Proto Labs, Facebook make first appearances on ranking
MAPLE PLAIN, Minn.--Proto Labs, Inc. (NYSE:PRLB) has been named to Fortune Magazine's 2015 100 Fastest-Growing Companies List, the magazine's annual compilation of public companies with the best three-year profit, revenue and stock growth.
A global, rapid manufacturer of custom prototypes and low-volume production parts, Proto Labs ranks 75th on Fortune's list, and is the only Minnesota company to make the cut.
Proto Labs joins Facebook as first-timers to the rankings. This was the first year Proto Labs was eligible to make the list, given that Fortune only reviews public companies that have been trading continuously since June 20, 2012. Proto Labs went public in February of 2012. Other familiar brands on Fortune's list this year include Skechers (No. 21), Netflix (No. 46) and Under Armour (No. 62). Lannett, a Philadelphia-based pharmaceuticals company, was named No. 1.
"Our growth has been spurred by increased penetration of the product developer market space, the addition of additive manufacturing 18 months ago and the organic launch of five other manufacturing processes and envelope expansions over the past two years," says Vicki Holt, Proto Labs President and CEO. "Of course, at the foundation of all of this growth is the exceptional work of our employees."
Fortune used Proto Labs' data for the 12 months ended March 31, 2015, including revenue of $222 million. Proto Labs' growth numbers include: three-year annual Earnings Per Share (EPS) growth rate of 36 percent; three-year annual revenue growth rate of 28 percent; and three-year annualized total return of 33 percent.
About Proto Labs
Proto Labs is the world's fastest digital manufacturing source for custom prototypes and low-volume production parts. The technology-enabled company uses advanced 3D printing, CNC machining and injection molding technologies to produce parts within days. The result is an unprecedented speed-to-market value for product designers and engineers worldwide. Visit protolabs.com for more information.