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) 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.
XPEL, a global provider of protective films, reported robust financial results for Q4 and the full year ended December 31, 2020. Revenues surged by 23.1% year-over-year to $48.6 million for Q4, while full-year revenues climbed 22.3% to $158.9 million. Net income for Q4 rose 31.8% to $6.1 million, with full-year net income increasing 30.6% to $18.3 million. EBITDA also showed significant improvements, growing 45.3% in Q4 and 34.9% for the year. The company filed a registration statement allowing flexibility for future capital raises.
XPEL, Inc. (NASDAQ: XPEL) announces a multi-year sponsorship at Texas Motor Speedway, naming the second race of the 2021 NTT INDYCAR SERIES as the XPEL 375. Scheduled for May 2, the event aims to enhance brand visibility in key markets, building on XPEL's previous sponsorship with Team Penske. This strategic move follows XPEL's commitment to motorsports, allowing the company to reach more consumers and authorized dealers. The new race date marks a shift from the traditional June event, contributing to Texas Motor Speedway's 25th anniversary celebrations.
XPEL, a global leader in protective films and coatings, will host a conference call and webcast on March 11, 2021, at 11:00 a.m. ET to discuss its fourth quarter and full year 2020 results. Interested participants can access the live webcast on the XPEL investor website or join via phone by dialing (877) 407-8033 for U.S. callers or (201) 689-8033 for international callers. A replay will be available until April 11, 2021. XPEL focuses on high-quality products and exceptional customer service, operating under the ticker XPEL on Nasdaq.
XPEL, Inc. (Nasdaq: XPEL), known for protective films and coatings, has acquired Veloce Innovation, a Houston-based architectural film provider, as of December 31, 2020. This strategic move aims to enhance XPEL's presence in the architectural window film market. Ryan Pape, CEO of XPEL, expressed optimism about leveraging Veloce's expertise under Harry Rahman's leadership to boost revenue in this segment. While the financial terms of the acquisition remain undisclosed, both companies anticipate growth and improved market share through this collaboration.
XPEL, Inc. (Nasdaq: XPEL) has partnered with Spring Mountain Motor Resort & Country Club to become the 'Official Paint Protection Film.' XPEL will install its ULTIMATE PLUS 10 film on Corvettes used in the Ron Fellows Performance Driving School. This 10 mil film protects various parts of the vehicle, ensuring durability and maintaining resale value. This initiative targets new Corvette C8 owners, providing exposure to XPEL's premium products and generating promotional buzz, thus aligning with the company’s growth strategy.
XPEL reported robust financial results for Q3 2020, achieving a 29.5% revenue increase to $46.1 million compared to Q3 2019. Net income surged 46.5% to $6.6 million, translating to $0.24 per share. EBITDA rose 50.5% to $9.0 million, accounting for 19.5% of revenues. For the first nine months, revenues increased 22.0% to $110.3 million, with net income reaching $12.2 million or $0.44 per share. The company also noted a cash increase to $27.2 million by September 30, 2020.