Proto Labs, Inc. (NYSE:PRLB) Q4 2023 Earnings Conference Call February 9, 2024 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

Brian Drab - William Blair

James Ricchiuti - Needham and Company

Greg Palm - Craig Hallum Capital

Operator

Greetings. Welcome to Proto Labs Fourth 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.

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

Jason Frankman

Thank you, Rob and welcome everyone, to Proto Labs’ fourth quarter and full year 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 fourth quarter and full year ended December 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 fourth quarter and full year 2023 earnings call. We continue to execute well on our priorities through the fourth quarter, resulting in a record year and strong financial and operational results. For the full year 2023, we generated revenue above $500 million for the first time in ProtoLabs' 25-year history, while delivering improved earnings, robust cash flow, and returning substantial capital to shareholders.