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Jun 30, 2022
Xpel Q2 2022 Earnings Report
XPEL achieved record revenue and improved gross margin in Q2 2022.
Key Takeaways
XPEL reported a record revenue of $83.9 million for the second quarter of 2022, a 22.0% increase compared to the same quarter last year. The gross margin improved to 39.3%. Net income grew by 16.8% to $11.9 million, and EBITDA increased by 26.6% to $17.2 million.
Revenues increased 22.0% to a record $83.9 million in the second quarter.
Gross margin percentage improved to 39.3% in the second quarter, a new high for the Company.
Net income grew 16.8% to $11.9 million, or $0.43 per share.
EBITDA grew 26.6% to $17.2 million, or 20.5% of revenues.
Revenue by Segment
Forward Guidance
The company is confident in its ability to drive continued strong performance in the second half of 2022.
Challenges Ahead
- Continuing headwinds related to on-going tight new car inventory.
- COVID-related impacts in China.
- Strengthening U.S. Dollar.
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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