Proto Labs to close Japan manufacturing facility; expects $7M-$9.5M in restructuring charges

Proto Labs Inc

Total restructuring charges expected $7.0M-$9.5M: severance $2.5M-$3.5M, asset write-down $3.5M-$4.5M, goodwill $1.0M-$1.5M.
Approximately $4.0M of charges expected in Q2 2022; remaining incurred over next year.
Cash expenditures estimated at $3.0M-$4.0M, primarily for severance and employee costs.
Affected employees in Japan will receive severance and transition assistance meeting local requirements.

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