NASDAQ$XPEL

Xpel Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

XPEL's first quarter results were announced, revealing a challenging quarter with revenue growth offset by declines in net income and EBITDA.

XPEL reported a 5.0% increase in revenue to $90.1 million for the first quarter of 2024. However, net income decreased by 41.7% to $6.7 million, and EBITDA decreased by 31.5% to $11.7 million. The company faced challenges in the U.S. market and a significant decline in revenue from China.

  • Revenue increased by 5.0% year-over-year to $90.1 million.
  • Net income decreased by 41.7% to $6.7 million, or $0.24 per share.
  • EBITDA decreased by 31.5% to $11.7 million.
  • U.S. revenue grew by 1.9%, while China revenue declined by 78.2%.

Headline financials

Total Revenue

$90.1M

Previous: $85.8M+5.0%
EPS

$0.24

Previous: $0.41-41.5%
Gross margin

42.0%

Previous: 41.9%+0.2%
EBITDA

$11.7M

Previous: $17.1M-31.6%
Operating expenses

$28.6M

No prior period
Sales and marketing

$10.4M

No prior period
General and administrative

$18.3M

No prior period
Cash flow from operations

-$4.96M

No prior period
Capital Expenditures

-$2.02M

Previous: -$2.06M+1.8%
Free Cash Flow

$4.65M

Previous: $9.38M-50.4%
Net Income

$6.67M

Previous: $11.4M-41.7%
Operating Income

$9.23M

Previous: $14.9M-38.2%
Gross Profit

$37.9M

Previous: $36M+5.3%
Cash & Equivalents

$8.61M

Previous: $8.33M+3.4%
Total Assets

$258M

Previous: $208M+24.5%
Stock-Based Comp

$630K

Previous: $303K+107.9%

Revenue & EPS history

Xpel · Revenue · Quarterly

$90.1M

Q1 2024+5%vs Q1 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Xpel · $125M total across 2 segments · Q2 2025

  • Product revenue
    $94.8M—
  • Service revenue
    $29.9M—

Forward guidance

XPEL revised its annual revenue growth projection downward to 8-10% from 15%.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+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
Q2 2025———
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———
Q3 2018———
Q2 2018———
Q1 2018———
Q4 2017———
Q3 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———
Q1 2012———
Q4 2011———
Q3 2011———
Q2 2011———
Q1 2011———
Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro