XPEL, Inc. - XPEL STOCK NEWS

XPEL, a leading provider of protective films, has been selected as the exclusive supplier for Rivian Automotive regarding their new paint protection film (PPF) program for R1T and R1S models.

The factory direct PPF options will be available to Rivian customers starting late 2022, allowing them to choose between Front Gloss Paint Guard or Full Body Satin Paint Guard packages. XPEL will ensure quality control with a nearby installation facility in Normal, Illinois.

Tim Hartt from XPEL expressed enthusiasm for this partnership, aiming to leverage their expertise in advanced PPF solutions.

XPEL, Inc. reported a robust first quarter for 2022 with revenues rising by 38.6% to a record $71.9 million, compared to $51.9 million in the same period last year. Gross margin reached 38.6%, a record for the company, while net income increased 14.0% to $7.8 million, or $0.28 per share. EBITDA grew 29.6% to $11.9 million, reflecting strong retail demand despite inventory constraints. The company navigated challenges including impacts from COVID-19 and new car inventory shortages, but remains optimistic about future performance.

XPEL, Inc. (Nasdaq: XPEL) will host a conference call and webcast on May 10, 2022, at 11:00 a.m. Eastern Time to discuss its first quarter 2022 results. Interested parties can access the live webcast through the XPEL investor website.

To participate by phone, dial 877-545-0320 (international: 973-528-0002), using access code 822049. A replay will be available until June 9, 2022.

XPEL, Inc. has appointed Stacy L. Bogart to its Board of Directors. Currently the Senior VP and General Counsel at Winnebago Industries (NYSE: WGO), Bogart brings extensive experience in mergers and acquisitions, having played pivotal roles in several acquisitions at Winnebago and Polaris. Her appointment is expected to enhance XPEL's growth strategy. CEO Ryan Pape expressed enthusiasm for Bogart’s insights, aiming for continued business expansion. Bogart's background in legal compliance and ESG initiatives will likely support XPEL’s strategic initiatives.

XPEL, Inc. reported significant growth for Q4 and the full year 2021. Q4 revenue rose 44.3% to $70.1 million, with organic growth at 27%. EBITDA increased 23.7% to $10 million, though margins were impacted by higher labor costs and one-time expenses. For the full year, revenue surged 63.1% to $259.3 million, with net income up 72.7% to $31.6 million. Gross margin improved to 35.7%. The company integrated seven acquisitions, positioning itself for success in 2022 as new car inventories rebuild.

Team Penske and XPEL (NASDAQ: XPEL) have announced that Scott McLaughlin, the 2021 NTT INDYCAR SERIES Rookie of the Year, will race the No. 3 XPEL Chevrolet in three events during the upcoming INDYCAR season. The season begins with the XPEL 375 at Texas Motor Speedway on March 20. McLaughlin, who previously achieved a second-place finish at Texas last year, expressed confidence in representing XPEL. XPEL has been a partner of Team Penske since 2020 and aims to leverage passionate brand representation through its global installer network.

XPEL, Inc. has unveiled its latest paint protection film, ULTIMATE FUSION, at its Global Dealer Conference in San Antonio, Texas. This high-gloss, optically clear film features a hydrophobic clear coat that repels water and grime, enhancing vehicle appearance protection against rock chips, bug acids, and scratches. ULTIMATE FUSION will be available worldwide starting in the second quarter of 2022, backed by a 10-year warranty. The product aims to boost installation efficiency and meet rising consumer demands for automotive protection.

XPEL announced the expansion of its VISION™ Home & Office Window Film product line, introducing innovative films and commercial support services. These offerings include energy modeling simulations aimed at reducing the carbon footprint of commercial buildings by optimizing HVAC efficiency. Key products include the All-Season Intelligence film, which manages solar heat in various climates, safety films, and decorative films for aesthetics. All products come with a comprehensive performance warranty, reinforcing XPEL's commitment to maximizing client benefits.

XPEL, Inc. (Nasdaq: XPEL) will hold a conference call and webcast on February 28, 2022, at 11:00 a.m. Eastern Time to discuss its fourth quarter and year-end 2021 results. The live webcast can be accessed on XPEL's investor relations website. Participants can join by phone using the number 888-506-0062 and access code 930015. A replay will be available until March 30, 2022, by dialing 877-481-4010. XPEL specializes in protective films and coatings, catering to automotive and architectural needs.