Welcome to our dedicated page for Xpel news (Ticker: XPEL), a resource for investors and traders seeking the latest updates and insights on Xpel stock.
XPEL, Inc. (Nasdaq: XPEL) is a global provider of protective films and coatings, with a focus on automotive paint protection film, surface protection film, automotive and architectural window films, ceramic coatings and related services. The XPEL news page on Stock Titan aggregates company announcements, press releases and other updates so readers can follow how the business and its products are developing over time.
Recent company news has included quarterly financial results, commentary on revenue growth and profitability, and details on product and service revenue trends. XPEL regularly reports on product revenue, service revenue, window film revenue and installation revenue, as well as geographic revenue contributions from regions such as the United States, Canada, China, other parts of Asia, Europe, the Middle East, Africa and Latin America. These updates give investors and observers insight into how demand for XPEL’s protective films and coatings is evolving across markets.
Product-focused news has highlighted launches such as COLOR Paint Protection Film (PPF), a color-changing paint protection film available in 16 colors, and communications about PRIME automotive window film and solar window films for homes and offices. XPEL also issues news about its participation in industry events, live product demonstrations and collaborations with partners in automotive and motorsports.
Corporate news items cover topics such as stock repurchase program authorizations, acquisitions like the purchase of assets of its exclusive aftermarket distributor in China, and conference call announcements for quarterly results. By following XPEL news, readers can track financial performance, product introductions, geographic expansion and capital allocation decisions in one place.
XPEL, Inc. (Nasdaq: XPEL) has partnered with BMW of North America to protect the all-new BMW X3 M50 for the 2024 Rebelle Rally, the longest off-road competition in the United States. An all-female XPEL team installed protective products on the vehicle, including STEALTH satin paint protection film, PRIME XR PLUS nano-ceramic window film, and FUSION PLUS ceramic coating.
The Rebelle Rally, taking place October 11–18, features female driver-navigator teams and prohibits GPS usage. Rebecca Donaghe and Syndiely Wade will drive the BMW X3 M50 in the X-CROSS™ Class. This marks the second consecutive year of XPEL's partnership with BMW for this event, following a podium finish in the previous year.
XPEL, Inc. (Nasdaq: XPEL) reported record revenue of $109.9 million in Q2 2024, a 7.5% increase year-over-year. The company achieved a gross margin of 43.5% and net income of $15.0 million, or $0.54 per share. EBITDA was $21.8 million, representing 19.9% of revenue. For the first six months of 2024, revenue grew 6.4% to $200.0 million, with net income of $21.7 million.
Geographical revenue highlights include 9.7% growth in the US and 12.0% in Canada. Product revenue increased 2.8% year-over-year, with window film revenue up 8.4%. Service revenue saw a significant 25.2% increase. The company maintains its annual revenue growth projection of 8-10% for 2024.
XPEL, Inc. (Nasdaq: XPEL), a global provider of protective films and coatings, has announced a conference call and webcast to discuss its second quarter 2024 results. The event is scheduled for Thursday, August 8, 2024, at 11:00 a.m. Eastern Time. Interested parties can access the live webcast on the company's website or participate via phone using the provided dial-in numbers and access code. A replay of the teleconference will be available until September 7, 2024, with specific replay numbers provided for both domestic and international callers.
XPEL, a global leader in protective films and coatings, has partnered with renowned car customizer Will Castro to sponsor Castro's Unique Academy in West Hempstead, NYC.
The academy offers a 12-week hands-on training program for 17-19-year-old students, teaching them automotive technical skills like applying window film, ceramic coating, and paint protection film, along with business and leadership skills.
This initiative addresses the pressing need for 100,000 new auto technicians annually in the U.S. The program, which began in April, targets underprivileged youth, aiming to inspire future auto technicians. XPEL provides funding, supplies, and guest instructors for the academy.
The classes are held on Saturdays at Team Unique’s auto facility and are being filmed for a Unique Academy TV show scheduled to air on ROKU this fall.
XPEL, Inc. (Nasdaq: XPEL) reported its first-quarter results for 2024, showing a 5.0% revenue increase to $90.1 million. However, net income decreased by 41.7% to $6.7 million. EBITDA also declined by 31.5% to $11.7 million. The US market faced challenges, with port delays impacting sales. The company's outlook for annual revenue growth was revised downward to 8-10% from 15%.
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