Proto Labs, Inc. has announced the appointment of Suresh Krishna as its new President and Chief Executive Officer. Suresh Krishna brings with him a 30-year track record of overseeing profitable growth and shareholder value creation at manufacturing companies.
The company also reaffirmed its previously provided outlook for the second quarter of 2025. In this quarter, Proto Labs expects to generate revenue between $124.0 million and $132.0 million.
Additionally, the company expects second-quarter 2025 diluted net income per share between $0.11 and $0.19, and non-GAAP diluted net income per share between $0.30 and $0.38. This reaffirmation indicates the company's continued confidence in its financial performance for the upcoming quarter.
Suresh Krishna's appointment and the reaffirmation of the second-quarter outlook come as the company aims to expand its offerings and gain a larger share of the $100 billion digital manufacturing market. Krishna's experience and leadership are expected to drive the company's growth, customer loyalty, and share, while accelerating the execution of production expansion initiatives.
The company's board believes that with the solid foundation established under the previous leadership, Proto Labs is well-prepared to enter its next phase of growth. This move reflects the company's commitment to advancing its winning strategy and delivering results.
Suresh Krishna's appointment and the reaffirmation of the second-quarter outlook signal a significant period of change and growth for Proto Labs, underpinning the company's vision to become a major player in the digital manufacturing market. Today the company's shares have moved -2.78% to a price of $39.735. Check out the company's full 8-K submission here.
