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. 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 reported Q4 2024 financial results with revenue increasing 1.9% to $107.5 million. Excluding China impacts, revenue grew 10.5%. The company achieved a gross margin of 40.6%, while experiencing a foreign exchange loss of $1.2 million due to USD strengthening.
Q4 net income decreased 25.7% to $8.9 million ($0.32 per share) compared to $12.0 million ($0.43 per share) in Q4 2023. EBITDA declined 19.3% to $14.3 million. For full-year 2024, revenue grew 6.1% to $420.4 million with net income of $45.5 million ($1.65 per share).
Notable performance metrics include: US revenue up 6.2%, window film revenue increased 32.9%, and total installation revenue grew 16.1%. The company projects Q1 2025 revenue of $97-99 million and has implemented a workforce reduction expected to save $2 million annually.
XPEL (Nasdaq: XPEL), a global provider of protective films and coatings, has announced its upcoming conference call and webcast to discuss fourth quarter and year end 2024 results. The event is scheduled for Wednesday, February 26, 2025, at 11:00 a.m. Eastern Time.
Investors can access the live webcast through XPEL's website at https://www.xpel.com/events-presentations. For phone participation, domestic callers should dial (877) 545-0523, while international callers can use (973) 528-0016, with access code 186072.
A replay will be available until March 28, 2025, accessible by dialing (877) 481-4010 for domestic calls or (919) 882-2331 for international calls, using conference ID 51876.
XPEL and Rivian have expanded their partnership with a new Paint Protection Film (PPF) and Window Film customization program. Through this exclusive program, Rivian R1T and R1S owners in the U.S. and Canada can order XPEL products directly from Rivian's Gear Shop, including ULTIMATE PLUS™ Paint Protection Film and PRIME Window Film. The program offers set pricing, easy installation booking with local XPEL Certified Rivian Network Partners, and includes a 5-year/60K mile warranty aligned with Rivian's factory agreement. This builds upon their existing collaboration, where Rivian already offers full-body XPEL PPF installed on select models at its factory.
XPEL reported record revenue of $112.9 million for Q3 2024, a 9.9% increase YoY. The company achieved a gross margin of 42.5% and net income of $14.9 million, or $0.54 per share, up 9.1% YoY. EBITDA grew 10.0% to $21.7 million, maintaining a margin of 19.2%. For the first nine months of 2024, revenue rose 7.6% to $312.9 million, with a gross margin of 42.7%. However, net income declined to $36.6 million from $40.8 million YoY. Regional performance varied, with notable growth in Canada (25.7%) and the Middle East/Africa (35.2%), while China saw an 11.6% decline. Operating expenses rose 23.6% YoY, driven by increased marketing and international expansion costs. XPEL forecasts Q4 2024 revenue between $105 - $107 million, with expected US growth offset by a decline in China sales.
XPEL (Nasdaq: XPEL) announces its participation in the SEMA Show 2024 in Las Vegas, showcasing new products and partnerships. Key highlights include collaborations with Kia America and Tesla. The company will display its new Windshield Protection Film, demonstrated on a Tesla Model 3, designed to enhance impact resistance and prevent repairs. XPEL has partnered with Kia to protect multiple vehicles, including a 2024 Sorento SUV featuring STEALTH™ Paint Protection Film and other protective solutions. Additionally, Tesla owners in the U.S. and Canada can now directly order PRIME window film installation through XPEL with set pricing and warranty inclusion.
XPEL, a global provider of protective films and coatings, announced it will host a conference call and webcast on Thursday, November 7, 2024 at 11:00 a.m. Eastern Time to discuss its third quarter 2024 results. The event will be accessible via webcast on XPEL's website and through dial-in numbers for both domestic and international callers. A replay will be available until December 7, 2024.
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.