XPEL invests ~$110M in San Antonio facility and China manufacturing; reaffirms 2028 margin targets

XPEL, Inc.

Acquired 435,000-sq-ft San Antonio site for ~$60.4M; financed with $44.8M building loan (4.7% rate, 10-yr term).
Acquired 75% interest in a China manufacturing facility; total investment ~$110M within prior $75M-$150M range.
Reaffirmed goal of mid-20% operating margins by end-2028 on a run-rate basis.
Expects minimal impact to 2026 EPS; incremental margin contribution from mid-2027.
Over next 12-24 months, will consolidate leased ops facility into new site; XPEL will occupy ~230,000 sq ft.

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