Proto Labs, Inc. (NYSE:PRLB) Q1 2023 Earnings Conference Call May 5, 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

Troy Jensen – Lake Street Capital Markets

Jim Ricchiuti – Needham

Brian Drab – William Blair

Greg Palm – Craig-Hallum

Ben Rose – Battle Road Research

Operator

Greetings. Welcome to the Proto Labs' Q1 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 your host, Jason Frankman, Vice President and Corporate Controller. You may begin.

Jason Frankman

Thank you, Shamolin, and welcome, everyone, to Proto Labs' first 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 first quarter ended March 31, 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 first quarter earnings call. I am pleased to share that this morning, we reported first quarter revenue and earnings above our guidance ranges. Amidst uncertain macroeconomic conditions, we performed above expectations. During the first quarter, we also continued to accelerate our innovation pipeline with multiple new launches to expand our customer offerings, capture additional share of wallet and gain new customers.