XPEL reports record Q2 revenue of $109.9M (+7.5% YoY); net income down 4.5%

XPEL, Inc.

2024-Q2 EPS reported $0.79 revenue$200,021,000

Revenue $109.9M (record); net income $15.0M ($0.54 EPS), down from $15.7M ($0.57) YoY.
China revenue plunged 45.7% to $4.4M; excluding China, total revenue grew 12.1% YoY.
EBITDA $21.8M (19.9% of rev) vs $22.4M (21.9%) YoY; gross margin improved to 43.5% from 43.0%.
Operating cash flow hit record $26.9M, up from $26.7M YoY.
Annual revenue growth guidance reaffirmed at 8-10%.

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