Proto Labs (PRLB) Q4 2025 Earnings Call Transcript

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Fri, February 6, 2026 astatine 8:38 AM CST 27 min read

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Friday, February 6, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — Suresh Krishna

• Chief Financial Officer — Dan Schumacher

Suresh Krishna: Thanks, Ryan. Good morning, everyone, and convey you for joining our 4th fourth and afloat twelvemonth net call. I americium pleased to stock our beardown fiscal show successful 2025 and outline our strategical priorities arsenic we determination into 2026. Eight months into this role, I've spent important clip with customers, engineers, operators, and investors. What's go wide is that Proto Labs has exceptional assets and marketplace relevance, but successful caller years, we haven't afloat translated that into accordant execution. The results this 4th are an aboriginal denotation of what's imaginable erstwhile we align execution astir the close priorities. We finished the twelvemonth with wide momentum delivering double-digit year-over-year maturation and different grounds gross quarter.

In changeless currencies, 4th fourth gross accrued 11% and afloat twelvemonth gross grew 6%, representing Proto Labs' strongest quarterly and yearly integrated maturation complaint since 2018. Revenues per lawsuit grew 13% successful 2025, demonstrating large occurrence connected a cardinal priority. In addition, we delivered year-over-year maturation successful net and generated different beardown currency flow, reinforcing the spot of our concern model. This was fueled by exceptional request for CNC machining and expanse metal, which some delivered double-digit maturation successful 2025. In fact, US CNC gross grew 25% successful 2025. I'd similar to convey Mark Dursa, our Senior Director of CNC Operations, and his squad for their exceptional execution successful delivering connected robust CNC demand.

Innovation-driven industries similar drones, abstraction exploration, satellites, and robotics proceed to trust connected Proto Labs arsenic a captious partner. We besides spot beardown momentum successful information centers, different high-growth marketplace wherever Proto Labs enables faster execution for customers similar Amphenol and CommScope, leaders successful information halfway infrastructure solutions. These are well-funded and long-cycle markets wherever our integer manufacturing exemplary creates a durable, competitory vantage and has america well-positioned for 2026. Our fiscal results bespeak Proto Labs' advancement successful improving the lawsuit experience, strengthening lawsuit relationships, and executing with speed, focus, and discipline. As a effect of our beardown decorativeness successful 2025, we've entered 2026 from a presumption of spot with wide momentum and increasing assurance successful the opportunities ahead.