secwatch.observer — SEC 8-K summary
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Issuer:     XPEL, Inc. (XPEL)
CIK:        0001767258
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001767258-24-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1767258/000176725824000033/0001767258-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1767258/000176725824000033/xpel-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001767258-24-000033

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