NASDAQ$XPEL
Xpel Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
XPEL's revenue increased by 11.9% in Q4 2022, with net income rising by 34.7%.
XPEL reported an 11.9% increase in revenue for Q4 2022, reaching $78.5 million. Net income saw a substantial increase of 34.7%, amounting to $8.4 million, or $0.30 per share. The company's performance was impacted by approximately $3.5 million due to canceled China orders and $0.4 million in inventory write-offs.
- Revenue increased 11.9% to $78.5 million compared to Q4 2021.
- Net income increased 34.7% to $8.4 million, or $0.30 per share.
- EBITDA grew 32.4% to $13.2 million, representing 16.8% of revenue.
- US grew 31.6% in the quarter.
Headline financials
Revenue & EPS history
Xpel · Revenue · Quarterly
$78.5M
Revenue by segment
Xpel · $103M total across 2 segments · Q3 2023
- Product revenue$81.1M+11.7%79.0%
- Service revenue$21.6M+25.7%21.0%
Forward guidance
XPEL anticipates continued momentum in most regions, particularly in the US, with cautious optimism from automakers and improving new car inventories for 2023. The company is off to a great start in 2023.
Tailwinds
- Tremendous momentum in almost all regions.
- US grew 31.6% in the quarter.
- Automakers seem cautiously optimistic about 2023.
- New car inventories continue to improve.
- Off to a great start in 2023.
Headwinds
- Revenue was negatively impacted by approximately $3.5 million due to the cancellation of some China orders.
- Uncertainty created by the change in COVID policies and China’s reopening.
- Company incurred approximately $0.4 million in inventory write-offs which negatively impacted gross margin.
- Selling, general and administrative expenses were negatively impacted by approximately $0.3 million in severance-related costs.
- Selling, general and administrative expenses were negatively impacted by $0.4 million in compensation expense tangential to a previous acquisition.
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 Q4 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
| Quarter | Report date | Reaction (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