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Mar 31, 2024
Xpel Q1 2024 Earnings Report
XPEL's first quarter results were announced, revealing a challenging quarter with revenue growth offset by declines in net income and EBITDA.
Key Takeaways
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%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
XPEL revised its annual revenue growth projection downward to 8-10% from 15%.
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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