secwatch.observer — SEC 8-K summary
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Issuer:     XPEL, Inc. (XPEL)
CIK:        0001767258
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001767258-23-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767258/000176725823000013/0001767258-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767258/000176725823000013/xpel-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001767258-23-000013

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