Q2 2025 Proto Labs Inc Earnings Call Transcript
Key Points
- Proto Labs Inc (PRLB) delivered record revenue of $135.1 million in the second quarter, exceeding expectations.
- The company saw a 44% growth in customers utilizing their combined offer over the trailing 12 months.
- Revenue per customer increased by 11% year over year, indicating strong customer engagement.
- The metal 3D Printing service in Raleigh, North Carolina received ISO 13,485 certification, enhancing credibility in the medical device manufacturing sector.
- Proto Labs Inc (PRLB) continues to generate healthy cash flows, allowing for ongoing investments in growth and innovation.
- Injection Molding revenue declined by 4% year over year, with noted weakness in the medical sector.
- 3D Printing revenue was down 1% year over year, reflecting continued weakness in prototyping.
- European revenue declined by 15% in constant currencies, indicating challenges in the region.
- Tariffs and changing trade policies created short-term margin pressures, impacting profitability.
- Gross margin was down 90 basis points year over year, driven by higher growth in network revenue and lower US network margins due to tariffs.
Ladies and gentlemen, good morning and welcome to the Proto Labs' second quarter 2025 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host Jason Frankman, VP and corporate controller. Please go ahead, sir.
Thank you, Ryan. Good morning, everyone, and welcome to Proto Labs' second quarter 2025 earnings conference call. I'm joined today by Suresh Krishna, President and Chief Executive Officer, and Dan Schumacher, Chief Financial Officer.
This morning, Proto Labs issued a press release announcing its financial results for the second quarter ended June 30, 2025. The release is available on the company's website.
In addition, a prepared slide presentation is available online at the web address provided in our press release.
Our discussion today will include statements relating to future performance and expectations that are or may be considered forward-looking
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