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 14 quarters(79%)
ActualEstimate

Revenue by segment

Xpel · $103M total across 2 segments · Q3 2023

  • Product revenue
    $81.1M+11.7%
  • Service revenue
    $21.6M+25.7%

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 20 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
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