---
schema_version: "secwatch.filing_event.v1"
accession: "0001767258-24-000025"
form_type: "8-K"
ticker: "XPEL"
cik: "0001767258"
company_name: "XPEL, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:45:26.150533+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# XPEL Q1 net income down 42%; revenue +5% to $90.1M; cuts FY revenue growth view to 8-10%

## Summary
- EPS fell to $0.24 ($0.29 adjusting for $1.6M dealer conference costs) vs $0.41 in Q1 2023.
- Revenue grew 5% to $90.1M; US revenue up 1.9% to $52M; China revenue plunged 78% to $1.5M.
- EBITDA declined 31.5% to $11.7M (13.0% margin); operating income down 38% to $9.2M.
- FY 2024 revenue growth guidance revised down to 8-10% from prior 15%, citing US aftermarket slowdown.
- Net cash used in operations was $5.0M vs $0.7M provided a year ago; inventory remains elevated.

## SEC filing metadata
- accession: 0001767258-24-000025
- form_type: 8-K
- ticker: XPEL
- cik: 0001767258
- company_name: XPEL, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767258/000176725824000025/0001767258-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767258/000176725824000025/xpel-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767258-24-000025
- JSON: https://secwatch.observer/filing/0001767258-24-000025.json
- Plain text: https://secwatch.observer/filing/0001767258-24-000025.txt

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