NYSE$PRLB

Proto Labs Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Proto Labs reported a revenue increase of 1.5% and GAAP EPS of $0.52 for the first quarter of 2020.

Proto Labs reported a 1.5% increase in revenue to $115.1 million for the first quarter of 2020. GAAP EPS was $0.52, and non-GAAP EPS was $0.61. The company experienced a slowdown in ordering activity in mid-March due to the global pandemic but saw increased orders for COVID-19 related parts.

  • Revenue for Q1 2020 was $115.1 million, a 1.5% increase compared to Q1 2019.
  • GAAP EPS for Q1 2020 was $0.52.
  • Non-GAAP EPS for Q1 2020 was $0.61.
  • Net income for Q1 2020 was $14.0 million.

Headline financials

Total Revenue

$115M

Previous: $113M+1.5%
EPS (adj)

$0.61

Previous: $0.69-11.6%
Capital Expenditures

-$13.4M

Previous: -$12.7M-5.4%
Free Cash Flow

$563K

Previous: $2.78M-79.7%
Net Income

$14M

Previous: $15.5M-9.8%
Operating Income

$16.8M

Previous: $19.4M-13.5%
Gross Profit

$58.1M

Previous: $58.9M-1.3%
Cash & Equivalents

$167M

Previous: $85.4M+95.9%
Total Assets

$678M

Previous: $619M+9.6%
Stock-Based Comp

$3.03M

Previous: $3.04M-0.2%

Revenue & EPS history

Proto Labs · Revenue · Quarterly

$115M

Q1 2020+1.5%vs Q1 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Proto Labs · $115M total across 5 segments · Q1 2020

  • Injection Molding
    $46.4M
  • CNC Machining
    $44.9M
  • 3D Printing
    $14.9M
  • Sheet Metal
    $6.5M
  • Other Revenue
    $2.4M

Forward guidance

The ultimate financial impact of the COVID-19 pandemic is unknown at this time. The company will continue to monitor demand levels and prudently manage expenses.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.1%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+0.1%

Avg return

30 days after

51%

31 / 61 earnings

Positive

+37.2%

Q3 2023

Best reaction

-31.3%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%+6.3%+16.8%
Q4 2025+28.0%+28.0%+9.3%
Q3 2025+0.1%-6.1%-4.2%
Q1 2025+6.2%+8.0%+3.3%
Q4 2024-6.3%-1.5%-14.4%
Q3 2024+23.6%+43.9%+50.3%
Q2 2024-14.5%-17.7%-8.8%
Q1 2024+0.8%+1.8%-0.5%
Q4 2023-4.7%-6.7%+1.0%
Q3 2023+37.2%+37.7%+52.3%
Q2 2023-8.5%-11.2%-5.5%
Q1 2023+9.1%+10.9%+17.7%
Q4 2022+12.5%+11.6%+7.5%
Q3 2022-31.3%-38.1%-27.5%
Q2 2022-10.4%-11.3%-26.5%
Q1 2022-1.5%-7.7%+11.8%
Q4 2021+3.7%+10.4%-4.9%
Q3 2021-18.9%-18.2%-31.2%
Q2 2021-7.2%-7.1%-14.1%
Q1 2021-0.9%-6.1%-13.6%
Q4 2020-10.1%-9.6%-32.8%
Q3 2020+0.5%+5.7%+18.1%
Q2 2020-12.2%-12.9%-1.1%
Q1 2020-5.1%-2.3%+28.2%
Q4 2019-15.7%-12.4%-25.6%
Q3 2019-10.3%-8.0%-9.9%
Q2 2019-1.7%-3.0%-16.4%
Q1 2019-9.9%-6.3%-13.7%
Q4 2018-20.4%-20.0%-18.7%
Q3 2018+2.2%+5.1%+6.1%
Q2 2018-6.7%-9.2%+7.0%
Q1 2018+1.0%+0.1%+0.3%
Q4 2017-1.3%-0.8%+10.8%
Q3 2017+6.6%+6.4%+12.7%
Q2 2017+2.7%+5.0%-2.1%
Q1 2017+7.3%+9.5%+18.4%
Q4 2016+15.1%+10.9%+0.7%
Q3 2016-13.6%-12.1%+7.5%
Q2 2016-10.3%-11.1%-4.2%
Q1 2016-26.4%
Q4 2015+11.3%
Q3 2015+2.8%
Q2 2015+11.4%
Q1 2015-4.1%
Q4 2014+13.4%
Q3 2014-11.4%
Q2 2014+3.7%
Q1 2014+4.1%
Q4 2010-1.6%
Q4 2013-3.9%
Q3 2013-0.1%
Q2 2013+1.4%
Q1 2013+1.6%
Q4 2012+15.4%
Q3 2011-2.7%
Q3 2012+19.2%
Q2 2011+10.6%
Q2 2012-1.4%
Q1 2011+3.7%
Q4 2011+3.7%
Q1 2012+7.4%
Q3 2010
Q2 2010
Q1 2010

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