XPEL, Inc. supplies protective films, coatings and related services for automotive aftermarket installers, new car dealerships and automobile OEM channels. Company updates commonly cover consolidated results, revenue by product and service category, gross margin, EBITDA, operating leverage and cash flow, with recurring detail on paint protection film, window film, cutbank credits, software and installation labor.
Updates also include product and brand activity such as COLOR Paint Protection Film, windshield protection film, PRIME Window Tint, ceramic coating applications, OEM or vehicle collaborations, manufacturing and supply-chain investment, international footprint development and board governance changes.
XPEL, Inc. (Nasdaq: XPEL) has partnered with Spring Mountain Motor Resort & Country Club to become the 'Official Paint Protection Film.' XPEL will install its ULTIMATE PLUS 10 film on Corvettes used in the Ron Fellows Performance Driving School. This 10 mil film protects various parts of the vehicle, ensuring durability and maintaining resale value. This initiative targets new Corvette C8 owners, providing exposure to XPEL's premium products and generating promotional buzz, thus aligning with the company’s growth strategy.
XPEL reported robust financial results for Q3 2020, achieving a 29.5% revenue increase to $46.1 million compared to Q3 2019. Net income surged 46.5% to $6.6 million, translating to $0.24 per share. EBITDA rose 50.5% to $9.0 million, accounting for 19.5% of revenues. For the first nine months, revenues increased 22.0% to $110.3 million, with net income reaching $12.2 million or $0.44 per share. The company also noted a cash increase to $27.2 million by September 30, 2020.
XPEL, a global leader in protective films and coatings, will host a conference call on November 11, 2020, at 11:00 a.m. ET to discuss its Q3 2020 results. Interested parties can access the live webcast on XPEL's investor relations website. Participants can join the call by phone, dialing in five minutes prior to the start time. A replay will be available until December 11, 2020, using the provided conference ID. XPEL specializes in automotive and architectural protective solutions and operates with a strong focus on customer satisfaction.
XPEL, Inc. has expanded its flagship product line, FUSION PLUSTM, to include new protective coatings for automotive surfaces and marine applications. The enhanced lineup features ceramic coatings for glass, wheels, brake calipers, upholstery, and plastic surfaces. The company aims to address the growing demand for surface protection while providing increased revenue opportunities for its global installer network. These products are currently available in North America, with global availability expected by November 2020.
XPEL, Inc. (Nasdaq: XPEL) has announced its agreement to acquire certain assets of France Auto Racing, a distributor of automotive paint protection film in France. This strategic acquisition aims to strengthen XPEL's presence in the underpenetrated French market. CEO Ryan Pape stated that the integration will involve additional account management and training personnel, enhancing customer service. The acquisition is anticipated to close in Q4, with terms undisclosed.
XPEL, Inc. (NASDAQ:XPEL) will present at the LD 500 investor conference on September 1, 2020, at 7:40 AM PST / 10:40 AM EST. The presentation will be led by Ryan Pape, President & CEO, and Barry Wood, CFO. A webcast of the event will be accessible online. Additionally, XPEL executives will hold virtual one-on-one meetings throughout the day. Attendees can register for these meetings through the LD Micro platform. The LD 500 conference runs from September 1 to 4, 2020, providing an opportunity for investors to connect with emerging companies virtually.