Welcome to our dedicated page for Xpel news (Ticker: XPEL), a resource for investors and traders seeking the latest updates and insights on Xpel stock.
XPEL Inc. (XPEL) delivers innovative protective solutions for automotive and industrial markets through advanced films, coatings, and design software. This page provides direct access to official company announcements and market-relevant updates.
Investors and industry professionals will find curated news including quarterly earnings reports, product launch announcements, and strategic partnership updates. Our repository ensures timely access to material developments affecting XPEL's position in protective film technology and automotive aftermarket solutions.
Key content categories include financial performance disclosures, technological advancements in paint protection films, and expansion initiatives across architectural and marine coating segments. All information is sourced directly from company communications to ensure accuracy.
Bookmark this page for streamlined tracking of XPEL's operational milestones and market activities. Check regularly for updates reflecting the company's progress in automotive surface protection and related technologies.
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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