Proto Labs Sees Record Revenue Amid Manufacturing Boom

Proto Labs achieved a record second-quarter revenue of $149.3 million, marking a 10.2% increase in constant currency year-over-year. This performance was bolstered by robust demand in its CNC machining and injection molding service lines. Management has consequently raised its full-year growth projections.

The company's largest service, CNC machining, saw a 13.1% growth in constant currency, fueled by strong demand from aerospace and defense clients involved in space exploration and satellite projects. Injection molding revenue accelerated by 12.9% in constant currency.

This acceleration was attributed to broader end-market strength and larger orders, particularly from the telecommunications sector for data center needs and continued activity in aerospace and defense. Proto Labs highlighted progress in its European commercial transformation and noted a 17% increase in revenue per customer.