XPEL reports record Q3 revenue of $89.8M, net income up 59.9% to $13.3M

XPEL, Inc.

2022-Q3 EPS reported $1.20 revenue$245,512,000

Revenue rose 31% YoY to $89.8M; gross margin improved to a record 39.8% from 35.7%.
Net income of $13.3M ($0.48 EPS) vs. $8.3M ($0.30 EPS) in Q3 2021.
EBITDA grew 66% to $18.9M (21.1% of revenue) compared to $11.4M (16.6%) last year.
First nine months revenue $245.5M (+29.8%); net income $33.0M ($1.20 EPS) vs. $25.4M ($0.92 EPS).
CEO cites strong performance across most regions despite economic uncertainty.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

XPEL, Inc. reported the nine months ended September 30, 2022 results: revenue $245.5 million, net income $33.0 million, or $1.20 per share.

Period: the nine months ended September 30, 2022
Revenue: $245.5 million
Net income: $33.0 million, or $1.20 per share
Result: reported results

Exact text from the filing

Amortization) grew 66.0% to $18.9 million, or 21.1% of revenues compared to $11.4 million in third quarter 2021. 1 First Nine Months Highlights: • Revenues increased 29.8% to $245.5 million in the first nine months of 2022. • Gross margin percentage improved to 39.3% in the first nine months of 2022. • Net income grew 30.2% to $33.0 million, or $1.20 per share,

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

XPEL, Inc. reported the third quarter ended September 30, 2022 results: revenue $89.8 million, net income $13.3 million, or $0.48 per share.

Period: the third quarter ended September 30, 2022
Revenue: $89.8 million
Net income: $13.3 million, or $0.48 per share
Result: reported results

Exact text from the filing

films and coatings, today announced results for the third quarter and nine months ended September 30, 2022. Third Quarter 2022 Highlights: • Revenues increased 31.0% to a record $89.8 million in the third quarter. • Gross margin percentage improved to 39.8% in the third quarter, a new high for the Company. • Net income grew 59.9% to $13.3 million, or $0.48 per share,

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XPEL, Inc. filing history →

Source: SEC EDGAR

accession 0001767258-22-000072

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