Proto Labs Inc. is sharpening its focus on Hubs, the Amsterdam-based manufacturing network it acquired in 2021. Now rebranded as the Protolabs Network, the network of over 250 manufacturers has a new global brand for selling such digital manufacturing services as 3D printing and injection molding.
“We’re building a business model that the manufacturing industry has never seen before, and customers are beginning to harness the full potential it offers,” says Rob Bodor, Protolabs’ president and CEO. “In the third quarter of 2023 alone, revenue fulfilled through Protolabs Network increased over 80% year over year.”
“This is the future of the industry — manufacturing that is completely tailored to what customers need, when they need it, and at the price point they want,” said Pjotr Horowitz, managing director for Protolabs Network. “It’s exciting to be on the frontlines driving that evolution.”
Protolabs says it reached record Q3 revenue of $23 million in the Hubs network business, as Protolabs total revenue grew 7.1% to an all-time high $130.7 million.
Protolabs’ services include:
- Injection molding
- 3D printing
- Sheet metal
- CNC machining
CNC machining is a manufacturing process in which pre-programmed applications dictate the movement of factory tools and machinery. The process enables three-dimensional cutting tasks to be accomplished in a single set of prompts.
Paul Demery is a Digital Commerce 360 contributing editor covering B2B digital commerce technology and strategy. paul@digitalcommerce360.com.
Percentage changes may not align exactly with dollar figures due to rounding. Check back for more earnings reports. Here’s last quarter’s Protolabs update.
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