Xpel Inc Stock Price, News & Analysis

XPEL, Inc. reported strong financial results for Q3 and the first nine months of 2022. Revenues soared by 31.0% to a record $89.8 million in Q3, driven by robust business momentum despite economic challenges. The gross margin improved to 39.8%, while net income rose by 59.9% to $13.3 million, translating to $0.48 per share. Year-to-date, revenues increased 29.8% to $245.5 million, and net income grew by 30.2% to $33.0 million. The company will discuss these results in a conference call today, November 9, 2022.

XPEL, Inc. (Nasdaq: XPEL) will host a conference call and webcast on November 9, 2022, at 11:00 a.m. Eastern Time to discuss its third quarter 2022 results. Investors can access the live event via the XPEL investor website. For phone participation, callers should dial 888-506-0062 domestically or (973) 528-0011 internationally with access code 868222. A teleconference replay will be available until December 9, 2022. XPEL specializes in protective films and coatings for automotive and architectural applications.

XPEL, Inc. (NASDAQ: XPEL) announced the acquisition of the paint protection film business from Car Care Products Australia, which serves the Australian market. This strategic move allows XPEL to directly serve customers in Australia and enhance its market presence. The company plans to invest in local support such as training and marketing. This acquisition is part of XPEL's strategy to expand globally and strengthen its position in the protective film industry.

XPEL, Inc. (Nasdaq: XPEL) reported record revenues of $83.9 million for Q2 2022, a 22.0% increase year-over-year, with net income rising 16.8% to $11.9 million, or $0.43 per share. EBITDA grew by 26.6% to $17.2 million, constituting 20.5% of revenues. For the first six months of 2022, revenues reached $155.8 million, up 29.1%, and net income increased to $19.7 million, or $0.71 per share. Despite challenges from new car inventory shortages and COVID impacts, XPEL remains optimistic about ongoing demand for its protective films and coatings.

XPEL, Inc. (Nasdaq: XPEL) will hold a conference call and webcast on August 9, 2022 at 11:00 a.m. Eastern Time to discuss its second quarter 2022 results. The live webcast can be accessed on the XPEL website. Participants can dial in at 877-545-0320 (international: (973) 528-0002) using access code: 929753. The replay will be available until September 8, 2022.

XPEL, a leading provider of protective films, has been selected as the exclusive supplier for Rivian Automotive regarding their new paint protection film (PPF) program for R1T and R1S models.

The factory direct PPF options will be available to Rivian customers starting late 2022, allowing them to choose between Front Gloss Paint Guard or Full Body Satin Paint Guard packages. XPEL will ensure quality control with a nearby installation facility in Normal, Illinois.

Tim Hartt from XPEL expressed enthusiasm for this partnership, aiming to leverage their expertise in advanced PPF solutions.

XPEL, Inc. reported a robust first quarter for 2022 with revenues rising by 38.6% to a record $71.9 million, compared to $51.9 million in the same period last year. Gross margin reached 38.6%, a record for the company, while net income increased 14.0% to $7.8 million, or $0.28 per share. EBITDA grew 29.6% to $11.9 million, reflecting strong retail demand despite inventory constraints. The company navigated challenges including impacts from COVID-19 and new car inventory shortages, but remains optimistic about future performance.

XPEL, Inc. (Nasdaq: XPEL) will host a conference call and webcast on May 10, 2022, at 11:00 a.m. Eastern Time to discuss its first quarter 2022 results. Interested parties can access the live webcast through the XPEL investor website.

To participate by phone, dial 877-545-0320 (international: 973-528-0002), using access code 822049. A replay will be available until June 9, 2022.

XPEL, Inc. has appointed Stacy L. Bogart to its Board of Directors. Currently the Senior VP and General Counsel at Winnebago Industries (NYSE: WGO), Bogart brings extensive experience in mergers and acquisitions, having played pivotal roles in several acquisitions at Winnebago and Polaris. Her appointment is expected to enhance XPEL's growth strategy. CEO Ryan Pape expressed enthusiasm for Bogart’s insights, aiming for continued business expansion. Bogart's background in legal compliance and ESG initiatives will likely support XPEL’s strategic initiatives.