Protolabs reports another record quarter for 3D printing, awaits Rapid manufacturing performance

On demand digital manufacturing provider Proto Labs, Inc., headquartered in Maple Plain, Minnesota, has announced its financial earnings for the first quarter of 2019. With a headline revenue of $113.5 million for Q1 2019, the company was within its target growth guidance set in Q4 2018, attaining a 5.3% increase in revenue over Q1 2018 which was $107.7 million. The quarter was another record period for the 3D Printing segment of the business, however the company is still waiting for the expected revenue impact from its acquisition of Rapid Manufacturing.
Vicki Holt, President and Chief Executive Officer of Protolabs, comments, Protolabs reported another quarter of top-line growth with record revenue in our 3D printing and injection molding services. We had strong growth in Europe and Japan; however, we had some challenges with our sheet metal service and expanded CNC offering acquired with the Rapid Manufacturing transaction.