XPEL reports record Q3 revenue of $112.9M, up 9.9% YoY; net income $14.9M

XPEL, Inc.

2024-Q3 EPS reported $1.32 revenue$312,873,000

Revenue $112.9M (+9.9% YoY); gross margin 42.5% vs 40.4% a year ago.
Net income $14.9M ($0.54 diluted EPS) vs $13.7M ($0.49) in Q3 2023.
EBITDA $21.7M, up 10.0% YoY; margin unchanged at 19.2% of revenue.
US revenue record $64.6M (+9.4% YoY); China sales fell 11.6% YoY.
Q4 2024 revenue guided at $105-107M; US growth ~10% offset by China decline.

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