adjusted earnings of $0.33 per share for the quarter ended March 31, 2025, narrowly missing the analyst consensus of $0.34. Revenue came in at $126.2 million, surpassing estimates of $124.51 million and declining 1.3% YoY.
"Protolabs started the year strong, with revenue and earnings per share near the top of our guidance range," said CEO Rob Bodor. He noted increases in both customer numbers and spend per customer utilizing the company’s combined factory and network offerings.
For the second quarter, Proto Labs expects revenue between $124 million and $132 million, compared to analyst estimates of $126.1 million. The company forecasts adjusted earnings per share of $0.30 to $0.38, straddling the $0.33 consensus.
The revenue beat and solid guidance helped drive shares higher in early trading. Proto Labs’ stock rose 3.35% following the earnings release, indicating investors’ positive reaction to the results and outlook.
The company reported serving 21,627 customer contacts during Q1, with revenue per customer rising 2.5% YoY to $5,836. Proto Labs ended the quarter with $116.3 million in cash and investments.
CFO Dan Schumacher highlighted the company’s "industry-leading profitability and cash flow generation," noting Proto Labs repurchased $20.9 million of common stock during the quarter.
Looking ahead, management expressed confidence in Proto Labs’ ability to adapt to evolving tariff landscapes, citing its geographically diverse factory and network fulfillment model as a key advantage.
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