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Mar 31, 2023
Xpel Q1 2023 Earnings Report
XPEL's revenue increased, gross margin improved, and net income grew in the first quarter of 2023.
Key Takeaways
XPEL reported a strong start to 2023 with a 19.5% increase in revenue to $85.8 million. The company's gross margin reached a new high of 41.9%, and net income grew by 46.5% to $11.4 million, or $0.41 per share.
Revenues increased 19.5% to $85.8 million in the first quarter.
Gross margin percentage improved to 41.9% in the first quarter.
Net income grew 46.5% to $11.4 million, or $0.41 per share.
EBITDA grew 43.9% to $17.1 million, or 19.9% of revenues.
Revenue by Segment
Forward Guidance
XPEL is focused on driving growth throughout 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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