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, 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.
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.