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Sep 30, 2020
Xpel Q3 2020 Earnings Report
XPEL's Q3 2020 earnings report showed record revenue with a significant increase compared to the previous year.
Key Takeaways
XPEL reported a strong Q3 2020 with a 29.5% increase in revenue to $46.1 million. Net income grew by 46.5% to $6.6 million, and EBITDA increased by 50.5% to $9.0 million. The company's performance was driven by solid top and bottom-line growth across most regions, capitalizing on the increasing trend toward vehicle ownership.
Revenues increased by 29.5% to $46.1 million compared to Q3 2019.
Net income grew by 46.5% to $6.6 million, or $0.24 per basic and diluted share, compared to $4.5 million in Q3 2019.
EBITDA grew by 50.5% to $9.0 million, representing 19.5% of revenues.
Cash and cash equivalents totaled $27.2 million as of September 30, 2020, compared to $11.5 million at the end of 2019.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report. However, the CEO indicated that they are well positioned to continue taking advantage of opportunities in the coming months.
Positive Outlook
- Strong top and bottom line performance in Q3.
- Most regions experienced record revenue.
- Relatively strong auto sales in most operating regions.
- Increasing trend toward more vehicle ownership.
- Well-positioned to continue capitalizing on opportunities.
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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