secwatch.observer — SEC 8-K summary
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Issuer:     XPEL, Inc. (XPEL)
CIK:        0001767258
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001767258-23-000066
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767258/000176725823000066/0001767258-23-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767258/000176725823000066/xpel-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001767258-23-000066

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