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Jun 30, 2023
Xpel Q2 2023 Earnings Report
XPEL's Q2 2023 earnings were released, revealing record revenue and improved gross margin.
Key Takeaways
XPEL reported record revenue of $102.2 million for the second quarter of 2023, a 21.9% increase compared to the same quarter last year. The company's gross margin improved to 43.0%, and net income grew by 32.3% to $15.7 million, or $0.57 per share.
Revenues increased 21.9% to $102.2 million in the second quarter.
Gross margin percentage improved to 43.0% in the second quarter, a new high for the Company.
Net income grew 32.3% to $15.7 million, or $0.57 per share, compared to the same quarter of 2022.
EBITDA grew 30.5% to $22.4 million, or 21.9% of revenues compared to second quarter 2022.
Revenue by Segment
Forward Guidance
The release includes forward-looking statements regarding XPEL, Inc. and its business, which may include, but is not limited to, anticipated use of proceeds from capital transactions, expansion into new markets, and execution of the company's growth strategy.
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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