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To: Bill Harmond who wrote (57184)	7/24/2014 4:35:09 PM
From: Doren	Respond to of 57684

6:05 am Proto Labs beats by $0.03, beats on revs; also announced that Chief Financial Officer Jack Judd will retire ( PRLB) : Reports Q2 (Jun) earnings of $0.45 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.42; revenues rose 33.0% year/year to $52.87 mln vs the $51.34 mln consensus. Operating margin was 30.2 percent of revenue during the second quarter of 2014 compared to 31.8 percent during the second quarter of 2013. Gross margin was 61.8 percent of revenue during the second quarter of 2014 compared with 62.5 percent during the same quarter in 2013. The factory move of Firstcut operations to Plymouth, Minnesota, was completed in May on schedule.The company also announced that Chief Financial Officer Jack Judd will retire by the end of 2014. ----- Operating margin was probably down due to moving Firstcut which they acquired this year? Again my perception is they have pretty good management. They have a vision for their demographic. They're the missing link between designers/engineers making 3D models in their offices and large scale production in China. They do midscale production. Neither one off nor container sized orders.