XPEL reported a strong third quarter in 2021, with a significant increase in revenue and net income. Revenues increased by 48.6% to $68.5 million, while net income grew by 26.1% to $8.3 million, or $0.30 per basic and diluted share.
Revenues increased 48.6% to $68.5 million compared to third quarter 2020.
Organic revenue growth was 38.4%.
Net income grew 26.1% to $8.3 million, or $0.30 per basic and diluted share, compared to the same quarter of 2020.
EBITDA grew 27.1% to $11.4 million, or 16.6% of revenues compared to third quarter 2020.
No forward guidance was provided in the earnings report.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance