NASDAQ$XPEL

Xpel Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

XPEL's revenue increased, but net income and EBITDA decreased compared to the same quarter last year.

XPEL reported record revenue of $109.9 million for the second quarter of 2024, a 7.5% increase year-over-year. However, net income decreased by 4.5% to $15.0 million, and EBITDA declined by 2.7% to $21.8 million. The company's gross margin remained relatively stable at 43.5%.

  • Revenue increased 7.5% to $109.9 million in the second quarter of 2024.
  • Gross margin was 43.5% in the second quarter of 2024.
  • Net income decreased 4.5% to $15.0 million, or $0.54 per share.
  • EBITDA decreased 2.7% to $21.8 million, representing 19.9% of revenue.

Headline financials

Total Revenue

$110M

Previous: $102M+7.5%
EPS (adj)

$0.54

Previous: $0.57-5.3%
Capital Expenditures

-$3.83M

Previous: -$3.31M-15.8%
Free Cash Flow

$11.2M

Previous: $12.4M-9.9%
Net Income

$15M

Previous: $15.7M-4.5%
Operating Income

$19.2M

Previous: $20.2M-5.0%
Gross Profit

$47.9M

Previous: $44M+8.8%
Cash & Equivalents

$15M

Previous: $14.3M+4.8%
Total Assets

$262M

Previous: $217M+20.8%
Stock-Based Comp

$837K

Previous: $354K+136.4%

Revenue & EPS history

Xpel · Revenue · Quarterly

$110M

Q2 2024+7.5%vs Q2 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

The company's annual revenue growth projection remains at 8-10%.

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 Q2 2024

Historical avgQ2 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———

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