Proto Labs (NYSE:PRLB) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$125.6m (up 2.8% from 2Q 2023).
- Net income: US$4.54m (up from US$383.0k loss in 2Q 2023).
- Profit margin: 3.6% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.
- EPS: US$0.18 (up from US$0.015 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Proto Labs EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%.
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are down 19% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Proto Labs' balance sheet and an in-depth analysis of the company's financial position.
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About NYSE:PRLB
Proto Labs
Operates as a digital manufacturer of custom parts in the United States and Europe.
Flawless balance sheet and good value.
