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, 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.
XPEL, Inc. has announced its acquisition of invisiFRAME, Ltd., a UK-based provider of bicycle frame protection kits. This acquisition supports XPEL's strategy to expand its market presence and leverage existing sales channels. invisiFRAME, known for its extensive custom bicycle pattern library, is projected to contribute over $2.7 million in annual revenue, enhancing the company's performance in 2021. The deal aligns with the growing demand among bike enthusiasts, allowing XPEL to utilize its protective films in a new consumer segment.
XPEL, Inc. (NASDAQ: XPEL) has been designated as the exclusive paint protection film, ceramic coating, and window film sponsor for the Mercedes-Benz Club of America. This multi-year sponsorship aims to enhance brand recognition among Mercedes-Benz enthusiasts participating in club activities. XPEL’s product offerings include advanced protective films and coatings, expected to meet high member standards. The partnership is anticipated to boost engagement with the club's extensive membership through targeted communications.
XPEL, Inc., a global leader in protective films and coatings, announced a conference call on November 9, 2021, at 11:00 a.m. Eastern Time to discuss its third quarter results. Interested parties can access the webcast via XPEL’s investor relations page. For phone participation, dial (888) 506-0062. A replay of the call will be available until December 9, 2021.
XPEL, Inc. (NASDAQ: XPEL) has announced a multi-year partnership with San Antonio Sports and MB Events to become the title sponsor of the L’Étape San Antonio XPEL Criterium and the presenting sponsor of Fiesta FitFest, scheduled for April 8-10, 2022. This partnership aims to enhance XPEL's brand visibility within the fitness community while supporting local events. The Criterium will feature competitive cycling races, followed by various fitness activities, culminating in the L’Étape San Antonio event, which allows amateur cyclists to experience a stage of the Tour de France.
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.