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Sep 30, 2024
Xpel Q3 2024 Earnings Report
XPEL's revenue increased, driven by growth in the US region and window film products, while facing challenges in China. The company reported solid top and bottom-line growth.
Key Takeaways
XPEL reported record revenue of $112.9 million in Q3 2024, a 9.9% increase year-over-year. Net income grew by 9.1% to $14.9 million, and EBITDA increased by 10.0% to $21.7 million. The U.S. region saw record revenue, while China experienced a decline. The company estimates Q4 revenue at $105 - $107 million.
Revenue increased by 9.9% to $112.9 million in Q3 2024.
Net income grew by 9.1% to $14.9 million, or $0.54 per basic and diluted share.
EBITDA grew by 10.0% to $21.7 million, representing 19.2% of revenue.
US revenue grew 9.4% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Fourth quarter revenue is estimated at $105 - $107 million. This assumes Q4 YoY US growth of approximately 10% partially offset by Q4 YoY decline in China sales.
Positive Outlook
- Fourth quarter revenue is estimated at $105 - $107 million.
- Assumes Q4 YoY US growth of approximately 10%.
- Company looks forward to capitalizing on momentum to close out the year.
- Good performance in the third quarter with solid top and bottom line growth.
- Record revenue in the US region.
Challenges Ahead
- Assumes Q4 YoY decline in China sales.
- Total revenue increased 2.7% over the second quarter 2024.
- All other revenue (excluding US and China) declined 3.4% QoQ.
- Total service revenue declined 3.1% QoQ.
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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