NASDAQ$XPEL

Xpel Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record revenue with gross margin reaching a new high.

XPEL reported a strong first quarter with record revenue of $71.9 million, a 38.6% increase year-over-year. The gross margin improved to 38.6%, a new high for the company. Net income grew by 14.0% to $7.8 million, or $0.28 per share.

  • Revenues increased 38.6% to a record $71.9 million.
  • Gross margin percentage improved to 38.6%, a new high for the Company.
  • Net income grew 14.0% to $7.8 million, or $0.28 per share.
  • EBITDA grew 29.6% to $11.9 million, or 16.5% of revenues.

Headline financials

Total Revenue

$71.9M

Previous: $51.9M+38.6%
EPS (adj)

$0.28

Previous: $0.25+12.0%
Gross margin

38.6%

Previous: 35.3%+9.3%
Capital Expenditures

-$2.27M

Previous: -$1.41M-61.6%
Free Cash Flow

$5.53M

Previous: $5.44M+1.7%
Net Income

$7.8M

Previous: $6.85M+14.0%
Operating Income

$10M

Previous: $8.55M+17.4%
Gross Profit

$27.7M

Previous: $18.3M+51.6%
Cash & Equivalents

$10.6M

Previous: $35.6M-70.3%
Total Assets

$188M

Previous: $95.3M+97.5%
Stock-Based Comp

$70K

No prior period

Revenue & EPS history

Xpel · Revenue · Quarterly

$71.9M

Q1 2022+38.6%vs Q1 2021
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Xpel · $71.9M total across 2 segments · Q1 2022

  • Product revenue
    $58.1M+29.3%
  • Service revenue
    $13.8M+98.5%

Forward guidance

XPEL believes it is well-positioned to deliver solid results in coming quarters, despite on-going challenges with new car inventory in the US and impacts from COVID-related lockdowns in China.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+6.2%

Avg return

Earnings day

+6.8%

Avg return

5 days after

+10.8%

Avg return

30 days after

67%

18 / 27 earnings

Positive

+40.1%

Q2 2024

Best reaction

-40.4%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-6.6%+1.3%
Q4 2025-6.8%-14.8%-19.9%
Q3 2025+0.7%+10.5%+40.6%
Q1 2025+14.2%+25.6%+25.3%
Q4 2024-14.6%-24.7%-23.4%
Q3 2024+6.2%+7.6%+7.8%
Q2 2024+40.1%+42.0%+32.7%
Q1 2024-40.4%-40.2%-29.4%
Q4 2023-4.7%-5.1%-4.3%
Q3 2023-13.0%-9.3%-1.8%
Q2 2023-0.5%+5.2%-5.9%
Q1 2023+8.0%+6.9%+8.4%
Q4 2022-14.9%-13.3%-14.0%
Q3 2022+4.2%+5.1%-1.0%
Q2 2022+24.1%+30.1%+6.1%
Q1 2022+11.2%+12.9%+19.3%
Q4 2021-3.5%-18.7%-20.2%
Q3 2021+4.9%-0.4%-5.1%
Q2 2021+1.9%-9.9%-9.5%
Q1 2021+10.7%+19.4%+41.8%
Q4 2020+15.0%+11.9%+5.9%
Q3 2020+6.9%+19.6%+50.6%
Q2 2020+38.0%+37.8%+15.8%
Q1 2020+10.2%+20.9%+35.3%
Q4 2019+15.7%+4.9%+20.8%
Q3 2019+27.3%+36.9%+44.4%
Q2 2019+28.1%+28.1%+69.2%
Q4 2018
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Q4 2011
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Q4 2010
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Q2 2010
Q1 2010

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