Xpel reports Q4 EPS 35c, consensus 43c

Reports Q4 revenue $ $107.5M, consensus $106.98M. Reports gross margin of 40.6% in the fourth quarter of 2024. Net income decreased 25.7% to $8.9M, or 32c per basic and diluted share, versus net income of $12M million, or 43c per basic and diluted share in the fourth quarter of 2023. Normalizing for the FX impact, net income would have decreased 13.8% and EPS would have been 35c per share…Ryan Pape, President and Chief Executive Officer of XPEL (XPEL), commented, “We saw solid top line performance in the fourth quarter and made great progress in many of our key initiatives during the year including increasing our focus on dealerships, refining our go-to-market strategy in China and executing on our acquisition strategy. The Company is well-positioned to continue to build on this momentum in 2025.”