Protolabs Q3 revenue falls 3.9% to $125.6 million; GAAP EPS $0.29 vs. $0.31
Proto Labs reported third quarter 2024 revenue of $125.6 million, down 3.9% from $130.7 million a year earlier, with GAAP diluted earnings of $0.29 per share versus $0.31. It also gave a fourth quarter 2024 revenue outlook of $115 million to $123 million and GAAP diluted EPS of $0.10 to $0.18. For shareholders, the headline revenue and profit measures both declined year over year, and the company said it generated $24.8 million in operating cash flow in the quarter.
Key points
- Q3 2024 revenue was $125.6 million, down 3.9% from $130.7 million in Q3 2023.
- Q3 2024 GAAP net income was $7.2 million, or $0.29 per diluted share, versus $8.0 million, or $0.31, a year earlier.
- Q3 2024 Adjusted EBITDA was $21.9 million, or 17.4% of revenue, versus $23.9 million, or 18.3%, in Q3 2023.
- Q4 2024 outlook: revenue of $115 million to $123 million and GAAP diluted EPS of $0.10 to $0.18.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.