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PRLB $31.06

PRLB target price
31.06
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Proto Labs
Formerly called
The ProtoMold Company
Traded as NYSE: PRLB
S&P 600 Component
Founded 1999
Founder Larry Lukis
Headquarters Maple Plain, MN, United States
Area served
USA, England, Japan, Spain, France, Germany, Italy
Key people
Larry Lukis
Vicki Holt (CEO)
Products Injection-molded parts for printers
Revenue $298 million (2016)
Number of employees
1000 (2014)
Website www.protolabs.com

Proto Labs is a company that provides rapid manufacturing of low-volume 3-D printed, CNC-machined and injection-molded custom parts for prototyping and short-run production. Markets like medical devices, electronics, appliances, automotive and consumer products use these parts. Proto Labs' headquarters and manufacturing facilities are located in Maple Plain, Minnesota. The company also has manufacturing facilities in England and Japan.

In 1999, Larry Lukis founded the Protomold Company, Inc., that specialized in the quick-turn manufacture of custom plastic injection molded parts. Protomold was recognized for its small batch molded parts and rush orders. He previously ran ColorSpan, an original equipment manufacturer that produces printers and desktop publishing systems. He was the chief technology officer of Protomold. Later, in 2001, Brad Cleveland joined Protomold as CEO and president.

In 2005, Protomold opened up its first UK plant in Telford, England. Two years later, Protomold introduced the Firstcut quick-turn CNC machining service. In 2009, the company combined its Protomold and Firstcut services under its corporate name, Proto Labs Inc., and Proto Labs opened a location in Japan to serve Japanese design engineers.

In 2009, Firstcut, a service from Proto Labs, made available CNC-machined prototype parts made of aluminum, as well as ABS, nylon, and PEEK. In February 2012, Proto Labs completed its initial public offering of common stock.

In 2013, Proto Labs reached $150 million in revenue. In 2014, Proto Labs acquired the North Carolina-based 3-D printing company, FineLine Prototyping Inc. In fall 2016, Proto Labs' 3D printing services moved to a new 77,000 sq. ft. facility in Cary, North Carolina. The company also opened a plant in Plymouth, Minnesota.

In February 2014, Vicki Holt was named CEO. She was hired to help Proto Labs become a billion dollar manufacturing company. Holt is expanding Proto Labs into the medical equipment markets and the lighting industry.

Proto Labs is the world's fastest digital manufacturing source for rapid prototypes and on-demand production parts. The technology-enabled company uses 3D printing, CNC machining, and injection molding technologies to produce parts within days. The result is an unprecedented speed-to-market value for designers and engineers and an on-demand resource throughout a product’s life cycle.

Product developers can upload a 3D CAD model online and receive an interactive quote with design feedback and pricing information within hours. The manufacturability analysis helps customers eliminate potential problems like sink or walls that are too thin or thick. Once a part design is ready and a quote approved, production of 3D-printed, machined or injection-molded parts begins.

3D PRINTING

Industrial 3D printing uses additive manufacturing technologies to create extremely accurate and repeatable prototypes, from small parts with complex geometries to large, precise patterns. 3D-printed parts are built by rapid stereolithography, selective laser sintering and direct metal laser sintering processes, and in a range a plastics and metals. Also, now offering PolyJet, which uses a jetting process where small droplets of liquid photopolymer are sprayed from multiple jets onto a build platform and cured layer by layer.

CNC MACHINING

CNC machining works well for smaller quantities of less than 200 parts. Milling and turning processes are used to machine engineering-grade plastic and metal parts for prototyping and production. Machined parts are well-suited for functional testing, jigs and fixtures, and small quantities of production components.

INJECTION MOLDING

Injection molding is used for on-demand prototyping, bridge tooling, and low-volume production of up to 10,000+ parts. More than 100 thermoplastic and liquid silicone rubber materials are available. In 2016, the company enhanced its injection molding service with the introduction of overmolding and insert molding.

In 2011, Proto Labs launched the Cool Idea! Award program. It awards a total of up to $250,000 each year in services to entrepreneurs with innovative product ideas in the United States and Europe.

In 2004, the Minneapolis/St Paul Business Journal named Protomold Inc. to the top of its “Growth 50” list.

In 2010 and 2013, Proto Labs was awarded the Queen’s Award for Enterprise.

In June 2012, Larry Lukis and Brad Cleveland won the Ernst & Young Entrepreneur of the Year award for their work with Proto Labs, Inc.

In 2013 and 2014, Proto Labs was recognized by Forbes in the top 5 of America's Best Small Companies.

In 2015, Proto Labs was recognized as one of the top-ranked rapid prototyping vendors in the United States by their customers.

