NYSE$PRLB

Proto Labs Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported financial results with a slight decrease in revenue but strong cash generation.

Proto Labs reported a slight decrease in revenue for Q4 2019 compared to Q4 2018, but highlighted its strong cash generation and healthy balance sheet. The company served a higher number of unique product developers and engineers. They are focusing on strategic investments for long-term business performance.

  • Revenue for the fourth quarter of 2019 was $111.9 million, a 0.8 percent decrease compared to Q4 2018.
  • The number of unique product developers and engineers served totaled 20,595, a 0.9 percent increase over the fourth quarter of 2018.
  • Net income for the fourth quarter of 2019 was $15.2 million, or $0.56 per diluted share.
  • The company generated $32.3 million in cash from operations during the fourth quarter of 2019.

Headline financials

Total Revenue

$112M

Previous: $113M-0.8%
EPS (adj)

$0.63

Previous: $0.74-14.9%
EBITDA

$27M

No prior period
Adjusted EBITDA

$28.3M

No prior period
Non-GAAP Operating Margin

19.2%

No prior period
Capital Expenditures

$16.1M

Previous: $25.2M-36.2%
Free Cash Flow

$16.2M

Previous: $12.8M+26.9%
Net Income

$15.2M

Previous: $19.3M-21.2%
Operating Income

$19.6M

Previous: $20.2M-2.8%
Gross Profit

$56.6M

Previous: $59.2M-4.3%
Cash & Equivalents

$174M

Previous: $85M+104.1%
Total Assets

$674M

Previous: $619M+8.8%
Stock-Based Comp

$1.04M

Previous: $2.94M-64.5%

Revenue & EPS history

Proto Labs · Revenue · Quarterly

$112M

Q4 2019-0.8%vs Q4 2018
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Proto Labs · $131M total across 4 segments · Q3 2023

  • CNC Machining
    $52.9M
  • Injection Molding
    $51.7M
  • 3D Printing
    $21.6M
  • Sheet Metal
    $4.29M

Forward guidance

Proto Labs is excited about enhancements to its e-commerce platform and back-end support systems, called Protolabs 2.0, to support customers and strategy for the next decade and beyond.

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 Q4 2019

Historical avgQ4 2019

-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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