XPEL Q4 revenue $105.5M (+34.5%); FY23 revenue $396.3M (+22.3%); guides ~15% growth for 2024

XPEL, Inc.

2023-FY EPS reported $1.91 revenue$396,293,000

Q4 net income $12.0M ($0.43 EPS), up 43.2% YoY; FY net income $52.8M ($1.91 EPS), up 27.6%.
FY23 EBITDA $76.9M (19.4% margin), up 25.6% YoY; Q4 EBITDA $17.7M (16.7% margin).
China revenue surged 166.6% YoY to $16.6M; Middle East/Africa rose 100.4%.
2024 outlook: annual revenue growth of approximately 15%.
Gross margin 38.8% in Q4 vs. 39.6% a year ago due to mix shift toward lower-margin regions.

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 0.9

XPEL, Inc. updated its the quarter ended December 31, 2023 guidance (reaffirmed).

Period: the quarter ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 22, 2024, XPEL, Inc. (“XPEL”) announced its consolidated financial results for the quarter and year ended December 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

XPEL, Inc. updated its the year ended December 31, 2023 guidance (reaffirmed).

Period: the year ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On February 22, 2024, XPEL, Inc. (“XPEL”) announced its consolidated financial results for the quarter and year ended December 31, 2023.

View on SEC.gov

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XPEL, Inc. filing history →

Source: SEC EDGAR

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