XPEL reported record revenue of $109.9 million for the second quarter of 2024, a 7.5% increase year-over-year. However, net income decreased by 4.5% to $15.0 million, and EBITDA declined by 2.7% to $21.8 million. The company's gross margin remained relatively stable at 43.5%.
Revenue increased 7.5% to $109.9 million in the second quarter of 2024.
Gross margin was 43.5% in the second quarter of 2024.
Net income decreased 4.5% to $15.0 million, or $0.54 per share.
EBITDA decreased 2.7% to $21.8 million, representing 19.9% of revenue.
The company's annual revenue growth projection remains at 8-10%.
Visualization of income flow from segment revenue to net income
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