Xpel, Inc. ( (XPEL) ) has released its Q4 earnings. Here is a breakdown of the information Xpel, Inc. presented to its investors.
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XPEL, Inc. is a global provider of protective films and coatings, specializing in automotive paint protection, surface protection, and window films, with a strong focus on customer service and technical support. In its latest earnings report, XPEL announced a revenue increase of 1.9% to $107.5 million for the fourth quarter of 2024, with a notable 10.5% increase excluding the impact of China. The company reported a gross margin of 40.6% but faced a foreign exchange loss of $1.2 million due to a stronger US dollar. Key financial metrics showed a decrease in EBITDA by 19.3% to $14.3 million and a net income drop of 25.7% to $8.9 million compared to the previous year. Despite these challenges, XPEL’s annual revenue grew by 6.1% to $420.4 million, with a gross margin of 42.2%. The company highlighted its strategic focus on dealership expansion, refining its market strategy in China, and executing acquisitions. Looking ahead, XPEL’s management remains optimistic about building on its momentum in 2025, with expectations of continued growth and strategic advancements.