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Protolabs (NYSE: PRLB) financial results for the fourth quarter and full year 2017 report a record turnover for the Minnesota headquartered on-demand manufacturer.
With expertise in CNC milling, injection molding and 3D printing, the leading digital enterprise turned over $94.2 million in Q4 2017, a 30.2% increase on revenue of $72.4 million in the same period in 2016 (three months ending December 31). For the full year in total, the company reported headline revenue of $344.5 million, a 15.6% increase on 2016’s end of year revenue which was $298.1 million.
Vicki - Holt - President - Chief - Executive
Vicki Holt, President and Chief Executive Officer of Protolabs comments, “Protolabs continues to demonstrate its ability to provide solutions to our customers to help them accelerate product development, reduce risk and optimize supply chains by delivering custom parts at unprecedented speeds,”
“THE FOURTH QUARTER WAS A STRONG ENDING TO A GREAT YEAR. DURING THE QUARTER, WE DELIVERED DOUBLE-DIGIT REVENUE GROWTH IN EACH OF OUR SERVICES AND IN EACH OF OUR REGIONS ON A CONSTANT CURRENCY BASIS.”
Digit - Growth - Business - Segments
Double digit growth across all business segments
Protolabs’ rapid manufacturing business revenue is split by five categories: Injection Molding, CNC Machining, 3D Printing, Sheet Metal, and Other.
Injection - Portion - Protalabs - Business - Revenue
Injection Molding represents the largest portion of Protalabs’ business, with an annual revenue of $194.4 million. CNC Machining is the second most lucrative business, with annual FY 2017 turnover of $103.7 million, and incidentally the leading growth for the year, up by 27% on revenue for the same three months ending December 31 2016.
3D Printing for the three months ended December 31 2017, generated a revenue of $11.3 million (GAAP), up by over $1.4 million in revenue for the same period in 2016 which was $9.8 million. For the full year, the 3D Printing segment reported a revenue of...
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