XPEL Inc
For the period ended Nov 7, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Nov 7, 2024 · Filed Nov 7, 2024
XPEL$38.39-4.2%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands except per share data)
(In thousands except per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | ||||
| Product revenue | $86,950 | $81,125 | $237,002 | $229,339 |
| Service revenue | 25,902 | 21,552 | 75,871 | 61,416 |
| Total revenue | 112,852 | 102,677 | 312,873 | 290,755 |
| Cost of Sales | ||||
| Cost of product sales | 53,967 | 51,876 | 147,376 | 143,613 |
| Cost of service | 10,969 | 9,272 | 31,840 | 25,660 |
| Total cost of sales | 64,936 | 61,148 | 179,216 | 169,273 |
| Gross Margin | 47,916 | 41,529 | 133,657 | 121,482 |
| Operating Expenses | ||||
| Sales and marketing | 10,637 | 7,730 | 31,308 | 22,554 |
| General and administrative | 18,892 | 16,170 | 55,547 | 46,180 |
| Total operating expenses | 29,529 | 23,900 | 86,855 | 68,734 |
| Operating Income | 18,387 | 17,629 | 46,802 | 52,748 |
| Interest expense | 97 | 85 | 962 | 946 |
| Foreign currency exchange (gain)/loss | (332) | 398 | 216 | 419 |
| Income before income taxes | 18,622 | 17,146 | 45,624 | 51,383 |
| Income tax expense | 3,730 | 3,490 | 9,033 | 10,553 |
| Net income | $14,892 | $13,656 | $36,591 | $40,830 |
| Earnings per share | ||||
| Basic | $0.54 | $0.49 | $1.32 | $1.48 |
| Diluted | $0.54 | $0.49 | $1.32 | $1.48 |
| Weighted Average Number of Common Shares | ||||
| Basic | 27,642 | 27,623 | 27,636 | 27,620 |
| Diluted | 27,644 | 27,644 | 27,639 | 27,634 |
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