On-demand production
Record sales at Protolabs
The first quarter of 2018 ends with record revenue of $107.7 million for Protolabs, a leading provider of rapid on-demand manufacturing; a 34.4 percent increase in revenue compared to $80.2 million in the first quarter of the previous year.
A total of 18,057 individual project inquiries were processed by product developers and engineers in the first quarter of 2018; an increase of 22.0% compared to the first quarter of 2017. Net profit amounted to USD 18.1 million; or USD 0.66 earnings per share (diluted).
"We are very pleased to have started 2018 with the best results in Protolabs' history. With quarterly revenue of $107.7 million, we surpassed the $100 million mark for the first time," said Vicki Holt, President and CEO of Protolabs. "This quarter marks the first time we can include the full results of the Rapid Manufacturing acquisition, which added sheet metal fabrication and CNC processing to our product portfolio. The continued expansion of our offerings increases our value to customers and allows us to support more designers and engineers each quarter." kp
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