---
schema_version: "secwatch.filing_event.v1"
accession: "0001767258-24-000003"
form_type: "8-K"
ticker: "XPEL"
cik: "0001767258"
company_name: "XPEL, Inc."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:54:35.060548+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001767258-24-000003
- form_type: 8-K
- ticker: XPEL
- cik: 0001767258
- company_name: XPEL, Inc.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767258/000176725824000003/0001767258-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767258/000176725824000003/xpel-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767258-24-000003
- JSON: https://secwatch.observer/filing/0001767258-24-000003.json
- Plain text: https://secwatch.observer/filing/0001767258-24-000003.txt

## Key facts
- Earnings Releases
  XPEL, Inc. updated its the quarter ended December 31, 2023 guidance (reaffirmed).
  - Period: the quarter ended December 31, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On February 22, 2024, XPEL, Inc. (“XPEL”) announced its consolidated financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725824000003/0001767258-24-000003-index.htm
- Earnings Releases
  XPEL, Inc. updated its the year ended December 31, 2023 guidance (reaffirmed).
  - Period: the year ended December 31, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On February 22, 2024, XPEL, Inc. (“XPEL”) announced its consolidated financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725824000003/0001767258-24-000003-index.htm

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