XPEL, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 08:22 am EST
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XPEL, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 102.68 million compared to USD 89.76 million a year ago. Net income was USD 13.66 million compared to USD 13.32 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.48 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 0.48 a year ago.
For the nine months, revenue was USD 290.76 million compared to USD 245.51 million a year ago. Net income was USD 40.83 million compared to USD 33.02 million a year ago. Basic earnings per share from continuing operations was USD 1.48 compared to USD 1.2 a year ago. Diluted earnings per share from continuing operations was USD 1.48 compared to USD 1.2 a year ago.
XPEL, Inc. is a provider of protective films and coatings, including automotive paint protection film, surface protection film, automotive and architectural window films, and ceramic coatings. The Company also provides installation services for its products through multiple channels. Paint protection film, its flagship product, is a self-adhesive, clear film designed to be applied to painted surfaces of automobiles and other surfaces. It sells several lines of automotive window films, primarily under the XPEL PRIME brand name. It sells architectural glass solutions for commercial and residential buildings under the VISION brand name, representing its product set with a fully non-automotive use. Its architectural window films come in several categories, including solar, safety and security, and other. It sells a hydrophobic, self-cleaning coating that can be applied to a variety of surface types for automobiles, aircraft and marine applications. It offers a Design Access Platform.
XPEL, INC. 
