Proto Labs increases stock repurchase authorization by $50M to $150M total

Proto Labs Inc

Board approved $50M increase on Dec 8, 2021; total authorization now $150M through Dec 31, 2023.
As of Dec 7, 2021, company had repurchased $87M, leaving $63M available under expanded program.
Capital allocation strategy unchanged: prioritize organic investment, R&D, M&A, then opportunistic buybacks.

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