---
schema_version: "secwatch.filing_event.v1"
accession: "0001767258-23-000066"
form_type: "8-K"
ticker: "XPEL"
cik: "0001767258"
company_name: "XPEL, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:56:24.193382+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001767258-23-000066
- form_type: 8-K
- ticker: XPEL
- cik: 0001767258
- company_name: XPEL, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000066/0001767258-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000066/xpel-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767258-23-000066
- JSON: https://secwatch.observer/filing/0001767258-23-000066.json
- Plain text: https://secwatch.observer/filing/0001767258-23-000066.txt

## Key facts
- Earnings Releases
  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
  source text: XPEL Reports Record Revenue of $102.7 million in Third Quarter 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000066/0001767258-23-000066-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.