In 2016, Workplace Dynamics recognized Proto Labs as a top-ranked workplace in Minnesota

In 2016, the Minnesota High Tech Association awarded Proto Labs with a Tekne award for its work in advanced manufacturing.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-26 Future report Set alerts
Q2 2022 2022-08-05 0.46 0.46
Q1 2022 2022-05-06 0.38 0.38
Q4 2021 2022-02-11 0.41 0.41
Q3 2021 2021-10-28 0.35 0.35
Q2 2021 2021-07-29 0.39 0.39
Q1 2021 2021-05-06 0.40 0.40
Q4 2020 2021-02-12 0.50 0.50
Q3 2020 2020-10-29 0.00 0.00
Q2 2020 2020-07-28 0.59 0.47

Ratings

2016-06-06 Reiterated Rating FBR & Co. Buy
2016-06-06 Reiterated Rating FBR & Co Buy
2016-06-05 Reiterated Rating Pacific Crest Equal Weight
2016-05-16 Reiterated Rating Canaccord Genuity Buy
2016-05-11 Initiated Coverage FBR & Co. Outperform $80.00
2016-05-10 Reiterated Rating FBR & Co. Outperform
2016-04-29 Reiterated Rating Jefferies Group Hold $68.00
2016-04-29 Downgrade Stephens Overweight to Equal Weight
2016-02-04 Reiterated Rating Canaccord Genuity Buy $75.00
2016-01-21 Reiterated Rating Canaccord Genuity Buy $75.00
2015-10-25 Reiterated Rating Canaccord Genuity Buy $75.00
2015-10-15 Lower Price Target Piper Jaffray Neutral $73.00 to $71.00
2015-10-15 Upgrade Canaccord Genuity Hold to Buy $75.00
2015-10-15 Lower Price Target Piper Jaffray Cos. Neutral $73.00 to $71.00
2015-09-24 Reiterated Rating Piper Jaffray Hold
2015-09-11 Reiterated Rating William Blair Outperform
2015-08-26 Reiterated Rating Oppenheimer Outperform $95.00 to $88.00
2015-08-26 Reiterated Rating Oppenheimer Holdings Inc. Outperform $95.00 to $88.00
2015-08-18 Reiterated Rating Oppenheimer Outperform $95.00
2015-08-14 Reiterated Rating Canaccord Genuity Hold $75.00
2015-07-23 Reiterated Rating Canaccord Genuity Hold $75.00
2015-04-24 Downgrade Craig Hallum Buy to Hold $74.00
2015-04-24 Downgrade Piper Jaffray Overweight to Neutral $72.00 to $73.00
2015-04-23 Downgrade Canaccord Genuity Buy to Hold $85.00 to $75.00
2015-04-20 Downgrade Needham & Company LLC Buy to Hold
2015-03-12 Initiated Coverage Tigress Financial Buy
2015-02-19 Initiated Coverage Pacific Crest Sector Perform
2014-12-17 Initiated Coverage Oppenheimer Outperform $85.00
2014-10-16 Upgrade Stephens Equal Weight to Overweight
2014-10-03 Initiated Coverage Morgan Stanley Equal Weight $70.00
2014-10-03 Upgrade Canaccord Genuity Hold to Buy $85.00
2014-07-28 Boost Price Target Jefferies Group Hold $75.00 to $80.00
2014-06-20 Boost Price Target Jefferies Group Hold $75.00
2014-06-18 Initiated Canaccord Genuity Hold $85
2014-06-17 Initiated Coverage Canaccord Genuity Hold $85.00
2014-05-02 Lower Price Target Piper Jaffray $90.00 to $78.00
2013-11-01 Boost Price Target Needham & Company LLC Buy $68.00 to $90.00
2013-11-01 Boost Price Target Jefferies Group Hold $65.00 to $85.00
2013-11-01 Boost Price Target Janney Montgomery Scott Buy $72.00 to $92.00
2012-09-07 Initiated Needham Buy $38
2016-06-06 Reiterated Rating FBR & Co. Buy
2016-06-06 Reiterated Rating FBR & Co Buy
2016-06-05 Reiterated Rating Pacific Crest Equal Weight
2016-05-16 Reiterated Rating Canaccord Genuity Buy
2016-05-11 Initiated Coverage FBR & Co. Outperform $80.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
NBGE Manager, LLC 7.79%  (2004290) PRLB /
LUKIS LAWRENCE J Chairman & Chief Tchnlgy Offcr 7.32%  (1881840) PRLB /
LOFTUS MARGARET A 0.26%  (66012) DTLK / PRLB /
HOLT VICTORIA M President and CEO 0.17%  (44874) PRLB / WM /
WAY JOHN Chief Financial Officer 0.10%  (25503) PRLB /
Bodor Robert Chief Technology Officer 0.08%  (19755) PRLB /
Baker Arthur R. III Chief Technology Officer 0.06%  (16546) MTSC / PRLB /
Tumelty John B. Managing Dir.-Proto Labs, Ltd. 0.06%  (16195) PRLB /
WEHRWEIN SVEN 0.05%  (11814) ATRC / ISNS / PRLB / SPSC / UPI / VSCI /
Gawlick Rainer 0.04%  (11225) IL / PRGS / PRLB /
Schneider Jacqueline D. VP Sales & Customer Service 0.04%  (10827) PRLB /
Goodman John B 0.04%  (10514) PRLB /
FEIN DAVID M Chief Revenue Officer 0.04%  (10339) PMCS / PRLB /
KINGSLEY DOUGLAS A 0.04%  (9330) PRLB /
KOHRS DOUGLAS W 0.02%  (4783) PRLB /
Smith Brian K 0.02%  (4778) PRLB /
Black Archie C. 0.02%  (4737) PRLB / SPSC /
KRANTZ DONALD G Chief Operating Officer 0.01%  (3172) PRLB /
Chand Sujeet 0.01%  (3172) PRLB / ROK /
JUDD JOHN R Chief Financial Officer 0.01%  (2230) PRLB /