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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, a leader in protective films, has partnered with Xtreme Xperience to serve as the official paint protection film provider for their fleet of supercars. This collaboration aims to protect vehicles from debris encountered during racetrack events across the U.S. XPEL's ULTIMATE PLUS film will cover multiple parts of the fleet, enhancing the cars' aesthetics and resale value by preventing damage. Since 2012, Xtreme Xperience has provided thrilling driving experiences to over 250,000 enthusiasts.
XPEL, Inc. (Nasdaq: XPEL) reported robust financial results for the second quarter and first half of 2021. Revenues surged 92.0% to $68.7 million year-over-year, with a 156.3% increase in net income to $10.2 million, resulting in $0.37 per share. EBITDA also rose 139.8% to $13.6 million, representing 19.8% of revenues. For the first six months, revenues reached $120.6 million, a growth of 87.9%, while net income exceeded 200% to $17.0 million. The gross margin improved, reflecting operational efficiency.
XPEL, Inc. (Nasdaq: XPEL) will host a conference call and webcast on August 9, 2021 at 11:00 a.m. ET to discuss its second quarter 2021 results. Investors can access the live webcast on the XPEL website. To join the call by phone, dial (844) 407-9500 or (862) 298-0850 for international participation. A replay will be available until September 9, 2021 at (877) 481-4010, using conference ID: 42329. XPEL provides protective films and coatings, focusing on quality and customer service.
XPEL, Inc. (Nasdaq: XPEL) announced the resignation of John Constantine from its Board of Directors after 11 years of service. CEO Ryan Pape expressed gratitude for Constantine's contributions, noting his role as a significant shareholder and key advisor. Constantine, who has been with XPEL for nearly 20 years, stated his intention to retire and focus on family, leaving with confidence in the company's future. XPEL will begin searching for his replacement to ensure continued leadership.
XPEL, Inc. (Nasdaq: XPEL) announced the acquisition of PermaPlate Film LLC for $30 million in cash. This strategic purchase aims to enhance XPEL's market presence and geographic footprint, particularly in the mid-range segment of automotive window films. PermaPlate Film is projected to contribute approximately $25 million in revenue for 2021 and an estimated $6 million in earnings before interest, taxes, and depreciation post-integration. The deal is expected to incur around $0.5 million in acquisition-related costs in 2021.
XPEL, a leading provider of protective films, reported exceptional first quarter results for 2021. Revenues soared by 82.7% to $51.9 million, a significant increase compared to $28.4 million in Q1 2020. Net income grew 324.9% to $6.8 million, or $0.25 per share, up from $1.6 million last year. EBITDA rose 256.0% to $9.2 million, accounting for 17.7% of revenues. The company saw major growth across all regions, particularly in China, as momentum from 2020 carried into 2021.
XPEL, Inc. (Nasdaq: XPEL) will host a conference call and webcast on May 10, 2021, at 11:00 a.m. Eastern Time to discuss its first quarter 2021 results. Interested parties can access the live webcast on the XPEL website at www.xpel.com/investor. To join by phone, dial (877) 407-8033 for U.S. callers or (201) 689-8033 for international callers.
XPEL (NASDAQ: XPEL), a leading protective films provider, is expanding its sponsorship in the NTT INDYCAR SERIES. The company will now be the primary sponsor of the No. 2 Chevrolet, driven by two-time champion Josef Newgarden, for three races in the upcoming 2021 season, up from two in 2020. Newgarden will race the XPEL Chevy at Texas Motor Speedway and Indianapolis Motor Speedway. The partnership aims to enhance brand visibility and strengthen connections with INDYCAR fans, positioning XPEL for business growth.
XPEL, a global provider of protective films, reported robust financial results for Q4 and the full year ended December 31, 2020. Revenues surged by 23.1% year-over-year to $48.6 million for Q4, while full-year revenues climbed 22.3% to $158.9 million. Net income for Q4 rose 31.8% to $6.1 million, with full-year net income increasing 30.6% to $18.3 million. EBITDA also showed significant improvements, growing 45.3% in Q4 and 34.9% for the year. The company filed a registration statement allowing flexibility for future capital raises.
XPEL, Inc. (NASDAQ: XPEL) announces a multi-year sponsorship at Texas Motor Speedway, naming the second race of the 2021 NTT INDYCAR SERIES as the XPEL 375. Scheduled for May 2, the event aims to enhance brand visibility in key markets, building on XPEL's previous sponsorship with Team Penske. This strategic move follows XPEL's commitment to motorsports, allowing the company to reach more consumers and authorized dealers. The new race date marks a shift from the traditional June event, contributing to Texas Motor Speedway's 25th anniversary celebrations.
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