Proto Labs, Inc. (NYSE:PRLB) Q3 2023 Earnings Conference Call November 3, 2023 8:30 AM ET

Company Participants

Jason Frankman - Vice President and Corporate Controller

Rob Bodor - President and Chief Executive Officer

Dan Schumacher - Chief Financial Officer

Conference Call Participants

James Ricchiuti - Needham and Company

Greg Palm - Craig Hallum Capital Group

Brian Drab - William Blair

Ben Rose - Battle Road Research

Operator

Greetings and welcome to Proto Labs Third Quarter Fiscal Year 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to Jason Frankman, Vice President and Corporate Controller. Thank you, you may begin.

Jason Frankman

Thank you, Jerry [ph] and welcome everyone, to Proto Labs’ third quarter 2023 earnings conference call. I’m joined today by Rob Bodor, Proto Lab’s 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 third quarter ended September 30, 2023. 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 statements and subject to many risks and uncertainties that could cause actual results to differ materially from expectations. Please refer to our earnings press release and recent SEC filings, including our annual report on Form 10-K for information on certain risks that could cause actual outcomes to differ materially and adversely from any forward-looking statements made today.

The results and guidance we will discuss include non-GAAP financial measures consistent with our past practice. Please refer to our press release and the accompanying slide presentation at the Investor Relations section of our company website for a complete reconciliation of GAAP to non-GAAP results.

Now, I will turn the call over to Rob Bodor. Rob?

Rob Bodor

Thanks, Jason. Good morning, everyone, and thank you for joining our third quarter earnings call. Proto Labs had an excellent third quarter. From a financial perspective, I am very pleased with our results, which surpassed our expectations on the top and bottom line. In the third quarter, we generated record revenue, improved profitability, generated substantial cash flow and returned capital to shareholders.