secwatch.observer — SEC 8-K summary
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Issuer:     XPEL, Inc. (XPEL)
CIK:        0001767258
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001767258-24-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767258/000176725824000003/0001767258-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767258/000176725824000003/xpel-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001767258-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer