Proto Labs Inc

NYSE:PRLB  
48.32
+0.48 (+1.00%)
Earnings Announcements

Proto Labs - On May 27, Board Approved A Plan For Closure Of Co's Manufacturing Facility In Japan

Published: 05/31/2022 11:55 GMT
Proto Labs Inc (PRLB) - Proto Labs - on May 27, Board Approved a Plan for Closure of Co's Manufacturing Facility in Japan and an Intention to Cease Operations in Region.
Proto Labs Inc - Affected Employees in Japan Will Receive Severance and Other Transition Assistance That Meet Or Exceed Local Requirements.
Proto Labs Inc - Expects to Substantially Complete Closure Plan Within Next Year.
Proto Labs Inc - Approved Plan is Expected to Lead to Total Restructuring Charges in Range of $7.0 Million to $9.5 Million.
Proto Labs Inc - Expects to Incur Approximately $4.0 Million of Total Restructuring Charge in Q2 of 2022.
Proto Labs Inc - Total Cash Expenditures Associated With Plan Are Expected to Be in Range of $3.0 Million to $4.0 Million.
Revenue is expected to be $127.92 Million
Adjusted EPS is expected to be $0.39

Next Quarter Revenue Guidance is expected to be $133.4 Million
Next Quarter EPS Guidance is expected to be $0.44

More details on our Analysts Page.