XPEL Q4 revenue $78.5M (+11.9% YoY), EPS $0.30; full year revenue $324M (+25%)

XPEL, Inc.

2022-FY EPS reported $1.50 revenue$323,993,000

Q4 revenue $78.5M (+11.9% YoY); net income $8.4M ($0.30 EPS) vs $6.2M ($0.22 EPS) in Q4 2021.
Full year 2022 revenue $324.0M (+25.0%); net income $41.4M ($1.50 EPS) vs $31.6M ($1.14 EPS) in 2021.
EBITDA grew 32.4% to $13.2M in Q4; full year EBITDA $61.2M (+38.7%).
Q4 impacted by ~$3.5M China order cancellations and $0.4M inventory write-offs; normalized EPS $0.36.
US segment grew 31.6% in Q4; management cites strong momentum and positive 2023 outlook.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

XPEL, Inc. reported the quarter and year ended December 31, 2022 results: revenue $78.5 million, net income $8.4 million, EPS $0.30 per basic diluted and share.

Period: the quarter and year ended December 31, 2022
Revenue: $78.5 million
Net income: $8.4 million
EPS: $0.30 per basic diluted and share
Result: reported results

Exact text from the filing

of protective films and coatings, announced results for the fourth quarter and year ended December 31, 2022. Fourth Quarter 2022 Highlights: • Revenue increased 11.9% to $78.5 million compared to fourth quarter 2021. • Net income increased 34.7% to $8.4 million, or $0.30 per basic diluted and share, versus net income of $6.2 million, or $0.22 per basic and

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Source: SEC EDGAR

accession 0001767258-23-000013

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