Proto Labs reports solid growth in second quarter 2016

August 12, 2016

Proto Labs, Inc. (NYSE:PRLB), has reported that revenue for the second quarter of 2016 (ending June 30 2016) was $75.0 million, some 17% above 2015 figures for the same period. Alphaform, the German company acquired in the fourth quarter of 2015, contributed $4.8 million in revenue in the second quarter. Excluding this contribution, legacy revenue totalled $70.2 million, an increase of 10% compared with the second quarter of 2015.

Revenue from 3D printing totalled $9.1 million. Excluding Alphaform’s $2.1 million in 3D printing revenue, legacy 3D printing revenue was $7.0 million, an increase of 29% from the 2015 second quarter. The number of unique product developers and engineers served increased 14% to 13,519 from 11,822 in the second quarter of 2015.

Net income for the second quarter of 2016 was stated as $10.7 million.

“Revenue growth was solid in the second quarter, driven by continued strong growth in 3D printing, strength in our European markets, and the contribution from Alphaform,” stated Vicki Holt, President and Chief Executive Officer. “We were also pleased with the legacy growth in Europe in the quarter, which grew 24% and we saw an improved performance in Japan with a revenue increase of 46% year over year. In the Americas, we experienced slower than expected growth in injection moulding and CNC machining. This was primarily due to a slowdown in the US industrial economy as well as attrition in sales leadership.”

“During the quarter, we improved our gross margins in both our legacy operations as well as in our Alphaform business. We are also beginning to see traction from our expanded sales and marketing efforts of 3D printing in Europe and anticipate this business will continue to grow throughout the year.”

“Over the next several quarters, we will be focused on driving actions to improve our sales performance and efficiency through our operations and we expect to see improvement in sales growth, especially in the Americas, over time. We remain confident in the fundamentals in our business – our market size, differentiated proposition and excellent customer experience,” concluded Holt.

Download the latest issue of Metal AM magazine

Our latest issue is now available to view online or download in PDF format.

As well as an extensive AM industry news section, this 184-page issue includes articles and reports on:

  • Cheaper powders, faster build speeds and no thermal stresses? How AM is going supersonic at SPEE3D
  • Current perspectives on metal AM: Hype, volume manufacturing and the geographies of production
  • AM Ventures: An insider’s perspective on venture capital for start-ups in Additive Manufacturing
  • Binder Jetting and beyond: Optimising the use of metal powders for Additive Manufacturing
  • From lightweighting and material efficiency to energy consumption: Where are we on AM’s sustainability journey?
  • AM’s industrial impact celebrated as Sweden hosts ASMET’s fourth Metal Additive Manufacturing Conference
  • Euro PM2019: Effects of humidity and storage conditions on Additive Manufacturing powder quality
  • > More information

Latest news


    Sign up to our e-newsletter, sent weekly to AM professionals and end-users around the world. We'll also let you know each time a new issue of Metal AM magazine is available.

    Discover our magazine archive…

    The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:
    • Reports on visits to leading metal AM part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news
    All past issues are available to download in PDF format, in either single page format or as double-page “spreads” for viewing on large monitors. All downloads are free of charge. Go to archive...

    Connect with us

    Visit our social media channels and sign up to our e-newsletter

    Copy link
    Powered by Social Snap