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Jun 30, 2020
Xpel Q2 2020 Earnings Report
XPEL's revenue and net income increased in Q2 2020.
Key Takeaways
XPEL reported a 19.0% increase in revenue and a 32.1% increase in net income for the second quarter of 2020, driven by strong performance in the United States and China. The company achieved record revenue in June and managed expenses effectively, leading to substantial net income growth and record operating cash flow.
Revenue increased by 19.0% to $35.8 million compared to Q2 2019.
Net income grew by 32.1% to $4.0 million, or $0.14 per share, compared to $3.0 million in Q2 2019.
EBITDA increased by 29.2% to $5.7 million, representing 15.8% of revenues.
The company saw incredible top line resilience, led by the United States and China, culminating in a record revenue month in June.
Forward Guidance
While the economy continues to face uncertainty related to future COVID-19 impacts, XPEL is cautiously optimistic that its second quarter momentum will continue as the company moves through the rest of the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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