XPEL Q1 revenue +19.5% to $85.8M, gross margin record 41.9%, net income +46.5%

XPEL, Inc.

2023-Q1 EPS reported $0.41 revenue$85,842,000

Revenue of $85.8M, up 19.5% YoY; gross margin improved to 41.9% (new company high).
Net income rose 46.5% to $11.4M ($0.41 per share) from $7.8M ($0.28) in Q1 2022.
EBITDA grew 43.9% to $17.1M, representing 19.9% of revenue vs. 16.5% a year ago.
Operating expenses were 24.5% of sales, roughly flat vs. 24.6% in prior-year period.
No specific forward guidance provided; CEO cited 'good momentum' for 2023.

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 0.99

XPEL, Inc. reported the quarter ended March 31, 2023 results: revenue $85.8 million, net income $11.4 million, EPS $0.41 per share.

Period: the quarter ended March 31, 2023
Revenue: $85.8 million
Net income: $11.4 million
EPS: $0.41 per share
Result: reported results

Exact text from the filing

XPEL Revenues Increase 19.5% to $85.8 Million in First Quarter 2023 With Gross Margin of 41.9%

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XPEL, Inc. filing history →

Source: SEC EDGAR

accession 0001767258-23-000040

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