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. 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.
XPEL, Inc. reported significant growth for Q4 and the full year 2021. Q4 revenue rose 44.3% to $70.1 million, with organic growth at 27%. EBITDA increased 23.7% to $10 million, though margins were impacted by higher labor costs and one-time expenses. For the full year, revenue surged 63.1% to $259.3 million, with net income up 72.7% to $31.6 million. Gross margin improved to 35.7%. The company integrated seven acquisitions, positioning itself for success in 2022 as new car inventories rebuild.
Team Penske and XPEL (NASDAQ: XPEL) have announced that Scott McLaughlin, the 2021 NTT INDYCAR SERIES Rookie of the Year, will race the No. 3 XPEL Chevrolet in three events during the upcoming INDYCAR season. The season begins with the XPEL 375 at Texas Motor Speedway on March 20. McLaughlin, who previously achieved a second-place finish at Texas last year, expressed confidence in representing XPEL. XPEL has been a partner of Team Penske since 2020 and aims to leverage passionate brand representation through its global installer network.
XPEL, Inc. has unveiled its latest paint protection film, ULTIMATE FUSION, at its Global Dealer Conference in San Antonio, Texas. This high-gloss, optically clear film features a hydrophobic clear coat that repels water and grime, enhancing vehicle appearance protection against rock chips, bug acids, and scratches. ULTIMATE FUSION will be available worldwide starting in the second quarter of 2022, backed by a 10-year warranty. The product aims to boost installation efficiency and meet rising consumer demands for automotive protection.
XPEL announced the expansion of its VISION™ Home & Office Window Film product line, introducing innovative films and commercial support services. These offerings include energy modeling simulations aimed at reducing the carbon footprint of commercial buildings by optimizing HVAC efficiency. Key products include the All-Season Intelligence film, which manages solar heat in various climates, safety films, and decorative films for aesthetics. All products come with a comprehensive performance warranty, reinforcing XPEL's commitment to maximizing client benefits.
XPEL, Inc. (Nasdaq: XPEL) will hold a conference call and webcast on February 28, 2022, at 11:00 a.m. Eastern Time to discuss its fourth quarter and year-end 2021 results. The live webcast can be accessed on XPEL's investor relations website. Participants can join by phone using the number 888-506-0062 and access code 930015. A replay will be available until March 30, 2022, by dialing 877-481-4010. XPEL specializes in protective films and coatings, catering to automotive and architectural needs.
XPEL, Inc. (NASDAQ: XPEL) has secured a multi-year sponsorship with Audi Club North America as the exclusive provider of Paint Protection Film and Window Film. This partnership aims to enhance brand visibility among the club's 10,000 members, promoting XPEL's advanced protective film portfolio. The sponsorship will facilitate direct engagement with Audi enthusiasts at events, showcasing product benefits in automotive protection. XPEL's films such as ULTIMATE PLUS and PRIME window film provide durability and effective UV protection, aligning with the club's discerning standards.
XPEL, a global leader in protective films, has announced a multi-year sponsorship deal for the NASCAR Camping World Truck Series race, which will be named the XPEL 225. This event will take place during the NASCAR at COTA weekend from March 25-27, 2022, at the Circuit of The Americas in Austin, Texas. XPEL aims to enhance brand visibility and strengthen its position in the automotive market by expanding its partnership with Speedway Motorsports. The event is expected to attract significant media attention, airing live on FS1, MRN, and Sirius XM NASCAR Radio.
XPEL, a global provider of protective films, has announced a multi-year sponsorship for the NASCAR Camping World Truck Series race, now named the XPEL 225, at Circuit of The Americas in Austin, Texas, from March 25-27, 2022. This partnership with Speedway Motorsports aims to enhance brand visibility and strengthen XPEL’s market presence in the automotive industry. The XPEL 225 will be featured alongside other NASCAR events and broadcasted on FS1, MRN, and Sirius XM. Tickets for the event are now available, with three-day packages starting at $79.
XPEL, Inc. reported strong financial results for Q3 and the first nine months of 2021. Revenues surged by 48.6% to $68.5 million in Q3, and 71.4% to $189.1 million for nine months. Net income rose by 26.1% to $8.3 million in Q3 and by 108.0% to $25.4 million year-to-date. EBITDA increased 27.1% to $11.4 million for Q3 and 98.4% to $34.1 million for nine months. Gross margins improved, while operating expenses increased but remained a lower percentage of sales compared to prior periods.