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. has acquired five businesses in the U.S. and Canada for approximately USD $20.1 million, expected to generate USD $17.0 million in annual revenue and USD $4.0 million in EBITDA post-integration. The acquisitions, which closed on October 1, 2021, include Shadow Shield and Shadow Tint in Canada, and One Armor and Tint Net in the U.S. The company plans to fund these acquisitions with existing cash and credit facilities. CEO Ryan Pape emphasized the strategic alignment of these deals with the company's growth objectives.
XPEL, Inc. has expanded its paint protection film offerings by introducing ULTIMATE PLUS™ BLACK, a high-gloss black film with self-healing properties. The new product caters to car enthusiasts aiming to enhance the aesthetics of their vehicles by creating striking black accent zones. Made from an 8 MIL polyurethane base layer, it protects against common damages like rock chips and light scratches. Available globally, ULTIMATE PLUS BLACK comes with a 10-year warranty and works with XPEL’s DAP software for efficient installations.
XPEL, a leader in protective films, has partnered with Xtreme Xperience to serve as the official paint protection film provider for their fleet of supercars. This collaboration aims to protect vehicles from debris encountered during racetrack events across the U.S. XPEL's ULTIMATE PLUS film will cover multiple parts of the fleet, enhancing the cars' aesthetics and resale value by preventing damage. Since 2012, Xtreme Xperience has provided thrilling driving experiences to over 250,000 enthusiasts.
XPEL, Inc. (Nasdaq: XPEL) reported robust financial results for the second quarter and first half of 2021. Revenues surged 92.0% to $68.7 million year-over-year, with a 156.3% increase in net income to $10.2 million, resulting in $0.37 per share. EBITDA also rose 139.8% to $13.6 million, representing 19.8% of revenues. For the first six months, revenues reached $120.6 million, a growth of 87.9%, while net income exceeded 200% to $17.0 million. The gross margin improved, reflecting operational efficiency.
XPEL, Inc. (Nasdaq: XPEL) will host a conference call and webcast on August 9, 2021 at 11:00 a.m. ET to discuss its second quarter 2021 results. Investors can access the live webcast on the XPEL website. To join the call by phone, dial (844) 407-9500 or (862) 298-0850 for international participation. A replay will be available until September 9, 2021 at (877) 481-4010, using conference ID: 42329. XPEL provides protective films and coatings, focusing on quality and customer service.
XPEL, Inc. (Nasdaq: XPEL) announced the resignation of John Constantine from its Board of Directors after 11 years of service. CEO Ryan Pape expressed gratitude for Constantine's contributions, noting his role as a significant shareholder and key advisor. Constantine, who has been with XPEL for nearly 20 years, stated his intention to retire and focus on family, leaving with confidence in the company's future. XPEL will begin searching for his replacement to ensure continued leadership.
XPEL, Inc. (Nasdaq: XPEL) announced the acquisition of PermaPlate Film LLC for $30 million in cash. This strategic purchase aims to enhance XPEL's market presence and geographic footprint, particularly in the mid-range segment of automotive window films. PermaPlate Film is projected to contribute approximately $25 million in revenue for 2021 and an estimated $6 million in earnings before interest, taxes, and depreciation post-integration. The deal is expected to incur around $0.5 million in acquisition-related costs in 2021.
XPEL, a leading provider of protective films, reported exceptional first quarter results for 2021. Revenues soared by 82.7% to $51.9 million, a significant increase compared to $28.4 million in Q1 2020. Net income grew 324.9% to $6.8 million, or $0.25 per share, up from $1.6 million last year. EBITDA rose 256.0% to $9.2 million, accounting for 17.7% of revenues. The company saw major growth across all regions, particularly in China, as momentum from 2020 carried into 2021.
XPEL, Inc. (Nasdaq: XPEL) will host a conference call and webcast on May 10, 2021, at 11:00 a.m. Eastern Time to discuss its first quarter 2021 results. Interested parties can access the live webcast on the XPEL website at www.xpel.com/investor. To join by phone, dial (877) 407-8033 for U.S. callers or (201) 689-8033 for international callers.
XPEL (NASDAQ: XPEL), a leading protective films provider, is expanding its sponsorship in the NTT INDYCAR SERIES. The company will now be the primary sponsor of the No. 2 Chevrolet, driven by two-time champion Josef Newgarden, for three races in the upcoming 2021 season, up from two in 2020. Newgarden will race the XPEL Chevy at Texas Motor Speedway and Indianapolis Motor Speedway. The partnership aims to enhance brand visibility and strengthen connections with INDYCAR fans, positioning XPEL for business growth.