XPEL Q3 revenue rises 14.4% to record $102.7M; net income up 2.5% to $13.7M

XPEL, Inc.

2023-Q3 EPS reported $1.48 revenue$290,755,000

Revenue of $102.7M (record, +14.4% YoY); gross margin improved to 40.4% from 39.8%.
Net income $13.7M ($0.49 diluted EPS) vs $13.3M ($0.48) in Q3 2022; adjusted EPS ~$0.56.
EBITDA $19.7M (19.2% of sales) vs $18.9M (21.1%); adjusted EBITDA margin 21.5% after one-time items.
Nine-month revenue $290.8M (+18.4% YoY); net income $40.8M ($1.48 EPS) vs $33.0M ($1.20).
CEO cites strong demand and unique channel strategy; incurred $1M inventory write-off and $0.3M relocation costs in Q3.

item 2.02 item 7.01 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 ended September 30, 2023 results: revenue $102.7 million, net income $13.7 million, or $0.49 per share, EPS $0.49 per share.

Period: the quarter ended September 30, 2023
Revenue: $102.7 million
Net income: $13.7 million, or $0.49 per share
EPS: $0.49 per share
Result: reported results

Exact text from the filing

XPEL Reports Record Revenue of $102.7 million in Third Quarter 2023

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XPEL, Inc. filing history →

Source: SEC EDGAR

accession 0001767258-23-000066

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