NASDAQ$XPEL
Xpel Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
XPEL's revenue increased, driven by growth in the US region and window film products, while facing challenges in China. The company reported solid top and bottom-line growth.
XPEL reported record revenue of $112.9 million in Q3 2024, a 9.9% increase year-over-year. Net income grew by 9.1% to $14.9 million, and EBITDA increased by 10.0% to $21.7 million. The U.S. region saw record revenue, while China experienced a decline. The company estimates Q4 revenue at $105 - $107 million.
- Revenue increased by 9.9% to $112.9 million in Q3 2024.
- Net income grew by 9.1% to $14.9 million, or $0.54 per basic and diluted share.
- EBITDA grew by 10.0% to $21.7 million, representing 19.2% of revenue.
- US revenue grew 9.4% year-over-year.
Headline financials
Revenue & EPS history
Xpel · Revenue · Quarterly
$113M
Revenue by segment
Xpel · $125M total across 2 segments · Q2 2025
- Product revenue$94.8M—76.0%
- Service revenue$29.9M—24.0%
Forward guidance
Fourth quarter revenue is estimated at $105 - $107 million. This assumes Q4 YoY US growth of approximately 10% partially offset by Q4 YoY decline in China sales.
Tailwinds
- Fourth quarter revenue is estimated at $105 - $107 million.
- Assumes Q4 YoY US growth of approximately 10%.
- Company looks forward to capitalizing on momentum to close out the year.
- Good performance in the third quarter with solid top and bottom line growth.
- Record revenue in the US region.
Headwinds
- Assumes Q4 YoY decline in China sales.
- Total revenue increased 2.7% over the second quarter 2024.
- All other revenue (excluding US and China) declined 3.4% QoQ.
- Total service revenue declined 3.1% QoQ.
- Organic installation revenue grew 11.3% YoY.
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 Q3 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
| Quarter | Report date | Reaction (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% | |
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