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XPEL, Inc. (Nasdaq: XPEL) is a renowned provider of protective films and coatings, specializing in automotive paint protection film, surface protection film, and window film for both automotive and architectural applications. The company is also a leader in ceramic coatings which offer superior protection for various surfaces. XPEL is headquartered in San Antonio, Texas, and has garnered a reputation for delivering high-quality products and exceptional customer service.
XPEL’s core business revolves around manufacturing and distributing a range of protective solutions. This includes automotive paint and headlamp protection products, window tint products, and industry tools and equipment. A significant part of their revenue is generated from the United States market.
One of XPEL’s standout innovations is their proprietary Design Access Program (DAP) software. This software provides real-time global access to the world's largest database of pre-cut patterns, ensuring precision and ease for installers worldwide. The company has established a strong network of trained installers, dedicated to maintaining high standards of installation and customer satisfaction.
In recent developments, XPEL introduced their first-ever Windshield Protection Film, designed to help make windshields more impact-resistant and prevent costly damages such as rock chips and cracks. This product is expected to be available worldwide by Q3 2024. Additionally, XPEL expanded its surface care product line with five new chemical solutions: WASH SOLUTION, FOAM SOAP, PANEL PREP SPRAY, and WATERLESS WASH, which are currently available for purchase in the United States.
Chris DiMinico, XPEL's Director of Product, emphasized the company’s commitment to offering top-tier protective solutions. He highlighted that these new additions reflect XPEL’s ongoing efforts to help customers protect their valuable assets, whether it be cars, homes, businesses, or marine crafts.
XPEL, Inc. is publicly traded on Nasdaq under the symbol
XPEL and Rivian have expanded their partnership with a new Paint Protection Film (PPF) and Window Film customization program. Through this exclusive program, Rivian R1T and R1S owners in the U.S. and Canada can order XPEL products directly from Rivian's Gear Shop, including ULTIMATE PLUS™ Paint Protection Film and PRIME Window Film. The program offers set pricing, easy installation booking with local XPEL Certified Rivian Network Partners, and includes a 5-year/60K mile warranty aligned with Rivian's factory agreement. This builds upon their existing collaboration, where Rivian already offers full-body XPEL PPF installed on select models at its factory.
XPEL reported record revenue of $112.9 million for Q3 2024, a 9.9% increase YoY. The company achieved a gross margin of 42.5% and net income of $14.9 million, or $0.54 per share, up 9.1% YoY. EBITDA grew 10.0% to $21.7 million, maintaining a margin of 19.2%. For the first nine months of 2024, revenue rose 7.6% to $312.9 million, with a gross margin of 42.7%. However, net income declined to $36.6 million from $40.8 million YoY. Regional performance varied, with notable growth in Canada (25.7%) and the Middle East/Africa (35.2%), while China saw an 11.6% decline. Operating expenses rose 23.6% YoY, driven by increased marketing and international expansion costs. XPEL forecasts Q4 2024 revenue between $105 - $107 million, with expected US growth offset by a decline in China sales.
XPEL (Nasdaq: XPEL) announces its participation in the SEMA Show 2024 in Las Vegas, showcasing new products and partnerships. Key highlights include collaborations with Kia America and Tesla. The company will display its new Windshield Protection Film, demonstrated on a Tesla Model 3, designed to enhance impact resistance and prevent repairs. XPEL has partnered with Kia to protect multiple vehicles, including a 2024 Sorento SUV featuring STEALTH™ Paint Protection Film and other protective solutions. Additionally, Tesla owners in the U.S. and Canada can now directly order PRIME window film installation through XPEL with set pricing and warranty inclusion.
XPEL, a global provider of protective films and coatings, announced it will host a conference call and webcast on Thursday, November 7, 2024 at 11:00 a.m. Eastern Time to discuss its third quarter 2024 results. The event will be accessible via webcast on XPEL's website and through dial-in numbers for both domestic and international callers. A replay will be available until December 7, 2024.
XPEL, Inc. (Nasdaq: XPEL) has partnered with BMW of North America to protect the all-new BMW X3 M50 for the 2024 Rebelle Rally, the longest off-road competition in the United States. An all-female XPEL team installed protective products on the vehicle, including STEALTH satin paint protection film, PRIME XR PLUS nano-ceramic window film, and FUSION PLUS ceramic coating.
The Rebelle Rally, taking place October 11–18, features female driver-navigator teams and prohibits GPS usage. Rebecca Donaghe and Syndiely Wade will drive the BMW X3 M50 in the X-CROSS™ Class. This marks the second consecutive year of XPEL's partnership with BMW for this event, following a podium finish in the previous year.
XPEL, Inc. (Nasdaq: XPEL) reported record revenue of $109.9 million in Q2 2024, a 7.5% increase year-over-year. The company achieved a gross margin of 43.5% and net income of $15.0 million, or $0.54 per share. EBITDA was $21.8 million, representing 19.9% of revenue. For the first six months of 2024, revenue grew 6.4% to $200.0 million, with net income of $21.7 million.
Geographical revenue highlights include 9.7% growth in the US and 12.0% in Canada. Product revenue increased 2.8% year-over-year, with window film revenue up 8.4%. Service revenue saw a significant 25.2% increase. The company maintains its annual revenue growth projection of 8-10% for 2024.
XPEL, Inc. (Nasdaq: XPEL), a global provider of protective films and coatings, has announced a conference call and webcast to discuss its second quarter 2024 results. The event is scheduled for Thursday, August 8, 2024, at 11:00 a.m. Eastern Time. Interested parties can access the live webcast on the company's website or participate via phone using the provided dial-in numbers and access code. A replay of the teleconference will be available until September 7, 2024, with specific replay numbers provided for both domestic and international callers.
XPEL, a global leader in protective films and coatings, has partnered with renowned car customizer Will Castro to sponsor Castro's Unique Academy in West Hempstead, NYC.
The academy offers a 12-week hands-on training program for 17-19-year-old students, teaching them automotive technical skills like applying window film, ceramic coating, and paint protection film, along with business and leadership skills.
This initiative addresses the pressing need for 100,000 new auto technicians annually in the U.S. The program, which began in April, targets underprivileged youth, aiming to inspire future auto technicians. XPEL provides funding, supplies, and guest instructors for the academy.
The classes are held on Saturdays at Team Unique’s auto facility and are being filmed for a Unique Academy TV show scheduled to air on ROKU this fall.
XPEL, Inc. (Nasdaq: XPEL) reported its first-quarter results for 2024, showing a 5.0% revenue increase to $90.1 million. However, net income decreased by 41.7% to $6.7 million. EBITDA also declined by 31.5% to $11.7 million. The US market faced challenges, with port delays impacting sales. The company's outlook for annual revenue growth was revised downward to 8-10% from 15%.
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