secwatch.observer — SEC 8-K summary
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Issuer:     XPEL, Inc. (XPEL)
CIK:        0001767258
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001767258-22-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPEL reports record Q4 revenue of $70.1M (+44.3% YoY); full-year revenue $259.3M (+63.1%)
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- Full-year net income $31.6M ($1.14/sh) vs $18.3M ($0.66/sh) in 2020; EBITDA grew 74.5% to $44.1M.
- Organic revenue growth of 27.0% in Q4 and 52.9% for full year 2021.
- Q4 EBITDA $10.0M (14.2% of revenue) down from 16.6% in Q4 2020; adjusted for $1.8M labor costs and $0.8M inventory move costs, EBITDA would have been $12.6M (18% of revenue).
- Gross margin improved to 35.2% in Q4 vs 32.8% in prior year quarter; full year 35.7% vs 34.0%.
- Closed and integrated seven acquisitions during the year; expects benefit from rebuild of new car inventory in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767258/000176725822000011/0001767258-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767258/000176725822000011/xpel-20220228.htm
  HTML page:      https://secwatch.observer/filing/0001767258-22-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer