Loading...
•
Dec 31, 2024
Xpel Q4 2024 Earnings Report
XPEL reported a slight increase in revenue, a decrease in net income and EBITDA, and a decline in EPS for the fourth quarter of 2024.
Key Takeaways
XPEL's fourth quarter 2024 results showed a modest revenue increase of 1.9% to $107.5 million, but net income decreased by 25.7% to $8.9 million, and EBITDA fell by 19.3% to $14.3 million. The company's EPS also declined to $0.32 per share.
Revenue increased by 1.9% to $107.5 million in Q4 2024, with a 10.5% increase excluding China impacts.
Gross margin was 40.6% in Q4 2024, an improvement from 38.8% in Q4 2023.
Net income decreased by 25.7% to $8.9 million, resulting in a diluted EPS of $0.32.
EBITDA decreased by 19.3% to $14.3 million, representing 13.3% of revenue.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
XPEL expects first quarter 2025 revenue to be between $97 million and $99 million, and anticipates approximately $2 million in annual run rate savings from a recent workforce reduction.
Positive Outlook
- Expected Q1 2025 revenue of approximately $97 - $99 million.
- Workforce reduction expected to yield approximately $2 million in annual run rate savings.
- Solid top line performance in the fourth quarter of 2024.
- Progress made on key initiatives including increased focus on dealerships.
- Refinement of go-to-market strategy in China.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- Potential for adjustments to preliminary financial information for 2024.
- Forward-looking statements involve known and unknown risks and uncertainties.
- Risks include competition and supply chain disruption.
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
Loading earnings performance data...
Loading earnings reaction data...